The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says

Tech Insider : Economy
In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington.
Federal Reserve Board Chair Jerome Powell

Alex Brandon/AP Photo

The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense

Tech Insider : Economy, Economy
U.S. President Joe Biden pauses during a meeting with Israeli Prime Minister Benjamin Netanyahu to discuss the war between Israel and Hamas, in Tel Aviv, Israel, Wednesday, Oct. 18, 2023. (Miriam Alster/Pool Photo via AP)
US President Joe Biden met with Israeli Prime Minister Benjamin Netanyahu in Tel Aviv this week.

Miriam Alster/Pool Photo via AP

The great Rolex recession is here: How the Fed crushed the luxury-watch boom

Tech Insider : Economy
Rolex Milgauss

Rolex

Japan's aging population offers a roadmap for the US economy's inflation battle

Tech Insider : Economy
An elderly clerk waits to serve customers in front of a shop in Tokyo, Japan, Sept. 18, 2023.
Eurizon strategists said Japan's aging population provides clues to the US inflation outlook.

Xinhua News Agency / Getty Images

China's share of the global economy is falling by the most since Mao Zedong, and the historic turn could 'reorder the world'

Tech Insider : Economy
Mao Zedong
Mao Zedong.

Getty Images

China's economy was supposed to be the comeback story of 2023. The lowest-ever foreign stock purchases didn't help make that happen.

Tech Insider : Economy, Economy
Investors are paying attention to the stock market at a securities business hall in Fuyang, China, on December 5, 2023.
The Chinese markets disappointed investors who were expecting a post-pandemic boom in 2023.

Costfoto/NurPhoto/Getty Images

Reclusive L'Oréal heir, who plays piano for hours a day, becomes the first woman with a $100 billion fortune

Tech Insider
Francoise Bettencourt-Meyers
Francoise Bettencourt-Meyers,

Francois Guillot/AFP/Getty Images

Home prices will fall as 'silver tsunami' of baby boomers to unload fresh housing supply, top Wall Street forecaster says

Tech Insider
meredith whitney

REUTERS/Danny Moloshok

China's economy will continue to slow as no clear growth drivers will emerge for years, top analyst says

Tech Insider : Economy
Chinese real estate
Property projects under go construction in downtown area on July 9, 2007 in Chongqing Municipality, China.

China Photos/Getty Images

American fast-food companies find China's 1.4 billion population too delicious to resist

Tech Insider : Economy
A man carries his take way McDonald's foods as people take order at a machine at a newly opened McDonald's restaurant on Sunday, Dec. 24, 2023.
A man carries his take way McDonald's foods as people take order at a machine at a newly opened McDonald's restaurant on Sunday, Dec. 24, 2023.

AP/Andy Wong

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