Monthly Archives: October 2022

Democrats are downplaying Biden’s history-making 80th birthday, and insist that voters only care about what he ‘is going to do to make their lives better’

US President Joe Biden on October 10, 2022 in Washington, DC. Alex Wong/Getty Images Joe Biden will make history on his November 20 birthday as the first 80-year-old US president. But the White House doesn’t want to draw attention to the day, POLITICO reports. “Like President Biden has said, anyone with questions about his age…

Over half of Gen Z and millennials could face a retirement crisis as inflation rises and homeownership falls, says a Boston University economist

Only 12% of millennials who aren’t homeowners say they could buy a house today, according to a recent survey by OpenDoor. AntonioGuillem/Getty Images Over half of Gen Z and millennials could enter retirement with insufficient savings, says a Boston University economist. With inflation rising, the magic number for a comfortable retirement could be close to…

The Fed won’t pivot away from its interest rate hikes until one of these 3 things happen

Federal Reserve Chair Jerome Powell Win McNamee/Getty Images Investors should be holding their breath for a policy pivot by the Federal Reserve. That’s because one of three things happening before it can pivot away from interest rate hikes, Ned Davis Research said.“One of the main tenents of the NDR philosophy is ‘Don’t Fight the Fed,” NDR…

The Embedded Finance Explainer: Nonfinancial companies are increasingly looking to offer financial products via their platforms—here’s how innovative FIs can partner with them to capture a $7 trillion opportunity

Embedded finance is an emerging software distribution model that is promising—or threatening—to reshape the financial services industry. The global embedded finance market is still nascent, but its growth potential is enormous.  Do you work in the Fintech industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. Embedded…

LNG ships now cost a record high near $400,000 per day as Europe scrambles to resolve its gas crisis

LNG ship prices have hit a record-breaking $397,500, according to data from Spark Commodities. REUTERS/Ho New Freight rates for liquefied natural gas carriers have hit a record high of $397,500 a day. European countries are stocking up on gas supplies for the winter to replace Russian flows. Moscow has fueled an energy crisis on the…

Elon Musk claims whistleblower burned 10 notebooks as part of a Twitter order to destroy sensitive information about the company

Peiter Zatko (left) and Elon Musk. Michael Gonzalez/Getty Images/The Washington Post via Getty Images A whistleblower said he destroyed notebooks and computer files at Twitter’s request, per a court filing. Elon Musk requested sanctions against Twitter on October 3, alleging it destroyed evidence. The filing was made public on Monday, but filed the day before…

Not enough shoppers know about AmazonSmile — it’s a program that makes donations to your favorite charity when you shop during Prime Day and beyond

picture alliance/Getty Images When you buy through our links, Insider may earn an affiliate commission. Learn more. AmazonSmile is a program that donates 0.5% of your purchases on Amazon to a charity of your choice.  All you need to do is start your shopping at smile.amazon.com. The donation will be made at no extra cost…

‘Big Short’ investor Michael Burry points to the steep drop in ARKK stock – and says Cathie Wood’s flagship fund was always bound to collapse in value

Michael Burry. Kevin Mazur/WireImage Michael Burry took aim at Cathie Wood’s flagship Ark Innovation ETF in a tweet. The “Big Short” investor highlighted the collapse in its stock to pre-pandemic lows. Burry predicted Wood’s outperformance wouldn’t last and bet against her fund last year. Cathie Wood’s flagship exchange-traded fund was always going to crash back…

Tesla CEO Elon Musk spoke with Vladimir Putin before pitching his Ukraine peace plan on Twitter that repeated Kremlin talking points, political scientist says

CARINA JOHANSEN/NTB/AFP/Contributor/Getty Images Before tweeting a peace plan to end the war in Ukraine that parroted Russian demands, Elon Musk reportedly met privately with Russian President Vladimir Putin.  In an email to Eurasia Group subscribers, Ian Bremmer said that he spoke with Musk two weeks ago — who had previously met with Putin.  Musk told…