REUTERS/Brendan McDermid Stocks could see a major rally by year-end on a Republican victory in Congress and cooler inflation, Fundstrat’s Tom Lee said. He pointed to expectations of lower inflationary spending if Republicans took the majority in Congress. If midterm results are met with a cooler October inflation report, that could spark a 20% rally…
Monthly Archives: November 2022
Jonathan Leibson/Getty Images; Rachel Mendelson/Insider Adidas announced an endorsement deal with Kanye West in November 2013. By 2019, Adidas sales of his Yeezy brand eclipsed $1 billion annually. In October, in the wake of antisemitic comments, Adidas ended the partnership. In November 2013, Adidas sales in North America, the most critical territory for sportswear sales,…
Manipulators come in many shapes, sizes, and forms — but not everyone who manipulates is inherently evil. urbazon/Getty Images Don Weber spent more than a decade working in human intelligence for top government agencies. He says using body language to detect manipulation requires that you know a person’s baseline. Once you know a person’s usual…
Pennsylvania Republican Senate nominee Mehmet Oz speaks during a rally with former President Donald Trump. Demetrius Freeman/The Washington Post via Getty Images Digital World, the SPAC linked to Donald Trump, fell Wednesday in the wake of the 2022 mid-term elections. A number of Republican candidates backed by Trump lost their bids or were trailing in…
Tim Schäfer. Tim Schäfer Tim Schäfer is an investor who earns about $30,000 a year in dividends. His total portfolio is worth around $1.8 million. He broke down his investment strategy for Insider and why he saw crises as opportunities. This is an edited, translated version of an article that originally appeared on November 3,…
Gina Luari, the founder of The Place 2 Be. courtesy of Luari Gina Luari launched her first brunch restaurant in 2016 after growing up in the industry. She’s scaled to four more locations and booked more than $6 million in annual net sales last year. Strong branding and investing in growth have helped her scale…
Former President Donald Trump. FREDERIC J. BROWN/AFP via Getty Images Former President Donald Trump “is livid” and “screaming at everyone” after GOP midterm setbacks, an advisor told CNN. Trump had endorsed more than 330 GOP candidates running for both state and federal office. Despite the losses, Trump will still probably announce his 2024 White House…
Redfin CEO Glenn Kelman Redfin Redfin is laying off 862 employees and shuttering its home-flipping business. The company’s stock is trading at an all-time-low after the latest layoff announcement. Read the full memo that CEO Glenn Kelman sent to employees this morning. Real estate brokerage Redfin is laying off another 862 employees and shuttering its…
Sam Bankman-Fried announced Tuesday that FTX would be taken over by Binance. Getty Images Rising interest rates will cause further casualties in the crypto space, according to the Peterson Institute’s Martin Chorzempa. FTX announced Tuesday it agreed to be taken over by rival exchange Binance, shocking investors. “We can expect a lot more problems to…
Rep. Alexandria Ocasio-Cortez is among the public figures with a new “official” tag on Twitter. Twitter Twitter is rolling out a new gray checkmark designating “official” accounts. A number of public figures had the new gray tag Wednesday morning. It’s separate from Elon Musk’s proposed $8-per-month subscription for the typical blue checkmark. Elon Musk’s Twitter…