Category Archives: Blog

US stock futures fall as investors count down to the jobs report, and oil wavers on way to weekly loss

US futures fell Friday as investors wait for the latest jobs report. REUTERS/Brendan McDermid US stock futures fell Friday ahead of the monthly US jobs report, watched for signs of cooling in the labor market.  The jobs data is “likely to be a double-edged sword for investors” as it could lead to harder rate hikes,…

An American Airlines passenger is accused of stealing 2 credit cards and over $10,000 in cash from fellow fliers during a 9-hour flight

The American Airline flight was flying over international waters at the time of the reported theft. Eliyahu Yosef Parypa/Shutterstock An American Airlines passenger stands accused of stealing over $10,000 in cash during a flight. Court documents allege Diego Sebastian Radio conducted the theft on a plane from Argentina to Miami. On landing he was searched….

Trump left Truth Social board not long before it got hit with an SEC subpoena, filing shows

Former US President Donald Trump. Mandel Ngan/AFP via Getty Images A filing shows Donald Trump was removed as a director from Truth Social’s board on June 8. It happened three weeks before Truth Social’s parent company was issued with a federal subpoena. Truth Social in a statement denied that Trump left the board, despite the…

Meet Doug Herrington, Amazon’s new retail CEO

It’s Friday, folks. Jordan Parker Erb here, reporting to you from New York. This week, insiders gave us a glimpse into the leadership style of Amazon’s mild-mannered, Allbirds-wearing new retail boss, Doug Herrington. Before we get started: Do you know someone who’s shaping the marketing tech industry? Nominate them for Insider’s fourth annual list of martech…

The head of the Secret Service is leaving after 27 years to become Snapchat’s security chief

Secret Service director James Murray. Brendan Smialowski/Getty Images US Secret Service director James Murray is leaving to become Snap’s security chief.  The White House said his retirement was unrelated to the January 6 congressional hearings. Murray will report directly to Snap chief executive Evan Spiegel.  The head of the US Secret Service, James Murray, is…

Warren Buffett’s Berkshire Hathaway buys another $700 million of Occidental Petroleum stock — and now commands a $11 billion stake in the energy giant

Warren Buffett. Thomson Reuters Warren Buffett’s Berkshire Hathaway plowed another $700 million into Occidental Petroleum this week. Buffett’s company now commands a 18.4% stake valued at nearly $11 billion. Berkshire has invested more than $9 billion in the energy stock since the beginning of March. Warren Buffett’s Berkshire Hathaway piped about $700 million into Occidental Petroleum…

Commodity prices are slumping. Here’s why it could mean inflation is on the way down.

It’s Friday, readers. Phil Rosen here, reporting from New York. Gloom pervades global markets this morning, following the death of former Japanese prime minister Shinzo Abe, who was shot while giving a speech in the city of Nara. In today’s newsletter, we are also covering the indicators that suggest soaring prices are coming back down…

I’m an airport security officer. We can’t just ‘speed up’ preventing terrorism, no matter how angry passengers get.

Passengers have been facing long lines at Düsseldorf Airport. INA FASSBENDER/AFP via Getty Images Passengers have been facing long waits for security at airports around the world. An airport security officer at Düsseldorf Airport told Insider what workers were facing. He said the security service provider wasn’t hiring enough staff despite the shortages. This is…

A Russian billionaire said he only found out he was sanctioned when he read it in the news while on vacation, days before his 50th birthday

Andrey Melnichenko told Weltwoche that he didn’t know Putin “at all” and had never me him alone. Mikhail Svetlov/Getty Images, Getty Images Andrey Melnichenko said he only found out the EU had sanctioned him when he read it in the news. The industrialist told Weltwoche that he was only sanctioned because he’s Russian and rich….