Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Average 30-year fixed mortgage rates are currently the highest they’ve been in…
Goldman Sachs expects China to reopen its economy after months of COVID-19 curbs in the second quarter of 2023. CFOTO/Future Publishing via Getty Images) Chinese stocks could jump 20% once the country fully reopens after months of COVID-19 curbs. The stock market could react more positively to the easing of local policy, Goldman Sachs said. …
China’s oil imports hit a five-month high in October after Beijing allowed refiners to resell more abroad in a bid to boost the battered economy. Guang Niu/Getty Images Chinese oil imports hit a five-month high in October, according to customs data. Imports rose after Beijing issued fuel-export quotas in a bid to boost its battered…
The UN’s human rights chief has criticized Elon Musk. Nicolas Maeterlinck/BELGA MAG/AFP via Getty Images; Gilbert Carrasquillo/GC Images The UN high commissioner for human rights has written an open letter to Elon Musk. Volker Türk noted his “concern and apprehension” about Twitter’s role as a public square. He also described the firing of Twitter’s human…
Paul Krugman. Arun Sharma/Hindustan Times via Getty Images The rampant inflation that has roiled the US economy this year may be fading, Paul Krugman said. The Nobel Prize-winning economist pointed to a cooling rental market and slowing wage growth. Underlying inflation may have dropped as low as 3%, Krugman said. Sliding rental prices and slowing…
Pennsylvania Democratic Senate nominee John Fetterman (L) and Donald Trump Jr. (R). Melissa Sue Gerrits/Mark Makela/Getty Images Democrat John Fetterman and Republican Mehmet Oz are facing off for US Senate in Pennsylvania. Fetterman’s health has become a focal point of the race after he suffered a stroke in May. Donald Trump Jr. mocked Fetterman on…
Elon Musk and Gigi Hadid James Devaney / Contributor / Getty Images and Craig Barritt / Stringer / Getty Images Model Gigi Hadid has deactivated her Twitter account after 10 years on the platform. She said that Twitter was becoming more of a “cesspool of hate” and “bigotry” under its “new leadership.” Hadid is the…
Samantha Losey is the managing director at Unity. Unity Samantha Losey is the director of a PR firm that’s participating in a four-day-workweek pilot. Losey said that, after a bumpy transition, the new schedule has been nothing short of a revelation. She added that the four-day workweek had helped recruitment, retention, and worker well-being. For…
Welcome back, folks. Writing to you from an unseasonably warm New York City, I’m your host, Jordan Parker Erb. We’ve got a lot to get to today, so I’m going to get straight into the news, starting with why experts are warning that tech layoffs are just beginning. Buckle up — it’s a busy day….
Welcome back, team. I’m Phil Rosen. With coffee in hand, stock charts pulled up, and “The Wolf of Wall Street” playing at full volume, I’m ready to take us through another week of markets. With pivotal midterms kicking off this week, it seems fitting to give a nod to elections. But I’m not here to…