China’s yuan now accounts for nearly half of Moscow’s currency market as Russian central bank calls for balanced transition to the redback

Chinese buyers of Russian oil are seeking to avoid reputation damage, one analyst said. ALEXEI DRUZHININ/Getty Images The yuan’s share of the Russian currency market is now 40%-45% vs. less than 1% at the start of the year, according to the Moscow Exchange. And yuan-ruble trading in October was more than 80 times the level…

A deed in lieu of foreclosure offers a way out if you can’t pay your mortgage. Here’s when to consider it

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. Some mortgage servicers offer relocation assistance alongside a deed in lieu if…

Ukraine has wrecked Russia’s invasion plans, and these game-changing weapons have helped them do it

A Ukrainian serviceman fires an NLAW anti-tank weapon during an exercise in the Joint Forces Operation, in the Donetsk region, eastern Ukraine, on Feb. 15, 2022. AP Photo/Vadim Ghirda, File Western countries have sent Ukraine a variety of weapons to help it fend off Russia’s invasion. At various stages of the war, certain systems have…

The EU leadership has reportedly settled on a $60-a-barrel cap for Russian oil prices — but now it has to get its members to agree

The European Union will ask its members to cap Russian oil at $60 a barrel, according to the Wall Street Journal. Reuters/Hani Amara The EU will ask its members to cap Russian oil at $60 a barrel, according to the Wall Street Journal. The trading bloc is trying to hit Russian oil revenues as the…

A housing market correction will take a long time and prices need to fall as much as 20% in the next few years to return to their historical trend

Robert Galbraith/ Reuters The housing market correction will take time, according to DataTrek’s Nicholas Colas. Colas pointed to the length of previous housing cycles, where home prices strayed from long-term trends for years. He predicted home prices would need to drop by 15%-20% for the market to return to its long-term growth trend.  A housing…

Luminary’s founder offered employees 3 options when her company was in financial ruin. Here’s why they all chose to take a pay cut.

Insider Cate Luzio is the founder and CEO of Luminary. Luminary Cate Luzio is the founder and CEO of Luminary, a women’s coworking space and professional network. When the COVID-19 pandemic hit, Luzio gave workers the choice of layoffs, furloughs, or pay cuts. Her leadership provides founders an example of making tough decisions during a…

A Gen Z-led company tapped TikTok influencers to turn out young voters in midterm elections, creating a “blueprint” for 2024

From left, TikTok influencers Christian Maldonado, Tega Orhorhoro, and Ryze Hendricks. Compiled by Insider, courtesy of Social Currant A Gen Z-led company tapped TikTok influencers in November to persuade young people to vote. Young people had one of their highest turnout rates ever in a midterm election in November. Now some progressive groups are looking…

East Beast and West Pest review: Affordable intros to the addictive world of modular synths

The price of entry into the world of modular synthesis has been trending downward for sometime. Moog even recently released the Mavis, a DIY Eurorack-compatible synth for just $350 – a shockingly low price from the company. But Cre8Audio seems to think that prices haven’t come down fast enough. It has been setting the pace…