Hello from a very chilly New York. I’m your host, Jordan Parker Erb, and I’ve spent this morning wistfully thinking of simpler times, like a few hours ago when I was still wrapped up in my flannel bedding. But it’s not healthy to dwell on the past, so let’s look ahead. Today, we’re talking about…
Former U.S. Treasury Secretary Lawrence H. “Larry” Summers. REUTERS/Jason Alden/POOL The Fed’s interest rate hikes have created “an environment of two-sided risk”, Larry Summers said. He warned there’s a possibility of both high inflation and low economic growth for the US. That makes it likely US interest rates will stay between 2% and 5%, the…
Elon Musk is reportedly planning to slash roughly half of Twitter’s 7,500 employees this week. But the conflict between Twitter’s old guard and the new owner’s loyalists is just getting started. Getty Images Twitter’s future existence could be threatened after Elon Musk said bankruptcy is possible. A recent report said losing Twitter would likely result…
Jabin Botsford/Getty Images Sam Bankman-Fried used to spend thousands of dollars on staff lunches, Fox Business reported. Since FTX collapsed, reports have revealed the full extent of Bankman-Fried’s lavish lifestyle. The disgraced crypto mogul previously said he planned to give almost all of his fortune away. Sam Bankman-Fried, the former CEO of crypto exchange FTX,…
Hello! It’s Dan DeFrancesco checking in from NYC. Today we’ve got stories on Steve Cohen feeling bullish on his casino plans, VCs thoughts on what’s next for crypto, and how activists on Wall Street are calling the shots at some of the biggest companies. But first, let’s take a peek inside some pockets. If this was…
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. The average cost of travel insurance has increased over the past week,…
A building of the Southern Federal University in Rostov-On-Don, Russia, July 24, 2017 David Mdzinarishvili/Reuters African students in Russia told The Daily Beast that they were pressured to fight in Ukraine. Students said they were told they could lose their scholarships or see fee hikes, per the Beast. The university, in Rostov-on-Don, is a key…
Honda and Sony announced a joint venture in March with the aim to build future electric vehicles together. Now it seems their endeavours could include PlayStation 5 gaming hardware as part of their entertainment systems. Sony Honda Mobility, as the new firm is called, plans to release its first car in 2025 with Honda in…
One of our favourite ebike brands, Cowboy, has just set live an absolute stunner of a Black Friday deal, saving you £900 on one of its slick bikes. This deal is on the Cowboy 3, a model that’s a couple of years old and a bit less powerful than the newer Cowboy 4, but it’s…
The golf update for Nintendo Switch Sports will be released at the end of this month. Originally planned for autumn, the update was delayed in September for more development time, with a release window of the holiday season. So far, Nintendo has stated the update will support local and online play. 21 holes from Wii…