Georgia Republican Senate nominee Herschel Walker. AP Photo/Todd Kirkland Herschel Walker and Raphael Warnock are fighting for a Senate seat in Georgia’s runoff election Tuesday. Despite the tight race, Republican candidate Walker has been keeping a light schedule. GOP allies have privately said that chances of him winning are slim, Politico reported. Georgia Republicans are…
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Brace for a stagflationary crisis that the Fed and other policymakers will be powerless to prevent, Nouriel Roubini warns
Tom Williams/CQ Roll Call/GettyImages The global economy is headed for an unavoidable crash, according to Nouriel Roubini. The ‘Dr Doom’ economist warned that ‘the mother of all stagflationary debt crises’ is coming. The Federal Reserve might be powerless to prevent a collapse, he said. The global economy could be headed for crisis with policymakers powerless…
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GOP backlash over Trump’s call for ‘termination’ of the US Constitution grows despite his attempts to walk back comment
Former President Donald Trump speaks remotely during the Republican Jewish Coalition (RJC) Annual Leadership Meeting in Las Vegas, Nevada on November 19, 2022. David Becker for the Washington Post Donald Trump claimed on Monday that he had not called for the Constitution to be cancelled. It came amid a backlash from Republican senators over the…
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It’ll take months for the impact on Russian oil from the EU price cap to feed through – and how bad it is depends on these 3 things, PIMCO says
EU sanctions on Russian crude kicked in on December 5. Tim Chong/Reuters It will be months before we know the real impact of the EU price cap on Russian oil, PIMCO said. Where oil will be depends on 3 things, PIMCO’s commodities strategist Greg Sharenow said. These include how many ships Russia can procure and…
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Homebuyers will flock to the Midwest in 2023 because prices will still be too expensive in coastal states, a Zillow economist predicts
Orphe Divounguy, a senior economist at Zillow Courtesy of Zillow The Midwest could be 2023’s hottest housing market because it’s affordable, one Zillow economist said. Buyers may look at cities like Chicago, Indianapolis, and Cleveland, where prices have remained stable. “Buyers who can afford it should consider taking advantage of current conditions,” the economist said….
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Live Results: Democrat Raphael Warnock and Republican Herschel Walker face off in the Georgia Senate runoff
Getty; Marianne Ayala/Insider Raphael Warnock and Herschel Walker are fighting to the finish in Georgia’s Senate runoff. Warnock is seeking a full 6-year term, while Walker hopes to knock off the incumbent Democrat. Both parties see the Senate runoff as a proving ground in advance of the 2024 presidential election. Democratic Sen. Raphael Warnock and…
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Expect Chinese stocks to rally hard now that Beijing has set a ‘clear path’ to reopening, Morgan Stanley says
Beijing started easing its zero-COVID controls earlier this month. Sittirak Jadlit/Shutterstock Morgan Stanley upgraded its outlook for China equities and expects a move toward ending zero-COVID controls to boost stocks. Hong Kong’s Hang Seng index could rally 13% from its current level by the end of 2023, strategists said. Major Chinese cities including Shanghai and…
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My mother-in-law wants me to buy her presents for my kids — but it’s just more work. How can I get out of this?
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. Klaus Vedfelt/Getty Images For Love & Money is a biweekly column from Insider…
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Janitors who clean Twitter’s HQ are on strike after failed negotiations mean they face losing their jobs, union says
Janitors went on strike outside Twitter’s headquarters in San Francisco, union says. Constanza Hevia/AFP via Getty Images Janitors cleaning Twitter’s HQ went on strike over unfair labor practice, SEIU Local 87 says. Twitter ended the contract with the firm employing the janitors, per the California Labor Federation (CLF). The janitors face losing their jobs on…
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Foreign workers on H-1B visas laid off by Meta asked to stay on the company payroll longer to avoid having to leave the US, report says
Meta logo Arnd Wiegmann/Reuters H-1B workers laid off by Meta asked to stay on for two extra months, BuzzFeed News reported Laid-off H-1B workers only have 60 days to find a new job or they have to leave the country. Staying at the company for longer would give them more time to find a new…