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Economy

Musk, Dimon, McMahon: 20 Trump advisers to reopen the US economy - Business Insider

Apple CEO Tim Cook, Dallas Mavericks owner Mark Cuban, and former Secretary of State Condoleezza Rice also made the cut.

2020-04-16
Wealthy art owners are raising cash from their collections amid the looming recession - Business Insider

Wealthy art owners are raising cash from their collections amid the looming recession - Business Insider

Art isn't necessarily impacted by the risks commonly associated with the financial market, which makes it a lower call risk as an investment.

2020-04-15

72% of Americans say they're feeling the financial toll of COVID-19 - Business Insider

In a new Insider poll, 72% of Americans said they are experiencing some level of financial hardship due to the coronavirus.

2020-04-15

JPMorgan CEO Jamie Dimon on reopening US economy: 'It won't be May' - Business Insider

JPMorgan Chase CEO Jamie Dimon said in an earnings call on Tuesday that it's unlikely the economy will be open by May.

2020-04-15
US debt, deficit to reach WWII levels amid coronavirus, watchdog says - Business Insider

US debt, deficit to reach WWII levels amid coronavirus, watchdog says - Business Insider

The US deficit will also soar, the Committee for a Responsible Federal Budget said, with the total quadrupling in 2020 on coronavirus aid spending.

2020-04-15
Japan’s Economy May See a Record 25% Shrinkage

Japan’s Economy May See a Record 25% Shrinkage

JCER Senior Researcher Jun Saito recently commented that the global epidemic may be the final blow on Japan’s sluggish economy, while Goldman Sachs estimated Japan’s economy may see a record 25% shrinkage this quarter.

2020-04-12

Yellen: US GDP could fall 30%, unemployment might be 13% amid virus - Business Insider

"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.

2020-04-07
Credit Suisse: US economy to shrink record 33.5% in 2nd quarter - Business Insider

Credit Suisse: US economy to shrink record 33.5% in 2nd quarter - Business Insider

The bank also expects annual GDP to decline 5.3%, a bigger slump than was seen amid the global financial crisis in 2008.

2020-04-07

Why coronavirus recession recovery will be faster than Great Depression - Business Insider

Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.

2020-04-06
US firms slash 27,000 jobs in March before virus closures, quarantines - Business Insider

US firms slash 27,000 jobs in March before virus closures, quarantines - Business Insider

Small businesses accounted for the private-sector job cuts, shedding 90,000 payrolls through the month ended March 12, according to ADP.

2020-04-02

Bond king Jeff Gundlach believes the coronavirus sell-off is not over - Business Insider

"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.

2020-04-01
Coronavirus: Trump considers relaxing quarantine to boost economy - Business Insider

Coronavirus: Trump considers relaxing quarantine to boost economy - Business Insider

Some Americans could be allowed to return to work, amid fears the economic impact of the coronavirus shutdown could devastate the US.

2020-03-24

US unemployment could surge to 30% in Q2, GDP plunges 50%, Fed boss warns - Business Insider

"It is a huge shock and we are trying to cope with it and keep it under control," St. Louis Fed chief James Bullard told Bloomberg.

2020-03-24
If the economy is good, why do so many big American companies look so unstable? - Business Insider

If the economy is good, why do so many big American companies look so unstable? - Business Insider

OPINION: Half of corporate investment-grade bonds are one notch above junk, and a lack of investment in productivity could be to blame.

2020-02-10
It's official: Trump's tax cuts were an economic bust - Business Insider

It's official: Trump's tax cuts were an economic bust - Business Insider

Anyone with basic knowledge of Keynes and Laffer could've predicted what was just confirmed by GDP: Trump's tax cuts did nothing for the US economy.

2020-02-02
Trump, Ocasio-Cortez, politicians wrong about US economy, stock market - Business Insider

Trump, Ocasio-Cortez, politicians wrong about US economy, stock market - Business Insider

Trump says stock records prove the economy is great. Alexandria Ocasio-Cortez thinks it's terrible for normal people. They're both wrong — and right.

2020-01-19
Germany October factory output falls, industrial recession getting worse - Business Insider

Germany October factory output falls, industrial recession getting worse - Business Insider

October's 1.7% fall means that in the last year output has fallen 5.7% — the steepest year-on-year decline since 2009.

2019-12-06

Europe Could Rev Up the World Economy

As the world’s largest free-trade area, the European Union can reverse its sharply slowing economic growth in the first three quarters of this year to become an important driver of global demand and output.

2019-12-06

9 charts comparing Trump economy to Obama, Bush administrations - Business Insider

Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.

2019-11-27
Stock market investing strategy: Why cyclical firms could rally - Business Insider

Stock market investing strategy: Why cyclical firms could rally - Business Insider

Jim Paulsen of Leuthold Group says economically sensitive stocks are a good bet in spite of shaky returns and trade war fears.

2019-11-26

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