businessinsider.com
A near mirror image in stock-price performance has helped catapult Mark Zuckerberg ahead of Elon Musk as the world’s third-richest person, according to data from Bloomberg.Mark Zuckerberg had a net worth of $175 billion as of Wednesday, just slightly overtaking Musk’s net worth of $174 billion. That gap is set to widen on Thursday as shares of Tesla decline to a new 52-week low while Meta Platforms stock pushes toward all-time highs.Year-to-date, Zuckerberg has added $47.3 billion to his net wor…
9 days ago
businessinsider.com
US stocks surged on Friday, recouping most of Thursday’s losses after the March jobs report bested analyst estimates.The US economy added 303,000 jobs in March, well ahead of economist estimates of 212,000. Investors are electing to put a positive spin on the strong economic data under the idea that expansion will drive earnings growth. That optimism appeared to outweigh concerns that a Fed rate cut will be delayed.The report also saw the unemployment rate fall to 3.8% from 3.9%, and it also sho…
22 days ago
businessinsider.com
A four-day week is coming to the workplace, the hedge-fund giant Steve Cohen said.Cohen, the CEO and chair of Point72 Asset Management, told CNBC on Wednesday that the growing adoption of artificial intelligence would eventually help enable a four-day workweek.“My belief is a four-day workweek is coming,” Cohen said. “You know, between the advent of AI, generally, we hear from people that Fridays are just not — people are not as productive on Fridays, and so I just think it’s an eventuality.“Whi…
24 days ago
businessinsider.com
A closely watched recession indicator has stopped flashing red after a 23-month decline, and that’s great news for stocks, according to Carson Group strategist Barry Gilbert.The Conference Board’s Leading Economic Index gained 0.1% month-over-month in February, ending a near two-year decline.Sustained declines in the Leading Economic Index have historically foreshadowed an imminent recession, but this time around it looks like a recession will have been avoided as the Federal Reserve attempts to…
about 1 month ago
businessinsider.com
Millennial women are starting to have an outsized impact on the global economy, and that should drive the stock market higher for years to come, according to Ned Davis Research.NDR chief economist Alejandra Grindal highlighted in a recent note that the prime-age female job-participation rate hit a record high in the US, Australia, Japan, Germany, Italy, and South Korea in 2023.Overall, the female job participation rate has surged since 2019 across several developed economies, far outpacing the g…
about 1 month ago
businessinsider.com
An economic recession has been delayed, but not averted amid ongoing weakness in the manufacturing sector, according to Cannacord Genuity chief market strategist Tony Dwyer.Dwyer told CNBC on Friday that while he expects stocks to perform well this year if and when the Federal Reserve cuts interest rates, a recession is still on the table.“It’s been choppy, it’s going to get choppy underneath the surface,” Dwyer said of the broader economy, sticking with his longer-term recession call.Dwyer’s st…
about 1 month ago
businessinsider.com
Economist David Rosenberg is growing increasingly concerned that a surprise recession could hit the US economy.Rosenberg’s concern stems from the February jobs report, which showed the unemployment rate unexpectedly rise to 3.9% from 3.7%. That reading puts the soft landing narrative at risk, according to Rosenberg.“Now that the jobless rate is up 0.5 of a percentage point from the January 2023 cycle low, it messes up the soft landing narrative because once it rises this much from the lows, the…
about 2 months ago
Search by beat, location, outlet & position to find the right journalists for your story.
Sign up for freebusinessinsider.com
The record rally in bitcoin could lead the Federal Reserve to delay its planned interest rate cuts later this year, according to JPMorgan.Strategist Marko Kolanovic said in a recent note that bitcoin’s rally above $60,000, combined with record highs for stocks, suggests that “froth” is beginning to accumulate in risk assets.That froth could ultimately drive the Fed to hold off on its planned interest rate cuts, which are often stimulative for risk assets, as it could unleash another round of inf…
about 2 months ago
businessinsider.com
With a $200 billion fortune, Amazon founder Jeff Bezos has surpassed Elon Musk to once again become the world’s richest person.According to data from Bloomberg, Bezos’ fortune eclipsed Musk’s fortune by $2 billion as of Monday. This represents the first time since the fall of 2021 that Bezos is the world’s richest person.About 84% of Bezos’ wealth is in his ownership stake in Amazon, which was worth $167 billion on Monday. Bezos has gained $23 billion in wealth so far this year as Amazon stock h…
about 2 months ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended August 28.
over 2 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended August 7.
over 2 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended July 31.
over 2 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended May 8.
over 2 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended July 24.
almost 3 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended July 17.
almost 3 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended July 10.
almost 3 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended June 26.
almost 3 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended June 12.
almost 3 years ago
businessinsider.com
The definitive collection of the best investing stories Business Insider
published during the week ended June 5.
almost 3 years ago
businessinsider.com
President Donald Trump and his administration is expected to scale back
provisions of the Volcker Rule, which is designed to combat exorbitant
risk-taking by banks. Some market experts are concerned about this, since bank
behavior majorly contributed to the last financial crisis.
over 5 years ago
businessinsider.com
BI PRIME: Leuthold Group has sounded the alarm on a valuation metric that shows
the S&P 500 is twice as expensive as it was at the peak of the tech bubble. This
development could have large implications for stock investors of all types,
particularly value traders.
over 5 years ago
