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☆ 'Shark Tank' host Kevin O'Leary says he would've fired this CEO in 'seconds' for backing pro-Palestinian protesters: 'Be gone'
▼ + stars: | 2024-05-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests. AdvertisementHims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and investor Kevin O'Leary. On May 1, Dudum said in an X post that student protesters should "keep going" because "it's working." People are very polarized by this war, as they are in every war," O'Leary said. Last week, the businessman said in an interview on Fox News' "The Five" that pro-Palestinian student protesters will be "screwed" when they start job hunting.

Persons: Kevin O'Leary, would've, Andrew Dudum, " O'Leary, Dudum's, —, O'Leary, Dudum, you’re, Dudum didn't, CNN's Laura Poole Organizations: Service, Palestinian, Fox Business, Columbia University, UCLA, BI, Fox News, Google, National Labor Relations Board Locations: Israel, Gaza

☆ The US may already be in recession as job cuts accelerate, research CEO says
▼ + stars: | 2024-05-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US economy may already be mired in recession, Danielle DiMartino Booth told Bloomberg TV. Downside labor revisions and rising job losses indicate a downturn has hit, the QI Research CEO said. AdvertisementThe US is already mired in recessionary downturn, and rising job losses prove it, veteran forecaster Danielle DiMartino Booth told Bloomberg TV. AdvertisementBy that standard, the rule was triggered in October of last year, according to recently published labor revisions through the third quarter of 2023, indicating job losses of 192,000. Other analysts have also projected rising recession risk, hand-in-hand with a labor market fallout.

Persons: Danielle DiMartino Booth, —, there's, it's, Booth, Goldman Sachs, payrolls, David Rosenberg Organizations: Bloomberg TV, Downside, QI, Service, Bloomberg, Fox Business

☆ 'Shark Tank' star Kevin O'Leary says interest rates won't budge this year: 'I'm sorry, it's just reality'
▼ + stars: | 2024-05-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Shark Tank" star Kevin O'Leary sees zero rate cuts this year, he told Fox Business. Cuts are unlikely as the Fed can't seem to reach its mandate of 2% inflation anytime soon, he said. AdvertisementInvestors need to stifle any hope for interest rate cuts this year, as the Federal Reserve will not be able to reach its inflation mandate anytime soon, Kevin O'Leary said. But there'll be no rate cuts this year," O'Leary said Tuesday. For its part, the Fed has projected three rate cuts in 2024, though officials have repeatedly asserted that this depends on future inflation and economic data.

Persons: Kevin O'Leary, —, there'll, " O'Leary, I'm, O'Leary Organizations: Fox Business, Service, Federal Reserve, Fox Business Network, Fed

☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

☆ The US is dealing with a rare bifurcation of the economy, and it's raising the odds of recession, Piper Sandler chief economist says
▼ + stars: | 2024-04-24 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

The US economy is facing a rare and difficult bifurcation, says Piper Sandler's head economist. The economist forecasts 53% odds of recession but adds that one is needed to bring down inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US is navigating a "bifurcated" economy that's only been seen twice before, with both times ending in a recession, according to a top economist. This story is available exclusively to Business Insider subscribers.

Persons: Piper, —, Nancy Lazar Organizations: Service, Fox Business Network, Business

☆ Why the steep plunge in stocks in April means the bull market can push on
▼ + stars: | 2024-04-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The S&P 500's recent sell-off is actually a sign the bull market is here to stay, according to Ken Fisher. AdvertisementThe recent sell-off in stocks isn't a reason for investors to flee the market — and it's actually a sign that the bull rally could push even higher, according to market veteran Ken Fisher. Advertisement"It is a bull market. Markets have been too "fixated" on various negative catalysts for stocks, Fisher added, pointing to investor concern regarding rate cuts and elevated inflation. "This bull market, just enjoy it, even though stocks are volatile from time to time," Fisher said.

Persons: Ken Fisher, —, it's, Fisher, we've Organizations: Fox Business Network, Investors, Service, Fisher Investments

☆ A disabled woman planned a 'once-in-a-lifetime' trip to Disney World. Then the park changed its disability policy.
▼ + stars: | 2024-04-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

Read previewSavannah spent nine weeks and thousands of dollars planning her family's trip to Walt Disney World. AdvertisementMinnie Mouse at Walt Disney World. Disney's new disability policyThe bombshell: Disney announced earlier this month that it would revise its Disability Access Service policy. The Washington Post/Getty ImagesThe Disneyland and Disney World websites include information for individuals with disabilities across different categories, including mobility. However, the policy changes — scheduled to go into effect the first day of their Disney vacation — have upended everything.

Persons: —, Minnie Mouse, Savannah —, Savannah, She's, Disney, there's, Bob Iger —, Joe Burbank, I've Organizations: Service, Savannah, Walt Disney, Disney, Business, Walt Disney World, Anadolu, Getty, Fox Business, The Washington Post, Disneyland, Washington Post, Services, Orlando Sentinel, Tribune, Getty Images Savannah, Universal Locations: Savannah, Indiana, California, Florida

☆ The average US home price could spike 20% to a record $500,000 if the Fed cuts interest rates too soon, expert says
▼ + stars: | 2024-04-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The median US home price could surpass $500,000 for the first time, one expert says. Housing guru Bill Pulte said prices could jump 20% if the Fed cuts rates before crushing inflation. AdvertisementThe average price of a home could soar to over $500,000 if the Federal Reserve cuts interest rates without crushing inflation first, a housing expert says. "I predict if rates go down, housing prices will go through the roof," Bill Pulte recently told Fox Business. This story is available exclusively to Business Insider subscribers.

Persons: Bill Pulte, —, Louis Organizations: Service, Federal Reserve, Fox Business, Louis Fed, Business Locations: St

☆ Disney says it will now issue lifetime bans to guests who lie about having disabilities at its theme parks
▼ + stars: | 2024-04-13 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

The updates address who can use Disability Access Services, among other changes. Disability services have become the most requested service at the Florida and California parks, according to The Washington Post. MediaNews Group/Orange County Register via Getty ImagesChanges to the company's Disability Access Service arrived on the official Walt Disney World and Disneyland websites this week. Joseph Prezioso/Anadolu Agency/Getty ImagesThe new policies will begin at Walt Disney World on May 20 and June 18 at Disneyland. Representatives for Walt Disney World and Disneyland did not immediately respond to a request for comment from Business Insider.

Persons: —, Disney, Joseph Prezioso, Dennis Speigel, Speigel, Stacey Crane Organizations: Disney, Service, Business, The Washington Post, MediaNews, Orange, Getty, Walt Disney, Fox Business, Anadolu Agency, Walt Disney World, Disneyland . Representatives, Park Services, NBC, WESH, Washington Post Locations: Florida, California, Orlando

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ A woman flew from Seattle to Raleigh-Durham to find her dog that escaped after Alaska Airlines failed to put him on the plane
▼ + stars: | 2024-03-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Alaska Airlines failed to put a dog on a flight from Raleigh-Durham to Seattle with his owner, WRAL reported. AdvertisementA passenger flew back to Raleigh-Durham International Airport to help search for her dog that escaped after Alaska Airlines failed to put him on a flight to Seattle with her. "Due to a misstep in the loading process, the dog did not make the trip," an Alaska representative told the outlet. "When it was time to load it into the crate, it pulled away, shook loose from its collar and ran away," the Alaska Airlines representative said. The owner flew all the way back to Raleigh from Seattle to join the search for the dog on a flight paid for by Alaska Airlines, per WRAL.

Persons: WRAL, — Organizations: Alaska Airlines, Service, Durham International Airport, Airport, Fox Business Locations: Raleigh, Durham, Seattle, Alaska

☆ Home prices will 'go through the roof' as soon as rates come down a single percentage point, 'Shark Tank' investor Barbara Corcoran says
▼ + stars: | 2024-03-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Home prices will soar the moment mortgage rates drop to 6%, Barbara Cocoran predicted. The "Shark Tank" investor is anticipating a wave of buyers coming to market once rates fall one percentage point. Buyers waiting for rates to come down may wind up paying more in the end, she warned. Real estate economists say that mortgage rates aren't primed for a significant drop anytime soon. Mortgage rates are influenced by real interest rates in the economy, and the Fed has hinted it could keep rates higher for longer as it continues to monitor inflation.

Persons: Barbara Cocoran, —, Barbara Corcoran, Cocoran, Freddie Mac, Corcoran, meanwhile Organizations: Service, Fox Business Network, Corcoran Group

☆ Runaway government debt could sink markets and slam the economy, 2 watchdogs warn
▼ + stars: | 2024-03-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The US government's ballooning interest payments are eating a hole in its budget, they said. "We are headed toward record spending levels, record deficit levels, record debt levels, record interest payments — the list goes and on," Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, told Fox Business this week. While the US isn't at imminent risk of that kind of chaos, bond markets could "snap back" if the government's interest payments soar to $1 trillion in 2026 as expected, Swagel said. AdvertisementHowever, she noted that some experts on Wall Street were "incredibly worried" about the national debt and interest payments. DoubleLine Capital CEO Jeffrey Gundlach has also sounded the alarm on debt payments.

Persons: —, MacGuineas, Philip Swagel, Liz Truss, Swagel, bitcoin, Jim Rogers, George Soros, He's, Jeffrey Gundlach Organizations: Investors, Service, Federal Budget, Fox Business, Congressional, Office, Financial Times, Bank of, CBO, Wall, DoubleLine

☆ Tesla is the biggest S&P 500 loser this year, down even more than Boeing
▼ + stars: | 2024-03-18 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Close to three months later, the electric carmaker holds a much less enviable title — it's the S&P 500's biggest loser year-to-date. Tesla shares have plummeted about 30% year-to-date, wiping about $230 billion off the company's value. AdvertisementThe gap was even wider at the end of last week, but Tesla shares were up almost 6% on Monday. AdvertisementNelson also believes Tesla could become the world's biggest auto manufacturer — but others don't share his optimism.

Persons: —, Tesla, Elon, BYD, That's, Seth Goldstein, Goldstein, Refinitiv, Garrett Nelson, Nelson, Wells, Ross Gerber, who's Organizations: Elon, Service, Boeing, Alaska Airlines, MAX, Elon Musk's, North, Fox Business Locations: Elon Musk's, North America, Europe

☆ What a Trump 2.0 Economy Would Look Like
▼ + stars: | 2024-03-15 | by ( Tim Smart | ) www.usnews.com time to read: +10 min

Overall, the Biden economic plan draws less than favorable reviews from voters. So, too, are promises of more tax cuts and a sharp curtailment of immigration. Trump was upset in 2019 that Powell was not doing enough to lower interest rates and stimulate the economy. The Trump tax cuts are set to expire in 2025, giving a second Trump administration the opportunity to fight that battle again. “A Trump 2.0 presidency would inherit very large fiscal deficits from the Biden Administration, rising interest expenses and an economy probably more prone to bouts of inflation,” the report said.

Persons: Muhammad Ali, Joe Frazier, Joe Biden, Donald Trump, Biden, Trump, There’s, ” Trump, it’s, ”, Patrick Horan, “, Tony Soprano, Patrick Kilbane, ” Kilbane, “ Trump, ” George Calhoun, Calhoun, ” Matt Gertken, Alex Nowrasteh, ” Michael Clemens, Clemens, Jerome Powell, Powell, Xi Jinping, Maria Bartiromo, reappoint Powell, Steve Mnuchin, ” Maxime Darmet, Darmet, Kevin McCarthy Organizations: Manila ”, Trump, CNBC, Monday, White, George Mason University, Ullmann Wealth Partners, Republican Party, Senate, Affordable, Quantitative, Stevens Institute of Technology, TikTok, Democratic, BCA Research, Labor, CATO Institute, Peterson Institute for International, University of Colorado, Federal Reserve, Federal, Biden, Fox Business, Trump Cabinet, House, Allianz Research, Biden Administration, U.S, Allianz Trade, Congress, GOP Locations: Manila, COVID, China, U.S, America, France

☆ Many Republicans plan to skip House GOP retreat as they grumble about location and spending time with one another
▼ + stars: | 2024-03-12 | by ( Melanie Zanona | ) edition.cnn.com time to read: +2 min

Many Republicans plan to skip the House GOP retreat as they grumble about both the location and the idea of spending time with one another, with tensions still running high inside the party in the wake of their unprecedented speakership drama. Fewer than 100 Republicans have RSVP’d to attend the retreat, which is less than half of the entire conference, according to a GOP source familiar with the attendance sheet. GOP Rep. Nancy Mace of South Carolina, for example, is scheduled to appear on “Real Time with Bill Maher” later this week. In a remarkable split screen, firebrand GOP Rep. Matt Gaetz of Florida will be attending a rally in Texas on Thursday in support of Brandon Herrera, a far-right candidate who is challenging GOP Rep. Tony Gonzales. Among the Republicans who have decided to skip the retreat include Rep. Mark Green of Tennessee, the chairman of the House Homeland Security Committee; Reps.

Persons: Nancy Mace, Bill Maher ”, Kelly Armstrong of North, Tim Burchett, Mike Johnson, Kevin McCarthy, Matt Gaetz, Brandon Herrera, Tony Gonzales, Larry Kudlow –, Howard Lutnick, Cantor Fitzgerald, Mark Green of, Dusty Johnson of, Stephanie Bice, Dave Joyce of Ohio Organizations: GOP, Republicans, Publicly, Kelly Armstrong of North Dakota, CNN, ”, Greenbrier, firebrand, Fox Business, House Homeland Security, Main, Caucus, Republican Governance Group Locations: West Virginia, South Carolina, Tennessee, Florida, Texas, Mark Green of Tennessee, Dusty Johnson of South Dakota, Stephanie Bice of Oklahoma

☆ The proposed TikTok ban has been deemed unconstitutional by some, but framing around national security could help advance it
▼ + stars: | 2024-03-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

Read previewThe widely-popular social media app TikTok is once again facing a possible ban in the United States over concerns about its links to China. "It is targeted to address the national security threat that we believe these apps, like TikTok, pose to the United States because of its ownership by a foreign adversary." "The First Amendment protects Americans' right to access social media platforms of their choosing," Krishnan said. Former President Donald Trump in Tulsa, Okla. AP Photo/Sue OgrockiTrump once supported a TikTok ban, but is now against itMeanwhile, Trump — whose administration tried to ban TikTok in the US — but was blocked from doing so in court after TikTok sued — has now come out against a ban for the app. "If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump argued on his social media platform, Truth Social, in a dig at Meta CEO and Facebook founder Mark Zuckerberg.

Persons: —, Donald Trump, Sarah Kreps, TikTok's, weaponize, Steve Scalise, Cathy McMorris Rodgers, McMorris Rodgers, Kreps, ByteDance, Krishnan, TikTok, Sue Ogrocki Trump, Trump, Zuckerschmuck, Mark Zuckerberg, Jenna Leventoff, Leventoff Organizations: Service, Business, Tech, Institute, New York's Cornell University, Foreign, ByteDance Ltd, Republican, GOP, House Energy, Commerce Committee, Fox Business, Columbia University, Columbia Law School, Chinese Communist Party, AP, Facebook, Meta, Commerce, American Civil Liberties Union, Center for Democracy and Technology Locations: United States, China, TikTok's Beijing, New York, Tulsa, Okla, TikTok

☆ Joe Biden's pre-election spending spree created an 'economy on speed,' economist says
▼ + stars: | 2024-03-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe economy is being artificially boosted by debt-fueled government spending and is heading for trouble bound, a veteran economist warned. The concentration of employment growth in those sectors shows the wider economy is "terribly dependent on government borrowing," Morici said. AdvertisementPoor competitionMorici also downplayed President Biden's declaration during his recent State of the Union speech that the US economy was the "envy of the world." It's widely assumed the Biden administration won't curtail its spending with an election in November, meaning more government jobs are likely to be created in the coming months.

Persons: —, You've, Peter Morici, Morici, he's, it's, Biden's, Biden Organizations: Service, University of Maryland, Fox Business, Business Locations: Russia, Ukraine, Israel, Gaza

☆ Biden could be the first president to deliver a State of the Union address during a shutdown
▼ + stars: | 2024-02-28 | by ( Betsy Klein | Haley Talbot | ) edition.cnn.com time to read: +4 min

CNN —When President Joe Biden convenes a joint session of Congress, his Cabinet, military leaders and Supreme Court justices for his highly anticipated State of the Union address next week, it’s possible that the government could be partially shut down – and barreling toward a full shutdown. Biden’s address, set for Thursday, March 7, falls between a pair of critical government funding deadlines. It would mark the first time a US president has delivered a State of the Union address during a government shutdown, partial or otherwise, and would reflect how an increasingly polarized Congress has repeatedly struggled to reach consensus on what was once a governing imperative. While it’s legally and logistically feasible for a president to deliver a State of the Union address during a partial shutdown, there are considerations about the message that doing so would send at home and around the globe. Trump ultimately delivered the address upon the conclusion of the 35-day shutdown.

Persons: Joe Biden, Biden, it’s, ”, Maya MacGuineas, “ It’s, Scott Perry of, Perry, “, Nancy Pelosi, Donald Trump, Pelosi, disinvited Trump, Trump, Mike Johnson, MacGuineas Organizations: CNN, Union, Veterans Affairs, Agriculture, Housing, Urban Development, Transportation, Energy, Republicans, White, Republican, Fox Business, Service, Department of Homeland Security, Louisiana Republican Locations: America, Congress, Scott Perry of Pennsylvania, Louisiana

☆ Nevada holds GOP caucuses with Trump poised to extend winning streak
▼ + stars: | 2024-02-08 | by ( Eric Bradner | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump is set to add a win in the Nevada Republican caucuses Thursday to his victories in Iowa and New Hampshire as he continues his march to his party’s 2024 presidential nomination. The state GOP opted to ignore the results of Tuesday’s state-run primary, and instead award its 26 delegates based on the results of Thursday’s party-run caucuses. The dueling contests are the result of a 2021 state law that scrapped Nevada’s presidential caucuses in favor of government-run primaries. A pair of ballot drop boxes are displayed at a voter center in Las Vegas during the Nevada presidential primary on February 6, 2024. The lack of competitive primaries in Nevada means major presidential contenders paid little attention to the Silver State.

Persons: Donald Trump, Trump, Trump’s, Nikki Haley —, Republicans aren’t, Haley, “, ” Haley, “ Trump, ” Trump, ”, Patrick T, Fallon, Trump loyalists —, Ryan Binkley, Tuesday’s, Joe Biden, CNN’s David Wright, Ethan Cohen, Terence Burlij Organizations: CNN, Nevada Republican, GOP, South Carolina Gov, Capitol, Republicans, US, Islands, Trump, South Carolina, Fox Business, Silver State, “, Getty, Nevada Republican Party, Trump loyalists, Republican National Convention, Biden Locations: Nevada, Iowa, New Hampshire, Nevada’s, Silver, Vegas, Las Vegas, AFP, Texas, South Carolina

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ A soft landing is now likely. But Americans will still deal with unaffordable housing
▼ + stars: | 2024-02-04 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

In a letter days before the Fed’s decision Wednesday to hold interest rates steady at a 23-year high, Democratic US senators blasted the central bank for America’s housing woes. In 2021 when the Fed’s key interest rate was near zero, home-price growth soared at a historic double-digit pace, according to the S&P CoreLogic Case-Shiller National Home Price Index. Divounguy said that the average 30-year fixed mortgage rate will likely not fall below 6% this year. That way we can actually start heading in the right direction with affordability and have that be sustainable and not just a short-term interest rate phenomenon,” she said. Richmond Fed President Thomas Barkin delivers remarks.

Persons: Valerie Plesch, Orphe Divounguy, Freddie Mac, it’s, Fannie Mae, Divounguy, ” Daryl Fairweather, Trump, Jerome Powell, Donald Trump, Powell, David Goldman, Alexandra Ross, ” Trump, Maria Bartiromo, Joe Biden, Estee Lauder, Tyson, Raphael Bostic, Eli Lilly, Loretta Mester, Walt Disney, Adriana Kugler, Thomas Barkin, Michelle Bowman, Ralph Lauren, Armour Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Democratic, Eccles Federal Reserve, Bloomberg, Getty, CNN, National Association of Realtors, Fox Business, Bureau of Labor Statistics, Trump, Fed, Caterpillar, Tyson Foods, P Global, Institute for Supply Management, Atlanta Fed, Toyota, UBS AG, Chipotle, Cleveland Fed, Walt, CVS, PayPal, Brands, Fox, The Carlyle, News Corporation, New York Times Company, Mattel, Spirit Airlines, US Commerce Department, China’s National Bureau of Statistics, ConocoPhillips, Unilever, Duke Energy, Expedia, Warner Music Group, Tenet Healthcare, Richmond Fed, Pepsico, Honda Locations: Washington, Washington , DC, CAVA

☆ Former Trump White House economic advisor lauds the US economy's performance under Biden: 'I was wrong'
▼ + stars: | 2024-02-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Trump's former White House economic advisor said that his predictions of a recession under Biden had been wrong. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump's White House economic advisor said the US economy was faring far better under President Joe Biden than he expected. Larry Kudlow said on Thursday that he had been wrong to predict an economic recession under the Democratic president. This story is available exclusively to Business Insider subscribers.

Persons: Biden, Larry Kudlow, Kudlow, —, Donald Trump's, Joe Biden Organizations: White, Service, Democratic, Fox Business, Business

☆ Trump Would Not Reappoint Powell as Fed Chief
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Former President Donald Trump said he would not reappoint Federal Reserve Chair Jerome Powell if Trump wins this year's presidential election, the Republican frontrunner told Fox Business in an interview aired Friday. "No I wouldn't," Trump said in response to a question on whether he would reappoint Powell, whose second four-year term as chair will expire in 2026. Trump said he believes Powell is going to lower interest rates to help President Joe Biden's prospects for re-election. "I think he’s going to do something to help the Democrats, if he lowers interest rates,” Trump said. Biden, a Democrat who beat Trump in the 2020 White House race, reappointed Powell to a second term in 2021.

Persons: Donald Trump, Jerome Powell, Trump, reappoint Powell, Powell, Joe Biden's, ” Trump, Biden, Dan Burns, Doina, Chizu Nomiyama Organizations: Reuters, Trump, Republican, Fox Business, White, Fed Locations: U.S, Iranian, Suez, Asia, Europe, South Africa

☆ 120 passengers on Cunard Cruise got sick with diarrhea and vomiting from an unknown cause
▼ + stars: | 2024-02-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Read previewMore than 100 passengers and some staff members sailing on Cunard Cruise Line's Queen Victoria ship fell ill from an unknown cause this month, according to the Centers for Disease Control and Prevention. The cruise ship was in Guatemala as of Tuesday, according to the itinerary, and is set to arrive in Honolulu around February 12. Cunard did not immediately respond to Business a request for comment from Business Insider. The agency said 100 people, including passengers and crew, got sick, with the main symptoms being vomiting and diarrhea. In January 2023, Cunard's Queen Victoria received a high sanitation score, 95 out of 100.

Persons: —, Cunard Cruise, Victoria, CruiseMapper, Queen Victoria, Cunard Organizations: Service, Cunard, Centers for Disease Control, CDC, Business, Cunard Cruise, Fox Business, Celebrity Cruises Locations: Fort Lauderdale , Florida, Aruba, Panama, Guatemala, Honolulu

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