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Apple's electric car crash shows even a $2.8 trillion company can't burn cash forever

The tech giant is reportedly dropping its secretive car project at a time when AI and mixed reality…

Hasan Chowdhury   


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US budget deficit blows out 64% as the nation burns cash like a 'drunken sailor'

The US budget deficit jumped to $2.3 trillion in the 12 months through June – that's a 64% increase…

Zahra Tayeb   


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A 4,400,000% return and a $168 billion cash pile. Here are 6 juicy nuggets from Warren Buffett's new letter.

Warren Buffett's Berkshire Hathaway disclosed a $168 billion cash pile, which is more than Uber, Wa…

Theron Mohamed   


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3 mins read

More unicorns focused on profitability now than just burning cash as funding winter sets in

More unicorns are turning a profit, with Molbio Diagnostics topping the charts with a profit of $46…

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4 mins read

Tough times will make startups go for ‘hero teams’, slash ad budgets and focus on profits

The anticipation of a rough funding winter may make Indian startups more conscious about their spen…

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3 mins read

Homebuilders are fronting thousands of dollars in cash to help buyers reduce their mortgage rate and make homes more affordable

Over 75% of new construction home builders are fronting the cost for mortgage buydowns to attract b…

Robert Davis   


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4 mins read

Flipkart Wholesale business woos mom-and-pop stores in tier-2 cities

Flipkart Wholesale, the e-commerce giant's unit targeting Indian kirana stores with an omnichannel …

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2 mins read

Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'

Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…

PTI   


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The UK is burning through cash amid the energy crunch and risks stagflation unless it pushes through these growth hurdles, Mohamed El-Erian says

The UK risks stagflation unless it can push past these hurdles to its economic growth, according to…

Jennifer Sor   


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4 mins read

Uber is draining its cash-burning Pool

In this week's Insider Tech we look at the future of shared rides at Uber, Amazon's meditation boot…

Alexei Oreskovic   


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2 mins read

CEOs warn that US households are burning through savings at an alarming rate, and could run out within months

American consumers gained an estimated $2.5 trillion in excess savings during the pandemic, but ris…

Dominick Reuter   


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3 mins read

Expensive housing is the reason the planet is burning, the rich are getting richer, and women are choosing to have fewer children

The housing market sits at the center of several economic battles. Building more of it can shape a …

Ben Winck   


Kylie Robison   


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3 mins read

Here's why 2023's stock rally could fizzle out and end up burning bullish investors

Insider's Phil Rosen breaks down the recent surge in equities and why macro factors may ultimately …

Phil Rosen   


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3 mins read

Here's how to stop the cost of Christmas from burning a big hole in your wallet

It can be very difficult to limit spending in the holiday season. Four personal finance experts rev…

Ryan Hogg   


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2 mins read

Mike Lindell says he had to borrow $10 million last year to keep MyPillow afloat and is running out of cash, too

Lindell told Insider he also sold a building for $2 million, and had to borrow another $2 million i…

Cheryl Teh   


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'Big Short' investor Michael Burry predicted a cash crunch. A top JPMorgan banker says that painful problem is fueling a banking crisis

Michael Burry warned Americans were saving less, borrowing more, and cracking open their pandemic p…

Theron Mohamed   


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1 min read

A 15-year-old suffered hot oil burns while using a deep fryer at a McDonald's restaurant in Tennessee, the Labor Department says

The McDonald's restaurant was assessed a $3,258 penalty for allowing the minor to remove fries manu…

Grace Dean   


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As funding gets tough, e-commerce giants are lowering ‘cash burn rate’

Because of investors tightening the ropes of their money bags, consumer internet companies are tryi…

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SVB plummets 60% after higher interest rates spark billions in losses on a $21 billion bond portfolio

A year of Fed interest rate hikes seriously hurt the financial profile of SVB, and the pain could c…

Matthew Fox