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5 mins read

Why the interest-rate cut isn't delivering the relief consumers were hoping for

The 10-year Treasury yield went above 4%, leaving consumers facing high borrowing costs despite the…

Dan DeFrancesco   


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2 mins read

Rate cuts were supposed to push mortgage rates lower. The opposite has happened.

Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since econom…

Matthew Fox   


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2 mins read

The job market is in the 'Twilight Zone,' top economist Claudia Sahm says

"One month does not make a trend, and even with the Federal Reserve cutting interest rates, a susta…

Jennifer Sor   


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2 mins read

Walmart is axing hundreds of corporate jobs and bringing remote employees into the office

The Wall Street Journal reported the retail giant is reorganizing its corporate footprint, asking w…

Shubhangi Goel   


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4 mins read

The job market may be strong, but tell that to anyone looking for work or feeling stuck

The strong job growth in September doesn't mean everything is wonderful for those wishing to find a…

Madison Hoff,Juliana Kaplan   


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2 mins read

Nvidia just recorded the biggest single-day wipeout by a US company

Nvidia stock fell 9.5%, shedding $278.9 billion in valuation. The loss is tied to concerns that inc…

Shubhangi Goel   


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2 mins read

The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says

The US recession many forecasters have been calling for isn't going to materialize anytime soon, ac…

Jennifer Sor   


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2 mins read

Apple is cutting in on Microsoft's dance with OpenAI

Apple is reportedly considering investing in OpenAI. That could further tread on the toes of Micros…

Jordan Hart   


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3 mins read

Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'

In May, the CEO said Klarna had saved millions by "spending less on photographers, image banks, and…

Lian Kit Wee   


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6 mins read

A Gen Xer with an MBA can't get a job despite over 1,500 job applications. He said his degrees have been useless.

Despite having an MBA, Marcial Quinones said he hasn't been able to secure a stable full-time job a…

Noah Sheidlower   


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2 mins read

Stock market today: US stocks jump after blowout September jobs report

"On the face of this the Fed should be hiking rates with these sorts of figures, not cutting rates,…

Matthew Fox   


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2 mins read

Gold prices today: Yellow metal climbs Rs 230 while silver jumps Rs 700

Globally, spot gold at Comex was trading at USD 2,312 per ounce, up USD 11 from the previous close.…

PTI   


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2 mins read

The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says

The Fed is most likely cutting rates once in September, Vanguard predicted. Markets are still antic…

Jennifer Sor   


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2 mins read

Stock market today: Indexes slip as bond yields jump after strong jobs data

"We can't rule out 'higher for longer' making a comeback this winter," Yardeni Research said of the…

Matthew Fox   


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6 mins read

Even millennials are getting too old to land a tech job

It's official: The ranks of tech workers under 25 are rising, while the share of workers over 40 is…

Amanda Hoover   


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4 mins read

India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses

According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…

Business Insider Latest Story Image
3 mins read

The Fed's interest-rate cut put Trump even more at odds with the central bank

Donald Trump has argued that the Fed would only cut interest rates close to the election to help hi…

Ayelet Sheffey,Brent D. Griff…   


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2 mins read

RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that ext…

ANI   


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5 mins read

Applying to jobs is tough, try doing it 2,200 times

Although unemployment is still relatively low, the job market is tough to crack. Take it from Kevin…

Dan DeFrancesco   


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1 min read

The inflation report dashes hopes of a jumbo rate cut next week

Interest rate cuts are probably coming this month, and August inflation numbers are the last big pi…

Madison Hoff