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Economics at businessinsider.com

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23

The stark contrast between Meta and Tesla earnings reactions reveals the uncanny power of Musk's promises

Elon Musk managed to turn around Tesla's stock slide with a couple promises.

Justice Ketanji Brown Jackson warns of the Oval Office turning into a 'crime center' if Trump gets the sweeping immunity he wants

Ketanji Brown Jackson expressed fear of what sweeping immunity for former presidents would mean for the future of the presidency.

Supreme Court justices dance around question of whether Trump could pardon himself if he wins reelection

Justice Alito asked whether every president could just pardon themselves right before leaving office.

22

2 founders of a crypto mixer charged with laundering funds from the dark web

Prosecutors say Samourai Wallet, which anonymized crypto transactions, laundered hundreds of millions of dollars for criminals on the dark web.

Trump's lawyer says presidents could get away with crimes if they aren't discovered until after they leave office

As the saying goes: It's not the crime; it's the cover-up. If former President Donald Trump gets his way, a good cover-up will be enough.

Supreme Court might not give Trump sweeping immunity — but it's likely to give him the one victory he wants

A majority of justices appear to want to create a standard of presidential immunity that will take time to craft and even more time to implement.

21

The US economy may be barrelling towards stagflation, an outcome worse than recession

As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.

20

Billionaire's million-dollar Nantucket beach house has officially been swept away

Billionaire investor Barry Sternlicht's Nantucket beach house has been demolished due to severe erosion.

Walmart's CEO, who started on the company's loading docks, shares 3 tips for how to move up the corporate ladder

Walmart CEO Doug McMillon started at the company 40 years ago earning $6.50 an hour on the loading docks. He shared his career tips with Stratechery.

19

Trump lawyer tells SCOTUS that president could have immunity after ordering military to assassinate a political rival

Trump's lawyers are arguing in front of the Supreme Court that presidential immunity protects him from criminal prosecution.

18

Baby boomers are approaching 'peak burden' on the economy

A wave of retiring baby boomers means the generation will soon reach "peak burden" on the US economy, economists say.

Designers share the 5 things that could be making the outside of your house look worse

Curb appeal, or a lack of it, can have a big impact when selling a home. So, designers shared the things making the outside of your home look worse.

Mark Zuckerberg and Tim Cook have had a rivalry for years. Here's what they're fighting about now.

Apple CEO Tim Cook and Meta CEO Mark Zuckerberg have been feuding since at least 2014, trading barbs over each other's products and business models.

Southwest is leaving 4 cities this year as it deals with Boeing's 737 Max crisis — see the list

Southwest said it expected to receive just 20 Boeing 737 Max 8 jets this year, forcing it to leave some markets and slash capacity in others.

17

A rate cut in June is still on tap because the job market is weakening, Citi economist says

Hiring activity could see a substantial slowdown later in the year, Citi economist Veronica Clark said.

16

You can get a crazy good deal on a used Tesla from Hertz right now — but know these risks

A slew of supercheap Teslas newly listed on Hertz's website as low as $20,000 might be too good to be true.

Legal experts say the TikTok divest-or-ban bill could stand up in court despite being a free-speech disaster

TikTok has a strong First-Amendment argument to challenge Congress' divest-or-ban bill. It may still lose in the courts anyway.

15

The US economy started the year much slower than expected

The US economy began 2024 with cooler growth than the forecast. In the first quarter of this year, real GDP rose at an annualized rate of 1.6%.

14

Mark Zuckerberg's wealth may slide $25 billion in a day as Big Tech faces $350 billion sell-off

Meta shares tumbled ahead of Thursday's opening bell, paving the way for a big chunk of Mark Zuckerberg's net worth to be erased.

The Supreme Court is about to hear Trump's 'absolute immunity' arguments in a case that could kill his January 6 indictment

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president.

Ford hopes cheaper electric cars can convince EV skeptics — just like Tesla

CEO Jim Farley confirmed that the company is working on new affordable EVs that could be priced between $25,000 to $30,000,.

The US is under pressure to lead the way in reducing plastic pollution — but it keeps making more of it

World leaders are negotiating a treaty to end plastic pollution, and the US is under pressure to step up.

Mark Zuckerberg thinks AI is Meta's future. Not everyone is convinced.

Meta's plans to keep spending "aggressively" on AI research seems likely to test investors' patience despite Zuck's promises of revenue gains.

13

Some Gen Zers would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned

Some Zoomers would rather take their chances with a new social media platform than suffer the "humiliation ritual" of Instagram Reels.

Jeff Bezos' hard-driving approach is good for business but may lack empathy, Harvard professor says

How did Jeff Bezos's leadership style help Amazon become the global trillion-dollar giant that it is today? A Harvard Professor broke down his thoughts.

Meta shares plunge as Mark Zuckerberg's AI push spooks investors

Meta stock fell as much as 15% in after-hours trading on fears about the costs of its AI drive and lackluster revenue guidance for the second quarter.

Nearly 1,300 stores are closing across the US in 2024. Here's the list.

Family Dollar plans to close at least 600 locations in 2024, and eight other retail chains are shutting stores for a variety of reasons.

Billions of dollars of Ukraine aid are set to be spent in the US. Here are the cities that could get a boost.

The recently approved US aid to Ukraine could help create American jobs. Here are some of the cities that may benefit.

12

I got my dream job at Apple on my fourth attempt. Here's why I left the 6-figure job after only 2 years.

A software engineer landed his job at Apple by showcasing his side hustles – then left to pursue running them full-time.

09

Jefferies CEO sold $65 million in stock to buy a yacht from a client

He's buying a Westport 164 from his friend and Jefferies client Tilman Fertitta.