Economy

Economy 2023-09-04T15:49:38Z
Marsha Wipperman

A mom took out over $77,000 in student loans to send her son with autism to college. He got his debt wiped out — but she's still paying hers off with no end in sight.

Marsha Wipperman wanted to give her son the best life possible, even if it meant taking on parent PLUS student loans. Now she just wants relief.
Economy 2023-09-04T15:05:52Z
college grads

The 31 colleges with the best bang for your buck

Not all bachelor's degrees are created equal. These four-year institutions have the best return on investment.
Economy 2023-09-04T14:34:10Z
Kevin O'Leary

Kevin O'Leary warns of economic chaos, with the Fed's aggressive rate hikes set to crush small businesses

The "Shark Tank" investor is worried about the impact that the central bank's tightening campaign could have on small businesses.
Economy 2023-09-04T14:24:25Z

ChatGPT may be coming for our jobs. Here are the 10 roles that AI is most likely to replace.

It's getting clearer that AI like ChatGPT could displace white-collar workers the most. Here are the positions that could see the biggest change.
Economy 2023-09-04T13:01:00Z

A 22-year-old making $144,000 from 2 full-time remote jobs explains why he's willing to take the risk — and shares 5 strategies for getting away with it

The Gen Zer secretly works two full-time remote jobs. He said he uses five strategies to juggle both roles and not get caught.
Real Estate 2023-09-04T11:20:01Z

Architects explain how they're turning office buildings into apartments with high ceilings and more natural light

Discover how old office buildings are being made into luxury apartments through the perspective of multiple architects working on projects today.
Economy 2023-09-04T10:54:19Z

Never mind deflation and the property crisis - a brain drain could be the next big threat to China's economy

Net emigration has jumped in recent years, with tens of thousands of wealthy people choosing to leave China.
Economy 2023-09-04T10:50:01Z

A millennial who bought his first rental home at 23 explains the one costly mistake first-time homebuyers should avoid

Ryan Chaw, 31, worked long hours so he could buy a home in his twenties. It paid off, but he made one big homebuying mistake.
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Economy 2023-09-04T10:30:01Z

Why student-loan borrowers could face a 'perfect storm' of obstacles once payments resume next month

From bureaucratic hurdles to a lack of broad student-loan forgiveness, experts told Insider borrowers are facing a tough repayment road ahead.
Economy 2023-09-04T09:38:10Z

One economist still feels a recession is looming — because corporate borrowing costs could shoot up, thanks to rising interest rates

About a quarter of US investment-grade debt is maturing from 2023 to 2025, Bloomberg reported, citing data from Fidelity.
Economy 2023-09-04T04:08:51Z

Russia says it will not let foreign banks exit the market easily — unless they unfreeze Russian assets

President Vladimir Putin's regime continues to impose an increasing number of punitive measures on companies trying to exit the Russian market.
Economy 2023-09-03T19:49:28Z

7 ways to use ChatGPT at work to make your job easier

OpenAI's ChatGPT can help you analyze data, write code, schedule tasks, and even land your next job.
Economy 2023-09-03T12:30:01Z

Russia's massive brain drain is ravaging the economy - these stunning figures show why it will soon be smaller than Indonesia's

By some estimates, 86% of those who have left Russia are under the age of 45, and 80% have a college education.
Economy 2023-09-03T12:00:01Z

A Florida Gen Xer refused to go back to the office in California. He says he was 'quiet fired' and explains how to know if it's happening to you.

Stephen Taylor didn't want to move from Florida to California to return to office work. He says he was quiet fired and explains how it felt.
Economy 2023-09-03T10:30:01Z

A remote worker's employer said he had to live near the office. So he took a $35,000 pay cut in exchange for his work-from-home freedom.

Jay faced a tough choice: live less than two hours from the office, or take a new job with a pay cut.
Careers 2023-09-03T07:30:01Z

You're more productive in the office, say elite CEOs. Data seems to back them up.

Bosses such as Mark Zuckerberg are telling employees to come back to the office, often citing vague reasons. Here's what top WFH researchers say.
Economy 2023-09-02T11:40:00Z

Cost of living in 10 of California's major cities, ranked cheapest to most expensive

San Jose and San Francisco are expensive California cities to live in, according to price data for the second quarter of this year.
Economy 2023-09-02T11:30:01Z

Student-loan borrowers are facing new bills next month — but minor paperwork errors and lost payments are causing 'a lack of clarity about absolutely anything'

The student-loan payment pause might be over, but some borrowers still don't know what their monthly payments will look like in October.
Economy 2023-09-01T15:36:48Z

The US jobs market stayed strong in August

The labor market was robust, adding 187,000 jobs in August. The job growth in August was greater than the growth in July.
Economy 2023-09-01T15:15:58Z

It would be a 'miracle' to escape a recession and the erosion of credit is similar to 2008, top economist David Rosenberg warns

"We've had the biggest interest rate shock since 1981, Rosenberg said, noting that a severe recession followed in 1982.
Economy 2023-09-01T14:18:40Z

The White House blasts Marjorie Taylor Greene for risking Americans' 'high stakes needs' by saying she'll only vote to fund the government if Congress moves forward on impeaching Biden

Along with an impeachment inquiry, Rep. Greene said she will not vote to prevent a government shutdown unless funding for Ukraine is cut.
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Economy 2023-09-01T11:32:43Z

Huge government spending is undermining the Fed's inflation battle, markets guru Larry McDonald warns

"Washington is stepping on the gas and the brakes at the same time," the Bear Traps Report founder said on Thursday.
Economy 2023-09-01T10:30:01Z

Companies are shuffling people around more than they were a year ago. Here's how to know what your reassignment really means.

Companies are reassigning many roles within their organizations. Here's what that usually means for you as you navigate the corporate world.
Economy 2023-09-01T10:03:01Z

Millions of student-loan borrowers' balances are now starting to grow again after over 3 years

On Friday, interest on federal student-loan borrowers' balances once again started to accrue. Monthly bills will become due one month later.
Economy 2023-09-01T01:11:16Z

Want to know how to get ready for the rise of AI? Dig into the past.

Experts are looking to past technological disruptions to help predict how the rise of generative AI could impact workers of the future.
Economy 2023-08-31T20:40:09Z

If you work remotely, your bosses are probably using software to track you. Here's how they'll catch you slacking off.

Bosses use employee-tracking software to catch remote workers slacking off on the job. We asked one tracking company what their technology does.
Economy 2023-08-31T20:35:00Z

A Gen Zer living in a microstudio in Dubai says it's changed how she shops, cleans, budgets, and socializes

Living in Dubai is expensive, so one Gen Z content creator chose a 350-square-foot apartment that costs just $7,700 a year.
Tech 2023-08-31T19:15:18Z

Apple's Vision Pro and Meta's Quest headsets are poised to make the virtual workspace a reality — if they can get past the buyer hurdles on price and quality

Meta and Apple say their mixed-reality headsets, the forthcoming Quest 3 and Vision Pro, could offer a virtual workplace. Here's how that may look.
Economy 2023-08-31T17:44:04Z

Struggling US households may soon max out their credit cards as banks get skittish

"Credit card borrowing costs are the highest since records began in 1972 so there is going to be a lot of pain out there," ING Economics said.
Economy 2023-08-31T17:17:33Z

China's economy isn't on the verge of collapse, and markets are overlooking these indicators, China Beige Book says

There has been a rebound in car, furniture, appliance and luxury purchases, said Shehzad Qazi, managing director of China Beige Book.
Economy 2023-08-31T16:03:38Z

Women are working at record levels. Remote work, stay-at-home dads, and the gender pay gap will keep it that way.

Remote work and the rise of stay-at-home dads have boosted many women's careers — and the gender pay gap means many will keep working longer.
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Economy 2023-08-31T15:53:51Z

Russia is demanding Norway pay up to $4.4 million in compensation after 42 Norwegian reindeer wandered across the border

Norway is now repairing a fence dating from 1954 that prevents reindeer from crossing into Russia.
Economy 2023-08-31T15:27:57Z

As Hawaii mourns its dead, 'disaster vultures' are swooping in to make a quick buck

After Hurricane Ian struck Florida, disaster investors swooped in to prey on vulnerable families and turn a quick profit on their damaged homes.
Economy 2023-08-31T15:01:00Z

Biden's asking Congress for a budget Band-Aid. It'll make student loan repayment easier, secure Social Security and food benefits — and avoid a government shutdown.

The Biden administration is asking Congress for continued funding to keep Social Security running and low-income babies fed.
Economy 2023-08-31T14:07:49Z

A California homeowner fixed up her converted garage and rents it on Airbnb. It now pays for her mortgage.

A California homeowner explains how she converted a garage into a rental apartment. Now her Airbnb pays her mortgage each month.
Economy 2023-08-31T11:54:43Z

2,300 student-loan borrowers are getting $72 million in debt wiped out after being 'cheated' by their school, Biden's Education Department says

The Education Department announced it would be wiping out student debt for borrowers who said they were defrauded by Ashford University.
Economy 2023-08-31T11:41:46Z

The US is likely to dodge a recession in a dream soft-landing scenario, Morgan Stanley's top economist says

"Boy, the data are surprising to the upside," the bank's global chief economist Seth Carpenter said Wednesday.
Economy 2023-08-31T10:24:22Z

China's economic woes mount as manufacturing continues to shrink

China's factories have been struggling for months because of a slump in global demand and reduced domestic consumer spending.
Careers 2023-08-31T10:21:23Z

Companies like Goldman Sachs may want workers back in the office full-time, but most US execs think hybrid working is here to stay, study finds

US executives predict growth of remote and hybrid work over the next five years, the Survey of Business Uncertainty found.
Economy 2023-08-31T09:24:09Z

'Shark Tank' investor Kevin O'Leary says it's weird there's no recession yet — and predicts mortgage rates will exceed 8%

Higher interest rates haven't caused a recession or spike in unemployment yet, but Americans should put some cash on the side, Kevin O'Leary says.
Careers 2023-08-30T22:38:24Z

Just under half of North American office-goers came in for less than 6 hours a day in the first half of 2023

Office occupancy rates in North America peaked at an average of 35% a week in the first half of 2023, according to a study by Basking.
Economy 2023-08-30T19:57:03Z

An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy

The strength in Nevada's casino industry could serve as a broader signal to investors that the US economy is doing just fine.
Economy 2023-08-30T17:20:15Z

The ruble is failing — and now more Russians are cutting back on buying basic goods like food and toothpaste as prices jump

Earlier this month, the Russian ruble plunged to a 16-month low against the US dollar amid Russian President Vladimir Putin's war on Ukraine.
Economy 2023-08-30T16:07:20Z

No one can agree on whether remote work is making employees more productive

A report from Goldman Sachs looked at research on how remote work affected productivity. Some studies showed gains, while others suggested losses.
Economy 2023-08-30T15:57:14Z

If you make less than $55,000, the Labor Department wants you to start getting overtime pay

Before, workers making under $36,000 were eligible for time and a half. Now the DOL wants people making under $55,000 to get that boost.
Economy 2023-08-30T15:48:04Z

Saving $100 a week from age 25 could give you over $1 million when you retire

Putting aside $100 a week at 25 could give you $1 million by 65, thanks to the power of compound interest.
Economy 2023-08-30T15:33:41Z

China's economy is entering a 'structural hard landing' as growth will remain low

China's economic growth will stay under 5% at least through the end of 2024, according to TS Lombard strategists.
Finance 2023-08-30T13:45:07Z

Single people in Hawaii need to make an average of $112,411 to get by, a study has found. Here's how US living wages compare in the most expensive states.

Single people need an annual paycheck of $112,000 to make a living wage in Hawaii, an analysis by GoBankingRates found.
Economy 2023-08-30T13:39:32Z

15 cities where getting a graduate degree pays off the most

Cities in California, Utah, Alabama, and New Jersey have the largest income gap between holders of graduate degrees and those with a bachelor's.
Economy 2023-08-30T10:49:54Z

Biden's Education Department is taking the next step to get broad student-loan forgiveness to millions of borrowers

You could apply to be a part of Biden's next step to pass broad student-loan forgiveness after SCOTUS struck down his first attempt.
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