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Citi CFO says a credit card cap would have a 'deleterious' impact on the economy

Citi reported fourth-quarter earnings on Thursday. Mike Kemp/In Pictures via Getty Images Citi's CFO Mark Mason said Trump's proposed credit card cap would have a 'deleterious' impact on the economy. ...

Jan 14Business InsidereconomicsImpact

We want to hear how Gen Z's shopping habits are changing. Tell us in this survey.

Young people are increasingly shopping secondhand. NurPhoto/NurPhoto via Getty Images The secondhand fashion and luxury market has surged and is forecast to keep growing in 2026. Gen Z is driving some...

4dBusiness InsiderlifestyleImpact

Take a look at the fanciest private jets and government aircraft that took the rich and powerful to Davos

Private jets and other VIP aircraft at Zurich Dübendorf Airport on Tuesday. ENNIO LEANZA / AFP Some of the world's fanciest aircraft descended on Switzerland this week. Business Insider tracked some o...

4hBusiness InsidereconomicsImpact

David Sacks calls California wealth tax 'an asset seizure,' says it's 'not a one-time, it's a first time'

AI czar David Sacks Alex Brandon/AP White House AI czar David Sacks criticized the possibility of a California wealth tax. If the tax is ultimately approved, he said it will be "the beginning of s...

2dBusiness InsiderPoliticsImpact

Capitalism as we know it is having an identity crisis — and you're caught in the middle

Getty Images; Tyler Le/BI From Davos to Washington to America's high school classrooms, people are questioning the foundations of our economic system — and we at Business Insider are tracking wh...

2dBusiness InsidereconomicsImpact

Executives' favorite explanation for spending big on AI: FOMO

JPMorgan's CEO Jamie Dimon Noam Galai via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here . If you're ...

Jan 14Business Insidereconomics

Read the memo TikTok's CEO sent staff after closing a deal to avoid a US ban

TikTok's CEO Shou Chew Tom Williams/CQ-Roll Call, Inc via Getty Images TikTok has finalized a deal to keep its business operating in the US. The deal, a US joint venture, involves a new set of investo...

1dBusiness InsiderPoliticsImpact

America's homebuilding is powered by immigrant workers. Here are the places that rely on them the most.

The cities building the most homes rely more heavily on immigrant labor. Allen J. Schaben / Los Angeles Times The cities that build and remodel the most homes rely the most heavily on immigrant worker...

6dBusiness Insiderreal_estateImpact

Musk is asking for up to $134 billion in his legal battle against OpenAI and Microsoft

Elon Musk erupted at the EU all weekend, blasting Brussels over censorship and bureaucracy after X was hit with a major fine for "fake" blue checkmarks. AP Photo/Evan Vucci, File A court filin...

6dBusiness InsiderTechnologyImpact

Bilt unveils credit cards with 10% interest rate for first year after Trump calls for cap

Bilt Rewards CEO Ankur Jain Taylor Hill/Getty Images Trump has called for a 10% cap on credit card interest rates. Bilt is rolling out a new suite of 3 credit cards offering 10% interest for the first...

Jan 14Business InsidereconomicsImpact

Why Democrats are gearing up to oppose a bill to curtail stock trading in Congress

"This bill is a scam. It is not a congressional stock trading ban," Rep. Alexandria Ocasio-Cortez told Business Insider. Tom Williams/CQ-Roll Call, Inc via Getty Images A GOP-backed bill to cu...

Jan 17Business InsiderPoliticsImpact

ACA health insurance enrollment dropped by 1.4 million. See which states had the biggest swings.

Millions are at risk of losing health insurance without Affordable Care Act subsidies. The Washington Post/The Washington Post via Getty Images 1.4 million fewer Americans enrolled in ACA marketplace ...

Jan 17Business InsiderHealthImpact

Renaissance, Schonfeld, and Engineers Gate stung in a shaky start for quants in 2026

An Indian broker reacts while trading at a stock brokerage firm in Mumbai, January 22, 2008. Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and prom...

21hBusiness InsidereconomicsImpact

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they'...

3dBusiness InsiderPoliticsImpact

Google cofounder Larry Page reportedly bought multiple Florida properties ahead of proposed California billionaire tax

Google cofounder Larry Page reportedly purchased property in South Florida. EMMANUEL DUNAND/AFP/GettyImages Google cofounder Larry Page bought property in Florida amid California's proposed billionair...

Jan 16Business Insidereconomics

Millionaires ask leaders at Davos to tax the rich

The Swiss resort town of Davos hosts the World Economic Forum each January, bringing together politicians, policymakers, and business executives. Christian Hartmann/Reuters Nearly 400 wealthy individu...

3dBusiness InsiderPoliticsImpact

Martin Luther King Jr. was talking about a universal basic income before it was cool

Martin Luther King Jr. fought for both racial and economic equality. Michael Ochs Archives/Getty Images Martin Luther King Jr. fought for both racial and economic equality during his life. He argued f...

5dBusiness InsidereconomicsImpact

'Bond King' Bill Gross says the record stock rally is at risk of stalling — and tells us what could keep the party going

Bill Gross Mary Hurlbut/Stu News Laguna Bill Gross says the record stock rally needs fresh support to sustain its momentum. "Valuation casts a shadow over markets in 2026," the bond billionair...

1dBusiness InsidereconomicsImpact

What we know about who's buying TikTok's US business

Oracle's CTO Larry Ellison, TikTok's CEO Shou Chew, and Michael Dell. Andrew Harnik/Getty Images; Anna Moneymaker/Getty Images; Andrew Caballero-Reynolds/AFP via Getty Images TikTok's owner has closed...

21hBusiness InsiderPoliticsImpact

Ford is so desperate for mechanics it's giving some of them free tools and Carhartt gear

Ford can't find enough mechanics to service its new cars. It's trying to create a pipeline of young workers with Carhartt. Anna Moneymaker/Getty Images Ford and Carhartt entered into a three-pronged p...

Jan 14Business InsidereconomicsImpact
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