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Billionaires' wealth hits new peak amid rising poverty, Oxfam says

Billionaire wealth surged at three times ‍its recent pace ​last year to reach its highest level on record, deepening economic and political divides that threaten democratic ⁠stability, anti-poverty gr...

5dFrance 24economicsImpact

Welcome to the era of the megamanager

Middle managers are taking on more direct reports after the "Great Flattening." dowell/Getty Images The average number of reports for managers is increasing as the "Great Flattening" p...

Jan 14Business InsidereconomicsImpact

David Ellison shakes up Paramount's data and insights team as his tech vision comes into focus

David Ellison's Paramount Skydance is putting data and insights front and center. Patrick T. Fallon/AFP via Getty Images David Ellison is making data a key pillar of Paramount Skydance. Paramount is b...

2dBusiness InsiderTechnologyImpact

Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building

Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...

Jan 14Business InsiderPoliticsImpact

Advice from 6 quant executives on succeeding in systematic trading — and in life

Geoffrey Lauprete is the head of Cubist Systematic Strategies. Jeff Yass founded proprietary trading firm Susquehanna International Group. Cubist; Susquehanna Competition for top quant talent has neve...

5dBusiness InsidereconomicsImpact

Point72 sells off stakes of fintech startups to Goldman Sachs and others

Steve Cohen is the owner of the New York Mets. Joe Raedle/Getty Images A new continuation vehicle has acquired stakes in Point72's fintech startups, a press release states. The new fund raised $280 mi...

Jan 14Business InsidereconomicsImpact

EV companies have one big problem — countries that can't keep their policy straight, says top BYD exec

A top BYD executive says countries are slowing the EV transition by changing policy too often. Asad/Xinhua via Getty Images Policy changes are slowing the global EV transition, a top BYD exec says. Co...

4dBusiness InsiderautomotiveImpact

A16z raise $15B! Jerome Powell vs Trump! Crypto remains flat! Special Guest: Dudas!

Crypto majors are mostly flat headed into Monday open; btc even at $90,600; eth +1% at $3,110, sol +2% at $140; xrp -2% to $2.04. Ip (+20%) and xmr (+15%) led top movers; xmr hit a new ath at $590. Fe...

Jan 12Decryptcryptocurrency

A look at the EU's 'Anti-Coercion Instrument' amid Greenland dispute with US

Trump on Saturday threatened to impose more tariffs on eight European nations until the US is allowed to buy Greenland, citing US national security concerns. EU governments are drawing up retaliatory ...

5dFrance 24PoliticsImpact

'Task' versus 'purpose': Nvidia CEO Jensen Huang explains why AI won't kill jobs.

Nvidia CEO Jensen Huang Steve Marcus/REUTERS Nvidia CEO Jensen Huang noted a key difference between tasks and your job's broader purpose. AI automates tasks but preserves the purpose of many jobs in k...

Jan 16Business InsiderTechnology

China Telecom develops country’s first MoE models trained entirely on Huawei’s AI chips

State-owned China Telecom has developed the country’s first artificial intelligence models with the innovative Mixture-of-Experts (MoE) architecture that are trained entirely on advanced chips from Hu...

4dSouth China Morning PostTechnologyImpact

UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification

UBS Group conveyed a sanguine outlook on Chinese stocks in 2026, as the world’s second-largest economy proved to be an important alternative for global investors seeking to diversify away from US equi...

Jan 13South China Morning Posteconomics

Wall Street is losing its appetite for Oracle's data center debt

Larry Ellison stands on stage to give a keynote during the company's 2025 conference. Robert Galbraith/Reuters Oracle and OpenAI's have plans to build $500 billion of data centers in a venture called ...

2dBusiness Insidereconomics

Protesters say 'unliveable to be a farmer in France today' as they condemn Mercosur deal

French farmers steered some 350 tractors on January 11 toward French Parliament to protest low incomes and an EU trade deal with South America that they fear threatens their livelihoods. They say thei...

Jan 13France 24PoliticsImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

Jan 14Business InsidereconomicsImpact

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...

Jan 13Business Insiderautomotive

Malaysia’s new expat salary rules dubbed ‘ridiculous’, stoking fears of talent drain

An effort to prod Malaysian employers into hiring more locals for white-collar jobs by doubling the minimum salary for foreign staff has caught expatriates cold and stirred anxiety among some firms ov...

3dSouth China Morning PostPoliticsImpact

Meta is closing its VR workplace app amid Reality Labs layoffs

Meta has made the decision to discontinue Workrooms as a standalone app Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Meta is switching off Horizon Workrooms as a stand-alone...

Jan 16Business InsiderTechnologyImpact

China-focused hedge funds surged in 2025. Here's who won big.

Chinese leader Xi Jinping and his ruling party have pushed to stimulate China's economy. Xie Huanchi/Xinhua via Getty Images Hedge funds betting big on China generated strong returns last year. Manage...

6dBusiness InsidereconomicsImpact

Trump hopes to chart course for Greenland to join the US as he head for Davos

Trump is arriving for the World Economic Forum at Davos on the heels of threatening tariffs on Denmark and seven other allies unless they negotiate a transfer of the semi-autonomous territory — a conc...

3dFrance 24PoliticsImpact
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