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Business Insider

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What you want to know about business. Follow us on Facebook, Instagram and YouTube. Visit our homepage for the top stories of the day: https://www.businessinsider.com

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The latest Messages 29

2022-04-02 15:54:39
Amazon workers at a warehouse in Staten Island are the first in the company's history to successfully form a union, a labor organizing milestone and a major blow to Amazon's efforts to keep unions out of its facilities.

Putin's war in Ukraine is set to wipe out 15 years of economic growth and send the Russian economy plummeting back to the dark days following the fall of the Soviet Union.

For anyone wondering what Truth Social — Donald Trump's new social media app — is really like, Insider used the app for a week and here is what we found. In summary, the app is a ghost town that lacks functionality, content, and any prominent conservative voices — not even Trump is an active user.

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8.3K views12:54
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2022-04-01 16:52:27
The West is doing its best to cripple Russia's economy with sanctions, but the Kremlin is still making good on its debt.

The US created 431,000 jobs in March, missing forecasts as the economy faced even-higher inflation.

Meanwhile, more than 20,000 bankers and traders are sleeping in their offices in China's Wall Street amid a strict COVID-19 lockdown.

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7.7K viewsedited  13:52
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2022-03-31 20:46:48
Russia will halt natural gas supplies to "unfriendly countries" that don't pay in rubles starting April 1, President Vladimir Putin said Thursday.

There’s also a new "asset tracker" that lists the wealth of Russia's elite. Eleven Russian oligarchs and politicians own at least $17.5 billion in combined assets, according to the tracker. See how much their planes, mansions, and yachts are worth.

Meanwhile, a chief economist who called the 2008 housing crisis is warning that the US housing market is in the “early stages of a substantial downshift” as demand subsides — and says surging home prices and rents are due to cool off in a big way. Another economist advises buyers to sit out the current “irrational” market and breaks down the eleven most overvalued cities in the US.

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7.8K views17:46
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2022-03-30 18:40:16
Despite tensions between US and Russia, US astronaut Mark Vande Hei set off Wednesday to return Earth on a Russian space capsule.

Vande Hei spent 355 days in the International Space Station (ISS) — the longest ever trip in low-Earth orbit.

While back in Ukraine, the governor of the Chernihiv region said Russian forces hit the city of Chernihiv "all night long" despite pledging hours earlier to wind down attacks.

Russia's deputy defense minister, Alexander Fomin, told reporters on Tuesday that the armed forces would "drastically reduce military activity in the Kyiv and Chernihiv direction," claiming the decision was made to help with peace negotiations.

And lastly in the world of tech, a former employee at DeepMind, the artificial intelligence company owned by Google, publicly accused the the firm of mishandling complaints of sexual harassment and assault, and bullying.

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7.8K views15:40
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2022-03-29 19:11:14 Ukraine has offered to never join NATO and remain neutral in exchange for significant security guarantees, as Ukrainian and Russian representatives met for a new round of peace talks in Istanbul on Tuesday, per Reuters.

JPMorgan won a court order authorizing the seizure of a Russian oligarch's $75 million superyacht in Gibraltar, Bloomberg reported. Gibraltar's government told Insider that the bank "is acting pursuant to its mortgage rights."

Meanwhile, the FDA has authorized 2nd booster shots of Pfizer and Moderna COVID-19 vaccines for older adults and immunocompromised people.

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8.1K views16:11
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2022-03-28 16:49:52
Russian oligarch Mikhail Fridman has hit back against sanctions targeting him and other billionaires. He says he doesn't have any way to deliver messages to the country's president, Vladimir Putin. Fridman said he learned about sanctions against him when he was watching TV.

Elon Musk, a longtime skeptic of vaccine mandates, says he appears to have COVID-19 "again." The billionaire has previously criticized public health measures aimed at curbing the spread of the coronavirus and promoted misinformation such as insisting it wasn't very deadly.

From markets, could China's yuan eventually could become a global reserve currency? Western sanctions against Russia have underscored the power of the US dollar and the risk of heavily relying on it. Because of this, China's yuan has a chance of becoming a global reserve currency for countries looking to diversify their risks. Here's what China would have to do to make this happen.

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8.8K views13:49
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2022-03-25 19:28:20
Sanctions and a collapsing ruble have financially frozen Russians, many of whom are trying to flee. Moscow insiders describe their feelings of panic, frustration, and shame as their country gets cut off from the global economy.

Meanwhile, a leading IPO banker in Moscow says it may be decades before the market witnesses another Russian listing.

And a report says sanctioned Russian oligarch Roman Abramovich is house-hunting on a luxury island in Dubai, where there aren't any sanctions.

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10.6K views16:28
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2022-03-22 19:05:07
The European Union last week sanctioned 15 Russians — 14 men and one woman — as it broadened a crackdown on the country's elite in the wake of the Ukraine invasion. It says Roman Abramovich has "close ties" to Putin, and German Khan traded favors with him.

Former President Donald Trump said he would send nuclear submarines to go “up and down” Russia's coast to pressure Putin. Trump said he heard Putin "constantly using the n-word" — the "nuclear word" — during their talks.

Meanwhile, as Russia moves to nationalize foreign companies exiting its market, the UK prepares to nationalize a major Russian natural gas supplier.

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12.6K views16:05
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2022-03-20 18:48:23
In tech, a lawsuit accuses Google of systemic racial bias against Black employees, alleging that it pays them less and denies them opportunities.


Facebook, Instagram, the BBC, and many other sites are blocked by the Russian state and Russian ISPs. Here is what the internet looks like for Russians right now.

Insider used the Open Observatory of Network Interference (OONI) explorer and worked with OONI's researchers and analysts at Top10VPN to see what the internet looks like for users inside Russia.

People worldwide are using an online tool to send messages about the Ukraine war to random Russians to warn them of what is truly going on. Meet the army of volunteers who are trying to beat Putin's censorship.

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12.3K views15:48
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2022-03-16 20:15:33
In the world of tech, Ramesh "Sunny" Balwani is finally getting his day in court. The former president of Theranos and ex-boyfriend of the company’s founder and CEO, Elizabeth Holmes, is accused of the same 12 crimes as her.

Insider’s Adam Lashinsky breaks down why he’s pretty much screwed.


The latest update in the invasion of Ukraine was today’s emotional address by President Zelenskyy to the US Congress for a no-fly zone, saying Russia has 'turned the Ukrainian sky into a source of death’.

Zelenskyy spoke to Congress Wednesday morning to appeal for more military assistance in his country's fight against Russian forces. 

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13.3K views17:15
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