Business Insider

2022-03-15 19:59:08 Wealthy Russians are holding off on buying and selling homes right now. For some, sanctions against Russian banks make money made from a sale nearly impossible to deposit. And some owners believe an asset, like a home, is easier to protect from seizure than cash.

Meanwhile, a $700 million superyacht owned by the sanctioned oligarch Roman Abramovich is sailing toward his other $600 million vessel in the Mediterranean.

And in China, President Xi Jinping's plan to make the country economically independent has been kicked into warp speed by Putin's invasion of Ukraine.

For more stories like this, subscribe to @BusinessInsider on Telegram. Open / Comment

2022-03-14 17:27:09 Roman Abramovich's $65-million private jet reportedly flew from Moscow to Israel, after his assets were frozen by UK sanctions. Abramovich has citizenship in Israel, where planes owned by other oligarchs have landed.

Superyachts belonging to Russian elites are among assets targeted by Western sanctions. Shipbuilders are receiving a rush of offers on superyachts under construction amid sanctions on Russian elites.

Oligarch who founded Russia's largest fertilizer and coal companies warns the world faces food crisis without an end to the conflict in Ukraine.

For more stories like this, subscribe to @BusinessInsider on Telegram. Open / Comment

2022-02-14 19:41:10 Love — and jobs — are in the air this Valentine's Day. Tinder, one of the world's most popular dating apps, is looking for marketers, engineers, and more to join its growing team. Here's how to ace the company's straightforward hiring process.

After the 'Tinder Swindler', the FBI is now warning about the rise in romance scams, while a survey showed 1 in 3 Americans are more likely to date someone who talks about crypto.

Florist Steven Peisach and his cousin have been gearing up for love season since October and earmarked 30,000 heart-shaped roses from their family farm. Here's what the process is like preparing for 10,000 orders in a day.

Share with any business readers celebrating Valentine’s Day today. And for more stories like these, subscribe to @BusinessInsider here on Telegram. Open / Comment

2022-02-03 19:37:26 Facebook lost roughly 1 million daily active users between Q3 and Q4 of 2021, according to its earnings report.

This is the first time in history the website has reported a decline in user numbers.

Facebook parent Meta plunged 26% at the open. The move wiped roughly $230 billion from Meta’s market capitalization, putting it on track for the biggest one-day valuation drop in US history.

Subscribe to @BusinessInsider here on Telegram for more highlights from our coverage. Open / Comment

2022-01-24 20:12:47 Millennium has quietly minted billions off of America’s passive-investing craze. Now rivals are racing to catch up.

Hedge funds have reaped billions betting on changes to stock indexes, such as Tesla’s 2020 inclusion to the S&P 500. It has become “the greatest show on earth” for savvy investors.

Read more here, and subscribe to @BusinessInsider here on Telegram for more highlights from our coverage. Open / Comment

2022-01-12 15:44:13 Boris Johnson has apologised to the public and MPs, admitting for the first time he joined the lockdown-busting garden party in May 2020.

But he claimed he “believed implicitly this was a work event”, noting the Downing Street garden had been “in constant use” during the pandemic.

“I want to apologise,” he told MPs. “I know millions of people across the country have made extraordinary sacrifices. I know the anguish they have been through, unable to mourn their loved ones… unable to do the things they love.”

But Sir Keir Starmer, the leader of main opposition party Labour, hit back. “The party is over prime minister,” he said, “the only question is will the British public kick him out, will his party kick him out or will he do the decent thing and resign?”

Subscribe to @Insider on Telegram for more breaking news updates like this. Open / Comment

2022-01-06 18:12:52 Biden and Vice President Kamala Harris delivered rare remarks in Statuary Hall on Capitol Hill to observe the one year anniversary of the insurrection of January 6, 2021.

On that day, a violent mob of Trump's supporters breached the US Capitol to try to halt Congress from affirming Biden's electoral college win. 

President Joe Biden said the January 6 insurrection "can never" happen again and blamed the insurrection on former President Donald Trump and his supporters.

Read more by subscribing to @Insider here on Telegram. Open / Comment

2022-01-05 19:23:00 Instacart might start using roving robots to deliver your goods. Tortoise, the startup behind the bots, told us how the machines make 10-minute deliveries possible.

When your boss undermines your sense of reality and makes you doubt yourself, it's hard to think clearly. Here’s what you should do if your boss is gaslighting you.

YouTube grew so much lately that 2022 could be the year it supersedes Netflix as the biggest streaming business by one important measure.

Read more by subscribing to @BusinessInsider here on Telegram. Open / Comment

2022-01-04 18:39:17 In 2021 the amateur traders took huge swings that changed the nature of the stock market. But there are signs that in 2022, Wall Street strikes back. 

COVID-19's stranglehold will loosen, (some) workers will return to their offices, and interest rates will rise as the world's central banks try to cool down economies heating up with activity.

These conditions are ripe for Wall Street's biggest players — with all their stuffiness and number crunching — to strike back. Amateurs beware.

Read more by subscribing to @BusinessInsider here on Telegram. Open / Comment

2021-12-30 18:05:01 From crypto to COVID-19, it's been an unusual year for Wall Street — and Insider has been there every step of the way to chronicle the ups and downs.

Wall Street leaders called for workers to return to the office after the vaccines were rolled out. But Wall Street moms —in dire need of a break — expressed hope that hybrid schedules would continue.

Young people have also seen workplace tensions over 7 p.m. drinks and midday jogs, as they say they just want to see the sun once in a while. 

The so-called "meme stock" revolution continues to impact how some short sellers, who bet on stock declines, do business. It's also changed how some companies interact with Wall Street. 

And along the way we introduced readers to the industry's most riveting rising stars.

Read more highlights from our coverage this year, and subscribe to @BusinessInsider on Telegram for more. Open / Comment