AvatarBusiness InsiderAvatarAvatar1 hour agoJamie Dimon calls bitcoin a 'fraud' and a 'Ponzi scheme' — and says the crypto is hopeless as a currencyverified_publisherBusiness Insider - Theron MohamedBitcoin is a scam and fails as a currency, Jamie Dimon said. "If you mean crypto like bitcoin, I've always said it's a fraud," the JPMorgan CEO told Bloomberg TV on Wednesday. "If they think they're a currency, there's no hope for it. It's a Ponzi scheme," he added. Related stories However, the …
AvatarBusiness InsiderAvatarAvatar2 hours agoA woman in Brazil was arrested after she seemingly attempted to get a dead body in a wheelchair to sign for a bank loanverified_publisherBusiness Insider - Polly ThompsonA woman in Brazil was arrested on Tuesday on suspicion of theft by fraud and violating a corpse after she brought her uncle to a bank to sign a loan agreement, local media outlets reported. She had raised suspicion after she entered a small branch of Itaú Bank in a Rio suburb with a man in a …
AvatarBusiness InsiderAvatarAvatar2 hours agoSquatters have taken over empty restaurants and offices in London, including a Gordon Ramsay restaurant and 20th Century Fox's former HQverified_publisherBusiness Insider - Mia JankowiczThe former London headquarters of 20th Century Fox has been taken over by squatters, The Evening Standard reported. It's the third high-profile London address taken over by squatters in recent weeks. Last week, London's Metropolitan Police was made aware of a group occupying the site of a Gordon …
AvatarBusiness InsiderAvatarAvatar3 hours agoA Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's legal.verified_publisherBusiness Insider - Theron MohamedA Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded the payment after the employee backed out. Seven years on, a California appeals court is set to rule on whether the fee was legal. In 2017, Jefferies included the clause to deter Dean Decker, a hotshot banker …
AvatarBusiness InsiderAvatarAvatar4 hours agoMore and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.verified_publisherBusiness Insider - Noah Sheidlower and Juliana KaplanImagine making just enough money at your job that you don't qualify for food stamps or disability payments, but not enough to afford rent and healthcare. That would make you an ALICE. ALICEs — or Asset Limited, Income Constrained, Employed — is a term coined by United Way's United for ALICE program …
AvatarBusiness InsiderAvatarAvatar4 hours agoThe new rule of home buyingverified_publisherBusiness Insider - Albert Fox CahnLast summer, when I told my then-girlfriend that I had just hired a real-estate agent to help me buy an apartment, her response annoyed me: "Sounds like a scam." I didn't understand her suspicions. She had never purchased a home, and as a lawyer, I just assumed I knew how the system worked: The …
AvatarBusiness InsiderAvatarAvatar5 hours agoA 33-year-old man turned a Japanese farmhouse into a mountainside Airbnb retreat for $25,000 — here's how he did itverified_publisherBusiness Insider - Claire TurrellSingaporean Xian Jie Lee, 33, moved to Japan in 2012 to study political science. He loved the country so much that he decided to stay, and he started a desk job at an IT company. Within a few months, Lee realized he was unfulfilled and quit to start a tour guide company with a friend called Craft …
AvatarBusiness InsiderAvatarAvatar6 hours agoElon Musk's wealth has crashed by over $160 billion from its peak as Tesla's problems pile upverified_publisherBusiness Insider - Theron MohamedTesla's mounting troubles have dealt a heavy blow to Elon Musk's net worth. In November 2021, the Tesla CEO held the top spot on the Bloomberg Billionaires Index, and seemed untouchable with an estimated fortune of $340 billion. He was more than three times richer than Warren Buffett at that …
AvatarBusiness InsiderAvatarAvatarThe full list of major US companies slashing staff this year, from Tesla to Google and Appleverified_publisherBusiness Insider - Lakshmi Varanasi, Sarah Jackson, Jordan Hart, Jyoti Mann, Beatrice Nolan, Hannah Getahun, Geoff Weiss, and Aaron MokA slew of companies across the tech, media, finance, and retail industries made significant cuts to staff in 2023. Tech titans like IBM, Google, Microsoft, finance giants like Goldman Sachs, and manufacturers like Dow all announced layoffs. This year is looking grim too. And it's only April. Nearly …
AvatarBusiness InsiderAvatarAvatar22 hours agoSaudi Arabia's $500 billion Neom megacity is reportedly seeking new sources of cashverified_publisherBusiness Insider - George GloverSaudi Arabia's Neom project is set to issue bonds for the first time as its developers seek new funding sources, Bloomberg reported. The $500 billion desert megacity could raise up to $1.3 billion by selling Islamic bonds, or sukuk, the outlet reported on Wednesday, citing unnamed sources. The sukuk …
AvatarBusiness InsiderAvatarAvatar23 hours agoThe top 15 companies for career growth if you work in the US, according to LinkedInverified_publisherBusiness Insider - Madison HoffLinkedIn released its annual US list of the best big employers for career growth this week, and JPMorgan Chase & Co. ranked No. 1. A few kinds of employers emerge among LinkedIn's top 15 large companies for US career growth including financial-services giants like JPMorgan and Wells Fargo, telecom …
AvatarBusiness InsiderAvatarAvatar23 hours agoI moved my family down south to Florida over 7 years ago. I mostly love it, but life here has been filled with surprises.verified_publisherBusiness Insider - Terri PetersIt's been over seven years since my husband and I chose to relocate our family from Maryland to Florida. It's a decision I've never regretted once, but living in the Sunshine State is very different from life in the Northeast. Aside from the obvious things like no snow and exponentially more …