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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...

2dFrance 24economicsImpact

A Las Vegas strip club says it's gotten a surge of auditions from laid-off hospitality workers

Las Vegas saw a decline in visitors last year. Westend61/Getty Images Crazy Horse 3 in Vegas said it's seen a 55% increase in dancer auditions, including first-timers. Las Vegas tourism declined last ...

4dBusiness InsidereconomicsImpact

I made over $30,000 from my side hustles this year. The extra money is great, but I felt like I never stopped working.

The author has a corporate job but also freelances as a writer and teaches mahjong. Courtesy of the author Freelance writing for various media outlets and teaching mahjong helped me generate over $30,...

6dBusiness InsiderlifestyleImpact

I'm a Princeton-educated engineer, but I left the corporate world to pursue a better work-life balance. Doing so helped me become a millionaire by 30.

Luisa Zhou's parents taught her the importance of working hard. Courtesy of Luisa Zhou Luisa Zhou's immigrant parents taught her to work hard and seek security. She ran out of paid time off after help...

2dBusiness InsiderlifestyleImpact

Tesla to stop selling FSD as a standalone package and switch to subscription only

Tesla Model Y electric vehicles (EV) at a dealership in Colma, California, US, on Tuesday, July 1, 2025. As its sales continue to slip and its robotaxi strategy seems to falter , Tesla CEO Elon Musk s...

Jan 14The VergeTechnology

US cost of living remains high one year after Trump's election

One year ago today, Donald Trump was inaugurated president of the United States for a second time. In the months prior, one of his campaign promises had been to "make America affordable again". But fr...

22hFrance 24PoliticsImpact

Macron brandishing 'threat of dissolution' as budget talks resume, although 'unlikely'

Crucial budget talks are resuming in French parliament, as MPs have failed to secure the 2026 budget in time last year. President Emmanuel Macron has brandished the threat of dissolution in case parti...

Jan 13France 24PoliticsImpact

Donald Trump to address World Economic Forum in Davos

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloa...

20hSouth China Morning PostPoliticsImpact

China’s Xi pushes ‘holistic’ execution by local cadres for 5-year plan, warns of disparity

President Xi Jinping has ordered a thorough implementation of central government strategies and policies at local levels, as the world’s second-largest economy rallies efforts to achieve a strong star...

1dSouth China Morning PostPoliticsImpact

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...

1dSouth China Morning PostTechnologyImpact

Harbour BioMed stake in US drug firm Spruce shows Chinese firms’ growing clout, analysts say

Shanghai-based Harbour BioMed’s acquisition of a stake in US-based Spruce Biosciences is the latest example of China’s novel drug developers progressing from one-time licensing deals into long-lasting...

1dSouth China Morning PosteconomicsImpact

Alibaba, JPMorgan said to invest in Chinese chip designer Montage’s Hong Kong listing

Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar wi...

Jan 14South China Morning Posteconomics

Netflix CEO Ted Sarandos tries to solve his movie problem

Netflix co-CEO Ted Sarandos has spent years people should be able to see big movies at home, without going to theaters. Now he's changing his tune. Rich Polk/2026GG/Penske Media via Getty Images Netfl...

5dBusiness InsiderEntertainmentImpact

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

Business leaders react to Trump's Davos speech

US President Donald Trump delivers a speech during the World Economic Forum annual meeting in Davos Fabrice COFFRINI / AFP via Getty Images President Donald Trump gave his 70-minute-long speech in Dav...

16hBusiness InsiderPoliticsImpact

Verizon says it'll credit customers $20 after its service outage lasted over 9 hours, but you have to claim it

Verizon was down for tens of thousands of customers for most of the day on January 14, 2026. Paul Squire/Business Insider Over 170,000 Verizon customers reported a service outage on Wednesday. The out...

6dBusiness InsiderTechnologyImpact

Elon Musk is a surprise addition to the Davos schedule

Elon Musk Nathan Howard/Reuters Elon Musk will be at Davos. Musk is now on the books for a 4:30 p.m. panel on Thursday. He'll be speaking alongside BlackRock CEO Larry Fink. Davos, things just got exc...

1hBusiness InsiderPoliticsImpact

3 watch predictions for 2026 that reveal what buyers want next

Cartier is expected to keep gaining momentum in 2026. Yuriko Nakao/Getty Images First-time watch buyers are reshaping the luxury watch market with new purchasing trends in 2026. Younger consumers favo...

2dBusiness InsiderlifestyleImpact

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

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...

2dBusiness InsidereconomicsImpact
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