The $100 billion investment arm of the Mormon Church revealed its holdings in a 13F filing this week. A whistleblower alleged over the weekend that the church operates its investment arm as a “clandestine hedge fund.” These are the top…
Amazon is a sponsor of San Francisco’s small business week, the San Francisco Chronicle reported. Small businesses in the city say they view Amazon as a competitor, not a supporter. Amazon relies on small sellers for sales, but its marketplace…
The housing market will come under stress if the US even appears to be headed for a debt default, Moody’s Mark Zandi said. Home prices would slide and the the 30-year mortgage rate could surge past 7%, he said. Fears…
US stocks were mixed on Monday as traders digested the latest debt ceiling news. Treasury Secretary Janet Yellen said she sees progress being made. The S&P 500 was trying to notch a win after two straight losing sessions. LoadingSomething is…
A US debt default could spike borrowing costs and should concern everyone, a consumer watchdog says. Democrats and Republicans have remained locked in an impasse over raising the $31.4 trillion debt ceiling. Treasury Secretary Janet Yellen had warned the US…
The CEO of an AI firm says AI may find humans so boring, it will want to say “goodbye” to us. “The worst case scenario is that it proliferates and basically it controls humanity,” Emad Mostaque said. Mostaque added that…
Trump wished Happy Mother’s Day to the “Mothers, Wives, and Lovers” of “Radical Left Fascists.” It was in keeping with Trump’s tradition of using happy occasions to attack his political rivals. But his Mother’s Day wishes did not extend to…
Rubia Daniels flew to the town of Mussomeli in Sicily after hearing about its cheap homes. She ended up buying three crumbling houses for $3.30 in 2019, and she’s restoring them now. Many Italian towns have introduced similar schemes in…
Cash App founder Bob Lee was part of an underground sex, drug, and party scene for years prior to his death, WSJ reported. Friends and coworkers of Lee spoke to the Journal about the late tech executive’s life. The report…
Hi, I’m Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today’s Sunday edition, a roundup of some of our top stories. On the agenda today: But first: I break down some of our most…
