News

High-profile economists want to shut down Biden’s stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.

Some high-profile economists fear Biden’s $US1.9 stimulus package will lead to inflation. But the Fed sees little inflation risk, and Wall Street increasingly agrees; the US hasn’t had high inflation in nearly 40 years. Since then, central bankers have come to think the US has developed better tools to handle […]
High-profile economists want to shut down Biden’s stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.
Markets

Hedge funds are set for giant windfalls as SPAC mania goes into overdrive

Hello, readers! Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoria Star Morgan Stanley trader Shawn Joshi is leaving, plus other Wall Street people moves this week […]
Hedge funds are set for giant windfalls as SPAC mania goes into overdrive
Tech

GameStop trader ‘Roaring Kitty’ slipped a reference to the viral cat-lawyer meme into his Congressional testimony: ‘I am not a cat’

Keith Gill, better known as GameStop trader ‘Roaring Kitty,’ referenced the lawyer-cat meme in his testimony. Gill and other figures involved in the Robinhood and GameStop trading events testified before Congress on Thursday. Visit the Business section of Insider for more stories. Retail investor Keith Gill, better known as “Roaring […]
GameStop trader ‘Roaring Kitty’ slipped a reference to the viral cat-lawyer meme into his Congressional testimony: ‘I am not a cat’