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Trump’s accusations about socialism should be taken seriously — because when...

In the US, we actually have a long history with socialism. It isn't woolly, storm-the-barricades, hard-left stuff. Rather, it's democratic socialism, and for the most part, it has involved a long expansion of the welfare state. FDR's New Deal of the 1930s is the best example, but we also have Lyndon Johnson's Great Society in…

Founder of busted Florida massage parlor chain reportedly ran business promising...

Li "Cindy" Yang, the founder of the Florida massage parlor that was recently busted for allegedly selling sexual services to Patriots owner Robert Kraft, has been helping to run a business that promised access to President Donald Trump at Mar-a-Lago, according to a report from Mother Jones. Yang and her husband, Zubin Gong, reportedly started…

Mark Zuckerberg says his plan to break Facebook in 2 could...

It's almost a year to the day since Christopher Wylie blew the whistle on Facebook's giant Cambridge Analytica data breach, sparking a plague of scandals over how Facebook handles user information. In that time, #DeleteFacebook has trended, Facebook's days of double-digit user growth were declared dead, and the firm's own research showed diminishing trust levels.…

Amazon’s abrupt escape from New York won’t hurt its business one...

Amazon's decision to cancel a major office expansion into New York is a stunning about-face for the tech giant, but the change of plans is unlikely to have any serious impact on the company's $230 billion business engine, say analysts. "This is a blip and a minor bump in the road," Anthony Chukumba, research analyst…

HSBC is making a flurry of changes at the top of...

HSBC is making a flurry of changes to the senior ranks of its US trading business, including the departure of a senior credit-trading executive and the promotion of a top sales head. Gianluca Passaretta is leaving as the co-head of credit trading in the Americas after nearly six years at the bank, according to people…

China has actually been closing for business for the last decade

China has actually been closing its economy for that last 10 years, and now it appears when the country would like to stop, it can't. At least not without a significant amount of pain. When people — especially in the world of economics and finance — talk about China, they talk about it as an…

Apple has taken away the yardstick everybody measured its business with...

Tuesday's earnings report was the beginning of a new era for Apple. Instead of providing investors and observers a simple number for the total amount of iPhones sold during a quarter — for example, 47 million— Apple now only provides information for the amount of revenue that it generated through sales of devices. Apple has…

Fyre Festival’s CMO Grant Margolin appears to be working again …...

Grant Margolin, the chief marketing officer of the colossal disaster that was Fyre Festival, seemed to drop off the face of the Earth after the event.  The festival's founder and CEO, Billy McFarland, is serving six years in prison for defrauding over 100 investors out of $27.4 million. But Margolin, who is portrayed in both…

We spoke to 40+ CEOs and business leaders in 3 days....

DAVOS, Switzerland — Davos is almost done. The World Economic Forum's annual meeting in Davos, Switzerland, is wrapping up on Friday after a whirlwind few days of forum sessions, meetings, dinners, and night caps. Business Insider had a team of six editors in the Swiss ski resort, who met with more than 40 CEOs and…

‘World power is shifting’: A self-made Lebanese billionaire explains why all...

DAVOS, Switzerland — "You cannot measure a whole economy by Apple sales." This is the first thing Bassim Haidar says when asked about a potential slowdown in China. He's seen the doom-and-gloom headlines calling for a global growth contraction, and he's not overly worried. "When we look at China, we say they've dropped off 1%,…
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