Please enable Javascript to watch this video I joined Business Insider Editor-in-Chief Henry Blodget on this week’s episode of The Bottom Line. We discussed the pros and cons of President Trump’s proposed tax cuts, which would slash income tax rates on businesses from 35% to 15%. Most economists will tell you that lower business tax rates tend to […]

REUTERS/Rashid Umar Abbasi Everything is going my way. Greenlight Capital’s David Einhorn has been getting clobbered on his Tesla short position, just like every other hedge funder who has been somewhat sensibly betting against CEO Elon Musk’s surging stock price and $ 50-billion market cap. He says there’s a Tesla bubble, and even Musk would […]

[unable to retrieve full-text content] Stefano Ricci Niccolò Ricci, CEO of Stefano Ricci. LONDON — The CEO of Italian luxury brand Stefano Ricci says London will remain the capital of luxury shopping in Europe post-Brexit because so many rich foreigners have second homes in the city. Niccolo Ricci, whose father founded the company in Florence […]

REUTERS/Andrew Burton Occupy Wall Street demonstrators protest against the rising national student debt in New York City. US consumer debt is approaching a record 20% of GDP, and millennials owe most of it. Millennials — 21 to 34-year-olds — hold an estimated $ 1.1 trillion of the country’s $ 3.6 trillion in consumer debt, according […]

Casper Casper’s mattress. LONDON — Online mattress and bedding startup Casper doubled sales to $ 200 million (£154.5 million) last year and is on track to double sales again this year. Casper’s European MD Constantin Eis told Business Insider on a call this week that, while the company is not explicitly targeting sales of $ […]

PA Theresa May leaves Downing Street ahead of Brexit speech. LONDON — A faltering economy and poor polling accuracy could undermine the Conservative party’s hopes for a crushing victory in the General Election in June, according to Pantheon Macroeconomics. With the Conservatives streaking ahead in the opinion polls, Prime Minister Theresa May called for an early […]

Reuters/Peter Nicholls Mark Carney, Governor of the Bank of England, speaks during a question and answer session with Reuters Global Editor Alessandra Galloni at a Reuters Newsmaker event in London, Britain April 7, 2017 LONDON — New data from the Office of National Statistics on Friday, which showed UK GDP growth slowing to just 0.3% in the first quarter of 2017, […]

Twitter Dr. David Dao. The head of security at Chicago’s O’Hare International and Midway Airports has been fired. On Friday, the Chicago Department of Aviation confirmed that airport security chief Jeffrey Redding has been relieved of his duties effective Thursday, April 27. The City of Chicago declined to comment on the cause of Redding’s termination. […]

Getty Images/ Peter Macdiarmid The Children’s Investment Fund, a $ 14.5 billion hedge fund based in London, has gotten off to a strong start to the year. The fund returned 10.7% in the first quarter, according to an investment letter reviewed by Business Insider, ahead of the 6.4% return on the MSCI World index.  The […]