Ben Winck
Business Insider
Evanston, IL, United States
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Recent articles by Ben:
We've reached peak supply chain crisis — it'll only get better from here, according to Jefferies
Holiday shopping might still be chaos this year, but shipping should be back to normal by winter of 2022. → Read More
The world is pissed about surging prices, from Berkeley to Berlin. An affordability movement is afoot.
There's a global movement to change the housing market. It isn't easily available for most people, and millennials are demanding reform. → Read More
Here's how much higher home prices will soar in 2022, Goldman says
Builders will struggle as they fight labor shortages and supply bottlenecks. Millennial demand will keep prices soaring for years, the bank said. → Read More
American shoppers shrug off Delta wave as retail sales trounce expectations, rising to $625 billion in September
Spending at retailers rose 0.7% in September, outpacing the estimate for a 0.2% drop. September saw the Delta wave peak and begin to fade. → Read More
The energy market is a huge mess right now and threatens to turn the high inflation of 2021 into a terrible new economic era
From China to the EU, the world's energy supply is crippled. That's showing up in everything from higher gas prices to massive shipping delays. → Read More
78% of community bank executives expect the housing market to crash by 2026
Home prices have surged the most in 45 years, and community bankers fear the bubble will soon burst. Economists see little reason for such concern. → Read More
Why you should be celebrating the record number of people saying, 'I quit'
Over 4 million Americans quit their jobs in September, extending a streak of record walkouts. They're probably unlocking better pay and productivity. → Read More
Inflation unexpectedly picked up in September, signaling the economy is still far from normal
The Consumer Price Index — a popular measure of US inflation — rose 0.4% last month, marking an acceleration from the 0.3% jump in August. → Read More
US job openings slide for the first time in 6 months in August — and more people quit than ever
Tuesday's report shows many more job openings than unemployed workers, showing the labor shortage is going strong, and hiring is incredibly weak. → Read More
Democrats are set to slash Biden's $300 billion plan to build millions of homes — all in the middle of a historic housing shortage
Biden's $3.5 trillion social-spending plan is set to be cut to about $2 trillion. Housing funds are on the chopping block, but buyers badly need help. → Read More
Housing isn't a seller's market after all — it's a builder's market
America needs homes, but builders aren't rushing. "People want an oversupplied market, and we just don't do that in America," an expert told Insider. → Read More
The supply-chain disaster that is eating Christmas is being driven by a Biden-Xi conflict that many are overlooking
The US-China trade war created a supply crisis even before the "everything shortage." They're fighting over the semiconductor chips everyone wants. → Read More
September jobs report misses expectations with just 194,000 new payrolls amid Delta slowdown
Last month's job gains missed the median forecast of 500,000 payrolls by a lot. It's a continued slowdown after August's dismal report. → Read More
Mitch McConnell reverses on the debt ceiling as Congress poised to get another two months to avoid a government default
Senate Republicans were in disarray earlier as they struggled to come up with enough support to clear an initial procedural vote. → Read More
McConnell offers Democrats a 2-month lift of the debt ceiling, preventing default until then
"This will moot Democrats' excuses about the time crunch they created," the Republican senator wrote in a statement. → Read More
NYC's likely next mayor wants to tackle the housing crisis. 'We need to look at those sacred cows like SoHo.'
Eric Adams, winner of the Democratic primary for mayor, says it's time for rich, exclusionary neighborhoods to add more homes for the poor. → Read More
US private payrolls jump by 568,000 in September — a strong rebound as the Delta wave weakened
The reading easily exceeded the median forecast of 428,000 payrolls. It also shows the job market's recovery heading into the fall. → Read More
Home prices are soaring at the fastest pace in 45 years — but there's good news for homebuyers
Home prices rose a record 18.1% year-over-year in August, CoreLogic said. Yet prices climbed just 1.3% that month, marking a major slowdown from July. → Read More
Republicans gear up to inflict maximum pain on Democrats as the debt default deadline inches closer
Reconciliation is seemingly the only way Democrats can raise the debt ceiling. The GOP is aiming to jam up the process to derail Biden's agenda. → Read More
Evergrande may just be the tip of the iceberg. It's one of 4 major warning signs flashing for the global economy.
China's Evergrande crisis is worrying markets but it's one of just a whole range of threats that could derail the global economic recovery. → Read More