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Speculation about the death of the 60-40 portfolio has been greatly exaggerated.

The pound and U.K. government bond yields fell on Wednesday, while the London stock market jumped, as traders boosted bets that the Bank of England will make a bigger batch of interest cuts in 2024, after inflation hit its slowest pace in more than two years.

Company insider Dr Markus Kamieth will succeed current CEO Martin Brudermüller in April 2024

Oil futures were on track for a third straight rise Wednesday, with the global benchmark pushing back above $80 a barrel, as traders monitored tensions in the Red Sea that have resulted in disruptions to global trade.

Mortgage applications fell 1.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.83%.

Do taxes blur the lines on what spouses do and don't share?

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Bond yields in the U.K. and U.S. fell on Wednesday after slower-than-expected U.K. inflation added to hopes of easing price pressures and interest rate cuts by central banks.

Shares in Telefonica rallied on Wednesday after the Spanish government said it would buy a stake of up to 10% in the country's telecommunications giant, which would match the investment made by a Saudi Arabian company.

Tesla Inc. has reportedly told some employees that merit-based stock grants won't be included as part of overall compensation this year.

Alibaba Group Holding Ltd. co-founder and Chief Executive Eddie Wu will take over as the head of the Chinese internet giant's core e-commerce group.

The New York Stock Exchange said it was suspending Farfetch Ltd. shares immediately, citing a Monday securities filing that mentioned the company's expectation that Class A and B stockholders won't recover any of their outstanding investments.