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Annuity sales are on track for a record year. Here’s what to know before buying

Higher interest rates and anxiety over the stock market and economy pushed more consumers to buy annuities, experts said.

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UK inflation rate drops more than expected to 3.9% in November

U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.

Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year, study finds

Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis from U.S.-based firm JL Warren Capital.

Alibaba CEO Eddie Wu to lead e-commerce business in latest reshuffle

Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai.

Inflation gives millions new access to investments for the wealthy, says SEC

The number of "accredited" investors who can buy private securities rose by 8 million from 2019 to 2022, the SEC said.

GPT and other AI models can't analyze an SEC filing, researchers find

The findings from Patronus AI highlight some of the challenges of using AI models within big companies in regulated industries like finance.

Swiss regulator calls for more powers after Credit Suisse collapse

Switzerland's financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of the Credit Suisse collapse.

Generative AI has landed on Wall Street. Here's how it can help propel 'massive' revenue growth

Wealth management firms could see billions of dollars in added value thanks to AI, McKinsey & Company found.

Fed's Goolsbee says he was 'confused' by last week's market reaction

The President of the Federal Reserve Bank of Chicago said the market may have read too much into last week's central bank update.

SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million

Improbable has sold The Multiplayer Group, a multiplayer games services company it bought in 2019, to Keywords Studios for £76.5 million ($97.1 million).

The best — and worst — countries to retire in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances.
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