News

HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.

Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.

How the buzz around Chinese AI model DeepSeek sparked a massive Nasdaq sell-off

DeepSeek's emergence is shaking up investor confidence of the AI story that has been lifting the U.S. bull market in the past two years.

Chinese AI applications now have bigger aims — they're looking beyond chatbots

A slew of releases in the last week demonstrate how Chinese companies have moved quickly with AI models that compete with OpenAI's ChatGPT.

American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences like travel and entertainment.

Here's what CEOs are saying about DEI at Davos

On the ground in Davos, DEI has been the subject of conversation both on-the-record and behind closed doors.

Monte dei Paschi makes 13-billion-euro bid for Mediobanca as M&A appetite heats up in Italian banking

Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro all-share takeover offer for larger domestic peer Mediobanca.

'World's first downside protected bitcoin ETF': Calamos unveils a safer way to play crypto

A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing.

Wealthy leaders share financial advice they gave their kids: Invest early, learn from failure — and think carefully about inheritance

Wealthy leaders share the financial advice they gave their kids, including invest early, budget —and think carefully about inheritance.

Return-to-office policies are 'creeping up,' researcher says. Many workers would rather quit

More workers are being forced back to the office full time. Many say they'd rather quit.

Trump just took a shot at Bank of America. Here’s what he's talking about

President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives.

Vanguard's $106 million target-date fund settlement offers a key lesson about taxes

Investors can boost their after-tax returns by pairing assets with taxable accounts or tax-advantaged retirement accounts like 401(k) plans and IRAs.

BlackRock's Fink sees potential risks and says the bond market will tell us where we are going

BlackRock CEO Larry Fink said Trump's efforts to unleash capital in the private sector could re-accelerate inflation and hurt the stock market.
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