News

Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue

Kristo Käärmann, CEO and co-founder of Wise, was ordered by regulators to pay a £350,000 fine due to a breach of senior manager conduct rules.

Chart analyst Carter Worth breaks down his most important technical indicator

There are many technical indicators for traders to choose from. For Carter Worth, there's one that stands out above all others.

Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.

Watch CFPB Director Rohit Chopra speak at DC Fintech Week

The director of the Consumer Financial Protection Bureau is slated to speak at DC Fintech Week on Wednesday.

Apple and Goldman Sachs ordered to pay over $89 million for Apple card failures

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

Chinese smartphone companies tout AI features ahead of Apple Intelligence launch

Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure on Apple.

Crypto firm Circle expects the UK to introduce stablecoin laws in 'months, not years'

"I think we're within months, not years" of formal U.K. stablecoin laws being introduced, crypto firm Circle's top policy executive told CNBC.

SAP boss warns against regulating AI, says Europe risks falling behind U.S., China

Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.

More startups are being spun out of Klarna than any other European fintech unicorn

Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from VC firm Accel.

HSBC names Pam Kaur as first female CFO amid major restructuring

HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units.

KKM Financial's Essential 40 stock fund is now an ETF

Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.
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