News

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race. 

The UK is regulating memes about crypto and other investments to curb scams from 'finfluencers'

The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not misleading.

China's Xi meets U.S. executives as businesses navigate bilateral tensions

U.S. business leaders met with Chinese President Xi Jinping, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis

The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.

Cocoa prices hit $10,000 per metric ton for the first time ever

Cocoa reached hit a record Tuesday as high demand and supply constraints fuel prices higher.

Binance executive escapes Nigerian custody as authorities file new tax charges

One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the exchange.

Japan bucks private equity slowdown in Asia-Pacific with deal value soaring 183% last year

Japan PE deal value surged 183% in 2023 from a year earlier, making it the largest private equity market in Asia Pacific for the first time.

Two fresh ways to play the weight loss and megacap tech hype

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks.

'Gray divorce' has doubled since the '90s — and the financial risk is high for women

Americans age 50 and older are divorcing at much higher rates, and women are financially vulnerable.

Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

Sovereign wealth funds and other investors are jostling to buy into an Anthropic stake. But the company has ruled out taking any Saudi money.

How to spot and overcome ‘ghost’ jobs

Many online job ads were posted months ago, giving the illusion of a phantom listing. There are ways to sidestep ghost jobs and position yourself for success.

Immigration is boosting the U.S. economy and has been 'really underestimated,' says JPMorgan research head

Joyce Chang, chair of global research at JPMorgan, said the recent influx of immigration — and its economic benefits — had been "really underestimated."
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