News

Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago

Crypto exchange Gemini announced Wednesday that it will return $2.18 billion to users of the Earn program, which it paused withdrawals for in November 2022.

Clean Energy Ventures raises $305 million to back early-stage climate startups

Clean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization.

IMF upgrades China's growth forecast to 5% on 'strong' first quarter and policy measures

The International Monetary Fund raised its forecast for China's growth this year to 5%, from 4.6% previously, due to "strong" first quarter figures and policy moves.

Chinese travelers are opting for lower-cost domestic destinations over foreign tourist spots

Cost-conscious Chinese consumers are increasingly picking cheaper tourist destinations at home instead of going overseas.

Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions

Wall Street is now required to settle stock trades faster after a new rule from the Securities and Exchange Commission takes effect Tuesday.

This new weight loss drug ETF bets big on two of the industry's leading players

While Novo Nordisk and Eli Lilly have soared in the past year, Roundhill Investments sees bigger gains ahead for the GLP-1 drugmakers.

Alibaba's global arm signs David Beckham as international e-commerce brand ambassador

Soccer star David Beckham has signed his latest advertising deal with Alibaba's international e-commerce platform AliExpress, the business unit said Monday.

Cash discounts, while still rare, are up over 60% from 2015. Here's how much you can save

More merchants are giving discounts to consumers who pay with cash, or putting surcharges on credit card purchases.

Rise of resort day passes offers travelers luxury on a budget

ResortPass holds 95% of the day-guest market and has partnered with luxury hotels including the Waldorf-Astoria, JW Marriott and Fontainebleau.

Here's why you may be saving more in your 401(k) — and not even know it

More employers have adopted "automatic escalation," which raises workers' 401(k) plan savings rate over time.

Wall Street ponders what happens to booming private credit market when you-know-what hits the fan

The CEO of one of the largest private-credit firms defended the industry and how it will act in times of stress.

Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment

The company will pay a $15 million fine for alleged violations of the Clean Water Act as part of the federal settlement.
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