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China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

Pronounced "Sue Qi" in Mandarin, the Xiaomi SU7 beats Porsche's Taycan and Tesla's Model S on acceleration and other metrics, Xiaomi CEO Lei Jun said.

Does the tax on your year-end bonus check seem high? Here's why

Companies often withhold tax from bonuses at a flat 22% federal rate. For many, that means their check may seem smaller than expected.

AI boom fails to propel China's cloud market growth

"The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth," Canalys said in a report.

China's potential new gaming rules will hit smaller developers more, analyst says

China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS.

Here’s when you can visit a national park for free in 2024

The National Park Service will offer free admission to national parks on six days next year.

James Gorman talks Disney succession, proxy fight as he gears up to join board

Gorman won praise for managing the CEO succession process at Morgan Stanley.

Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC

France's AMF watchdog gave Coinbase a virtual asset service provider approval, which is effectively a green light to operate crypto services in the country.

UK and Switzerland to sign post-Brexit financial services deal

The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.

Citigroup to close global distressed-debt business as part of CEO Jane Fraser's overhaul

Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.

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.
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