Finance

LONDON, UK – Sept. 2021: People seen dining outdoors in Soho in London in September 2021. SOPA Images | LightRocket | Getty Images LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the lowest annual reading since September 2021. Economists polled by Reuters had expected a modest decline

Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company’s Taobao and Tmall e-commerce business, replacing

Morsa Images | Getty Images Inflation has given millions of people new access to certain investments earmarked for the wealthy — and consumer advocates argue that’s not a good thing. Americans must generally be “accredited” to invest in private companies and investments such as private equity and hedge funds. That accredited status is a consumer

Patronus AI cofounders Anand Kannappan and Rebecca Qian Patronus AI Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing AI model configuration they tested, OpenAI’s GPT-4-Turbo, when armed with

Amsterdam, The Netherlands. Alexander Spatari | Moment | Getty Images Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances. U.S. consultancy Mercer issues a closely-watched annual report that analyzes 47 different retirement income systems around the world — with European

A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections showed an expectation of three rate cuts in 2024. That caused a rally in stocks

In this article KWS-GB Follow your favorite stocksCREATE FREE ACCOUNT Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs

BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product. “We are absolutely going to see more of these options-based products come to market,” Ben Slavin told CNBC’s “ETF Edge” on Monday. “We see it in our own book.” Options overlays are a way for investors to

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which as chair Powell said… is,

Andresr | E+ | Getty Images Are you expecting a package delivery this holiday season? If so, scammers may try to dupe you with bogus emails or text messages about a shipment to steal your personal information, the Federal Trade Commission warned in a consumer alert. People who buy items online typically get several notifications

In this article C Follow your favorite stocksCREATE FREE ACCOUNT Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks

[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. The ECB on Thursday held interest rates steady for the second

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy is

KTSDesign | Science Photo Library | Getty Images It’s arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the Nasdaq-100.  Five companies (Apple, Microsoft, Amazon, Nvidia and Alphabet) make up about 25% of the S&P 500. Six

The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back,” according to HSBC Asset Management. In its 2024 investment outlook, seen by CNBC, the British lender’s

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Wednesday the 10-year Treasury yield will continue to fall to the 3% range next year, following the Federal Reserve’s new forecast for rate cuts. “I think we’re still going to have bonds rallying,”

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for a third consecutive meeting on Thursday, but economists are

A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images British investment platforms Hargreaves Lansdown and AJ Bell saw their shares plunge on Tuesday after a U.K. regulator warned 42 firms that it may intervene on fees and interest charges. Hargreaves Lansdown shares were down more than 7% by late