Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.
Category: Finance News
Annual inflation rate hit 2.6% in October, meeting expectations
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.
Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid period, a new report showed Wednesday.
Stocks making the biggest moves premarket: Cava, Spotify Technologies, Rocket Lab and more
These are some of the stocks posting the largest moves in premarket trading.
Stocks making the biggest moves after hours: Spotify Technology, Cava, Rivian Automotive and more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Shopify, Honeywell, GE Vernova, Twilio and more
These are the stocks posting the largest moves in midday trading.
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.
David Einhorn to speak as the priciest market in decades gets even pricier postelection
Einhorn’s hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.
Family offices becoming ‘economic powerhouse’ in private company deals
Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey.
China’s Alibaba releases AI search tool for small businesses in Europe and the Americas
Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.