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Financial News Around the World

Upstart Chinese electric car brand delivered more cars than Nio in 2022

Another budget-priced electric car brand is taking off in China, this time selling compact SUVs.

Published 4 January 2023
Categorised as Finance News

Ant gets approval to expand its consumer finance business

Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns.

Published 4 January 2023
Categorised as Finance News

Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market

Manhattan real estate brokers are concerned both buyers and sellers are staying on the sidelines.

Published 4 January 2023
Categorised as Finance News

Regulators warn U.S. banks on crypto risks including ‘fraud and scams’ after FTX collapse

Bank executives have said they need further guidance from regulators before dealing more directly with bitcoin and other types of cryptocurrency.

Published 3 January 2023
Categorised as Finance News

The Mega Millions jackpot is $785 million. Taking the lump sum is ‘typically a big mistake,’ lottery lawyer says

Nearly all winners opt for the lump sum, but with $785 million at stake, there are significant advantages to spreading out this lottery windfall.

Published 3 January 2023
Categorised as Finance News

Sam Bankman-Fried pleads not guilty to federal fraud charges in New York

FTX founder Sam Bankman-Fried pleaded not guilty to fraud charges in a crypto case built with the cooperation of his lieutenants Caroline Ellison and Gary Wang

Published 3 January 2023
Categorised as Finance News

Mega Millions jackpot surges to $785 million. If there’s a winner, this is the tax bill

If the winner were to take the lump-sum cash option of $403.8 million, the federal tax withholding would be $96.9 million — and more likely would be owed.

Published 3 January 2023
Categorised as Finance News

Stocks making the biggest moves midday: Tesla, Wynn, Traeger, Amazon and more

These are the stocks posting the largest moves in midday trading.

Published 3 January 2023
Categorised as Finance News

It’s time to boost 401(k) contributions for 2023: ‘You’re smart to jump on this,’ says advisor

You can defer $22,500 into your 401(k) for 2023, up from $20,500 in 2022. Here’s why it’s time to boost your contributions, according to financial experts.

Published 3 January 2023
Categorised as Finance News

Gemini’s Winklevoss accuses crypto mogul Silbert of ‘bad faith stalling tactics’ over frozen funds

Gemini is attempting to recoup $900 million of client funds which it lent to Genesis to generate yields for its interest-bearing Gemini Earn accounts.

Published 3 January 2023
Categorised as Finance News

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