UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet “are getting indoctrinated” by academics.
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.
OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’
OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt “super confused” and was “super caught off guard.”
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll.
China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting
Major investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.
The top 9 ‘must-have’ travel experiences of 2024, according to luxury advisors
The luxury travel company Virtuoso asked 20,000 travel advisors to share the experiences that should top travelers’ lists in 2024.
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.
Bipartisan tax deal could boost child tax credit for 2023. What it means for families this tax season
The bipartisan tax deal could boost the child tax credit for 2023. Here’s how it could affect taxpayers this season, according to experts.
OpenAI’s Sam Altman says human-level AI is coming but will change world much less than we think
Sam Altman said concerns that AI will one day become so powerful that it dramatically reshapes and disrupts the world are overblown
Classic car auction site Bring a Trailer’s sales hit record $1.4 billion even as prices drop
Bring a Trailer’s sales climbed in a rare bright spot for the classic-car market.