The U.K.’s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.
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.
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.
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.
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.
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.
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
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.
Stocks making the biggest moves midday: Tesla, Wynn, Traeger, Amazon and more
These are the stocks posting the largest moves in midday trading.
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.