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Financial News Around the World

Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth

Wealth management firms could see billions of dollars in added value thanks to AI, McKinsey & Company found.

Published 18 December 2023
Categorised as Finance News

Powerball jackpot hits $543 million. What’s the best payout option? Experts weigh lump sum vs. annuity

The Powerball jackpot has jumped to $543 million. Here’s how to decide between the lump sum or annuity payout option.

Published 18 December 2023
Categorised as Finance News

Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction

The President of the Federal Reserve Bank of Chicago said the market may have read too much into last week’s central bank update.

Published 18 December 2023
Categorised as Finance News

Stocks making the biggest moves premarket: U.S. Steel, Affirm, Illumina and more

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

Published 18 December 2023
Categorised as Finance News

SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million

Improbable has sold The Multiplayer Group, a multiplayer games services company it bought in 2019, to Keywords Studios for £76.5 million ($97.1 million).

Published 18 December 2023
Categorised as Finance News

The best — and worst — countries to retire in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances.

Published 18 December 2023
Categorised as Finance News

Forget the in-flight food — these are best and worst airlines when flying goes wrong

AirHelp’s annual ranking evaluates 83 airlines for on-time performance and customer opinions — and how efficiently they handle customers’ compensation claims.

Published 17 December 2023
Categorised as Finance News

Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

Sheila Bair, known for leading the FDIC during the 2008 financial crisis, warns that the inflation fight is far from over.

Published 17 December 2023
Categorised as Finance News

This ETF offering could become next year’s hot product

“We are absolutely going to see more of these options-based products come to market. We see it in our own book,” BNY Mellon’s Ben Slavin said.

Published 16 December 2023
Categorised as Finance News

Even high earners consider themselves ‘not rich yet,’ despite their net worth

High inflation and high interest rates have made it increasingly hard to feel financially comfortable, let alone rich.

Published 16 December 2023
Categorised as Finance News

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