Higher interest rates and anxiety over the stock market and economy pushed more consumers to buy annuities, experts said.
Schlagwort-Archiv: Financial
Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year, study finds
Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis from U.S.-based firm JL Warren Capital.
UK inflation slide fuels rate cut bets and jolts markets
U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business in latest reshuffle
Alibaba Group CEO Eddie Wu is taking over the top role at the company’s Taobao and Tmall e-commerce business, replacing Trudy Dai.
Inflation gives millions new access to investments for the wealthy, says SEC
The number of „accredited“ investors who can buy private securities rose by 8 million from 2019 to 2022, the SEC said.
FedEx shares tumble after weaker demand hit revenue outlook
It’s the second consecutive quarter FedEx has lowered its sales guidance.
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.
GPT and other AI models can’t analyze an SEC filing, researchers find
The findings from Patronus AI highlight some of the challenges of using AI models within big companies in regulated industries like finance.
Swiss regulator calls for more powers after Credit Suisse collapse
Switzerland’s financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of the Credit Suisse collapse.