Beijing says it resolutely opposes "slanderous" accusations from the United States and other allies who have criticized China for economic espionage, urging Washington to withdraw its accusations against two Chinese nationals. Michelle Hennessy reports.
Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison. His high-profile trial marked a significant chapter in the unraveling of FTX, which collapsed under suspicious financial practices, leading to intense scrutiny and legal action. For the first time since his incarceration, Bankman-Fried described his daily life in a detailed interview with journalist William D. Cohan of Puck. Do
“It wouldn’t surprise me if they see an outflow of clients over the next six months,” one user told MarketWatch.
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant. “I think (with these features) we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments, in an interview.
Nvidia is spreading some of its recently amassed wealth by investing in smaller AI companies.
Investors need to pay close attention to Intel (INTC) stock based on the movements in the options market lately.
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
Materials company 3M declared a dividend of 70 cents per share on Tuesday evening. The cut means 3M will lose its status as a Dividend Aristocrat—companies that have raised payouts for at least 25 consecutive years. 3M had already told investors a “reset” was coming.
High-net-worth individuals, those with net worths of $1 million or more and liquid assets, take different approaches to finance than others.
Super Micro Computer reported revenue growth of 200% in its latest quarter.