No ‘immediate path forward’: CFTC is talking to Binance after launching legal action, official says
The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month.
Financial News
Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value
Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value.
Alphabet CEO Sundar Pichai’s compensation topped $200 million in 2022
Alphabet CEO Sundar Pichai received $226 million in total pay in 2022. Pichai was awarded over $200 million through a triennial stock plan.
How A.I.-powered robots are changing retail
An army of inventory robots is being deployed to help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.
A recession is coming — and stock markets won’t come through it unscathed, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.
Veteran investor David Roche says a credit crunch is coming for ‘small-town America’
The banking turmoil of March, when several U.S. lenders collapsed, will lead to a credit crunch for “small-town America,” veteran strategist David Roche says.
Germany, Poland and others are pushing for new sanctions on Russia’s nuclear energy
Germany, Poland are pushing for sanctions on Russia’s nuclear energy as the EU looks at new ways to hurt the Kremlin’s revenues amid Moscow’s invasion of Ukraine.
The EU’s divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it
European Union officials on Tuesday called for a new and joint approach toward China, in a move that is unlikely to please the United States.
Sweden’s economic gloom goes from bad to worse as government predicts steeper GDP contraction
The Swedish government predicted 2023 would be a “gloomy” year for the country, but new GDP expectations present a worse outlook than previously expected.
These are the tech jobs most threatened by ChatGPT and A.I.
Workers are already worried about layoffs in tech. Now artificial intelligence chatbots like ChatGPT are amplifying those fears.