Finance

Bitcoin shows its volatility once again in steep overnight decline, now back below $70,000

Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big…

Biden’s ‘billionaire tax’ takes aim at the super-rich — but can a wealth tax work in reality?

Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said…

Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI

Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide artificial…

HSBC is ‘very positive’ about the future of China’s economy, CFO says

HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s…

Here’s when the Fed is likely to start cutting interest rates, according to investment strategists

WEST PALM BEACH, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of…

‘Take the emotion out of investing’ during a presidential election year, strategist says. What to do instead

WEST PALM BEACH, Fla. — Investors’ emotions may run high in 2024, especially in the realm of politics as President…