Finance

China’s livestream shopping is booming, fueling new tech such as avatars and AI

BEIJING — Livestream shopping is taking off in China, driving development of new tech products such as virtual human streamers…

Macy’s shares surge 21% after it receives $5.8 billion buyout offer

Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told…

EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT

The European Union on Friday agreed to landmark rules for artificial intelligence, in what’s likely to become the first major…

Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued…

Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news

Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It’s one of…