Finance

HSBC appoints Georges Elhedery as group CEO starting Sept. 2

HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery, who is the…

Traders see the odds of a Fed rate cut by September at 100%

Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that…

Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates

Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold…

Many Americans think they’re insulated from climate change. Their finances indicate otherwise

Many Americans think they’re insulated from the effects of global warming. But climate change is already having negative and broad…

Small caps are the hottest trade going in the stock market now and they surged another 3% Tuesday

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to…

Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe

LONDON — Microsoft’s hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger…

Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury

LONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on Tuesday referred to…