Hedge funds, venture capitalists, and private equity groups control the world – and while equities markets are near all-time highs, the largess has not been passed down to the workers, who are being drowned by high inflation and debt. The average American saw an 8.5 percent increase in personal debt over the past year, according...
American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
Thanks to a weak yen and strong U.S. demand for gas-electric hybrid cars, Honda and Toyota reported 2023 as their most profitable year yet.
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.
Former NIH head Dr. Francis Collins now says the theory that Covid originated from a Wuhan lab leak, is not a conspiracy theory.
Two more top OpenAI employees have quit the company, sounding alarm bells about the dangers of CEO Sam Altman’s ambitions to create an Artificial Super Intelligence (ASI).
Some crypto analysts and outlets are signaling that SEC approval of Spot Ethereum ETFs (Exchange Traded Funds) might be more likely than previously thought.