Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating. Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Zhao...
Sam Altman will return to lead OpenAI less than five days after he was pushed out of one of the world’s most valuable startups, setting off a shock back-and-forth drama that transfixed Silicon Valley and the global AI industry. Altman is returning as chief executive officer and the initial board...
Stocks were mixed while the dollar rebounded from its weakest level in almost three months as traders awaited a slew of US economic data before markets pause for holidays in America and Japan. Futures on the S&P 500 and Nasdaq 100 were flat after Wall Street’s rally stalled on Tuesday....
UBS Global Wealth Management expects Japan’s cheaply valued stocks to extend their outperformance into 2024 amid a revival in domestic economic growth and gradual monetary policy tightening. Value stocks will rally as the economy may post 3% to 4% nominal growth next year and the Tokyo Stock Exchange pushes for...
By Kate Sands from 6XDMEDIA. Rates of global money transfers, also known as remittances, have grown five-fold over the last two decades and they show no signs of slowing down. Fintech is making it easier than ever before to transfer money internationally, and businesses and individuals alike are making the...