A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates took some of the juice out of the housing recovery in February. After a sharp gain in January, pending home sales rose just 0.8% month …

Mixmedia | Istock | Getty Images You may have heard that Social Security’s funds are running low. If that doesn’t change, that may interfere with the program’s ability to pay full benefits in the next decade. Now, a new virtual tool from the American Academy of Actuaries lets you explore …

Sopa Images | Lightrocket | Getty Images Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. In an open letter from the Future of Life Institute, signed by Musk, Apple co-founder Steve Wozniak and …

Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the private bank has provided a safe haven for wealthy American clients to …

Sergio Ermotti, chief executive officer of UBS Group AG. Stefan Wermuth | Bloomberg | Getty Images Incoming UBS CEO Sergio Ermotti on Wednesday said his return to the helm was “a call of duty,” as the Swiss veteran takes on the task of restoring order to the country’s battered financial …

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Filip Radwanski | …

Chinese technology stocks led gains in Asia-Pacific on Wednesday’s as Hong Kong listed shares of Alibaba jumped, one day after the company announced a major revamp to split the tech giant into six entities. The Hang Seng Tech index gained nearly 3% in the afternoon, its highest in more than …

UBS appointed Sergio P. Ermotti as its group Chief Executive Officer following its agreement to acquire Credit Suisse. Harold Cunningham | Getty Images News | Getty Images UBS named Sergio Ermotti as its new Group CEO on Wednesday, following the recent acquisition of Credit Suisse. The move will be effective April …

Protesters gather outside Israel’s Parliament in Jerusalem on March 27, 2023, amid calls for a general strike against the hard-right government’s controversial push to overhaul the justice system. – | Afp | Getty Images Israel is in a cooling off period after weeks of intense protests by vast segments of …

The U.K. government on Wednesday published recommendations for the artificial intelligence industry, outlining an all-encompassing approach for regulating the technology at a time when it has reached frenzied levels of hype. In the white paper, the Department for Science, Innovation and Technology (DSIT) outlined five principles it wanted companies to …