People dine out at a restaurant in Beijing on May 26, 2023. Jade Gao | Afp | Getty Images BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn’t expected to bounce back for a while yet. Marketing revenue rose in the first three …

To feel wealthy, Americans say you need a net worth of at least $2.2 million on average, according to financial services company Charles Schwab’s annual Modern Wealth Survey. But even if you have that much in the bank, it might not be enough to be considered rich in certain places, …

Chief AI Scientist at Meta Yann LeCun spoke at the Viva Tech conference in Paris and said that artificial intelligence does not currently have human-level intelligence but could do one day. Chesnot | Getty Images News | Getty Images Current artificial intelligence systems like ChatGPT do not have human-level intelligence …

HSBC UK CEO tells CNBC how the bank bought Silicon Valley Bank’s UK unit. Nurphoto | Nurphoto | Getty Images U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of …

Jgi/jamie Grill | Tetra Images | Getty Images In just one year, interest rates have risen by the most since the 1980s. A possible recession is looming even as the government is funneling billions of dollars into a handful of key industries. Workers are in painfully short supply, but some …

Birds flying over the corridor of the Jama Masjid at sunrise in New Delhi on October 27, 2016. Money Sharma | Afp | Getty Images India’s growth is looking like a “bright spot” as the country’s outsourcing sector remains robust on top of an increasing trend of tech companies moving …

UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images Swiss bank UBS on Monday said that it formally completed the takeover of its rival Credit Suisse. “Instead …

SHANGHAI, CHINA – NOVEMBER 04, 2022: Buildings at Lujiazui Financial District are illuminated to celebrate the opening ceremony of the 5th China International Import Expo (CIIE) on November 4, 2022 in Shanghai, China. Vcg | Visual China Group | Getty Images A central bank move in Beijing this week is …

Courtneyk | E+ | Getty Images Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report. Twenty-eight percent of all U.S. households have an overly rosy view. They think they’re on track to maintain their …

People arrive to attend an annual shareholders’ meeting for Toyota Motor in the city of Toyota, Aichi Prefecture on June 14, 2023. Toyota is under pressure from large institutional investors for chairman Akio Toyoda to step down over his lukewarm embrace of electric vehicles. Str | Afp | Getty Images …