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New app lets you decide

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 …

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Credit Suisse whistleblowers say bank has been helping Americans dodge U.S. taxes

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 …

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Bitcoin (BTC) climbs to $28k as traders shrug off regulatory crackdown

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 | …

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UBS names Sergio Ermotti as new Group CEO, following the acquisition of Credit Suisse

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 …

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Israeli judicial crisis worries some business leaders

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 …

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Alibaba shares soar 15% in Hong Kong on news of major overhaul

Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of Alibaba climbed 15% at the open on Tuesday after the company announced in a significant overhaul to split the tech giant into six business …

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Rallies from Walgreens, PVH and McCormick could be a good sign

Stocks that rallied Tuesday in response to “less than stellar” quarterly reports could bode well for earnings season, CNBC’s Jim Cramer said. Cramer pointed to three companies that reported within the last 24 hours as examples: Spice company McCormick, Calvin Klein and Tommy Hilfiger parent company PVH and Walgreens. All …

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Google not preserving chats in Epic case merits sanctions, judge says

A Google sign is pictured during the company’s presentation of a detailed investment plan for Germany outside the Google office in Berlin, Germany, August 31, 2021. Annegret Hilse | Reuters Google should be sanctioned for failing to preserve chat messages between employees related to an antitrust case brought by Epic …

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Amazon sellers are using ChatGPT to help write product listings

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Chad Rubin was looking for a way to spice up his Amazon listing for a vacuum hose. He was struggling …

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Disney cuts metaverse division under Iger’s restructuring

Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023. Randy Shropshire | CNBC Disney is cutting its metaverse division as part of the layoffs set to begin this week, CNBC has confirmed. Disney, like most companies in 2021, hopped on the metaverse hype train after Facebook changed its name …

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