Finance

D3sign | Moment | Getty Images Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit.   “We’re all crazy when it comes to money,” said Brad Klontz, managing principal of YMW …

Pedestrians in front of a pawn shop during Golden Week at night in Macau, China, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options …

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 …

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 …

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 …

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 …

The GPT-4 logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland.  Jaap Arriens | Nurphoto | Getty Images AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the buzzy technology shows no signs of fizzling …

Zepz, which owns the WorldRemit and Sendwave brands, has a total headcount of around 1,600. Sopa Images | Lightrocket | Getty Images LONDON — Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, …

A JD.com truck receiving incoming goods and preparing shipments at the Northeast China-based Gu’an warehouse and distribution facility in Gu’an, Сhina. XiXinXing | iStock Editorial | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of the biotech stock dipped 2.8% after Biogen revamped its …

Andreessen Horowitz partner Marc Andreessen. Justin Sullivan | Getty Images LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Andreessen Horowitz, a Silicon Valley venture capital firm that has backed leading tech companies from Airbnb to Coinbase, said …