The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023.Daniel Leal | AFP | Getty ImagesLONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.A newly split global wealth management division, led by co-presidents Iqbal Khan in Asia-Pacific and Rob Karofsky in the U.S., sees the bank double down across the two geographies as part of what it has dubbed its “sustainable, strategic growth” strategy.It…
Author: insighter
NerdWallet+ is a paid membership that offers rewards for healthy financial behaviors, like improving your credit or keeping an eye on your budget, and also for shopping for select financial products. Depending on your financial plans — such as whether you want to add another credit card to your wallet — you can earn and redeem rewards worth up to $350, which more than offsets the $49 annual membership fee. This article explains the program and answers frequently asked questions so you can decide whether it’s right for you. To avoid conflicts of interest, NerdWallet’s editorial team won’t review this…
A New Mexico judge on Thursday granted Mark Zuckerberg’s request to be dropped from a lawsuit that alleges his company has failed to protect young users on its social media platforms from sexual exploitation. The case is one of many filed by states, school districts and parents against Meta and its platforms over concerns about child exploitation. Beyond courtrooms around the U.S., the issue has been a topic of congressional hearings as lawmakers and parents are growing increasingly concerned about the effects of social media on young people’s lives. In New Mexico, Attorney General Raúl Torrez sued Meta and Zuckerberg late last year following…
BEIJING — In three years, China’s capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center.This month, the city began allowing tests of robotaxis with human staff inside to run the 40-minute route between a major high-speed train station and a suburban area to its south.That route between Beijing South Railway Station and the suburb of Yizhuang is set to open a public-facing robotaxi service in the next week or two, Ning Zhang, vice president at Pony.ai and head of its Beijing research and development center, told CNBC in an exclusive interview Thursday.…
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024.Yoan Valat | Afp | Getty ImagesPARIS — France is touting itself as the next artificial intelligence superpower.The Viva Technology conference in Paris last week was buzzing with talk about how far France has come as a leader in AI.A great deal of chatter surrounded the French AI firm H, previously named Holistic, which raised $220 million in a seed funding round from investors including U.S. tech giant Amazon and Google’s billionaire ex-CEO Eric Schmidt.A…
EverBank is a relatively new brand that offers competitive savings account rates.When it comes to finding a good banking experience, the balance usually boils down to high APYs and low fees. For anyone seeking a brick-and-mortar banking experience, this can be an almost impossible quest. But EverBank, formerly TIAA Bank, offers competitive rates, low fees, and access to physical branches in Florida. We will take a closer look at what EverBank has to offer so you can decide if it is the right fit for your situation. EverBank is formerly known as TIAA Bank.The bank offers several physical branches throughout…
The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency mining operation that generated $575 million, authorities said. Sergei Potapenko and Ivan Turõgin, both 39, were arrested in Tallinn, Estonia, and charged on an 18-count indictment filed in the Western District of Washington, DOJ said in a statement today. According to the indictment, the duo claimed to offer virtual currency mining rights to customers for a fee, but in reality they were relying on sham invoices, fabricated documents, and a crypto mining capacity of less than 1% of what they…
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder.DoconomySwedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading European banks, including UBS and CommerzVentures.Doconomy, which offers tools to help bank customers measure the carbon footprint of their everyday spending, raised the cash in a Series B financing round co-led by UBS Next and CommerzVentures, the venture arms of UBS and Commerzbank, respectively.Credit ratings agency S&P Global came on board as a new investor, while existing shareholders Motive Ventures, PostFinance…
It’s hard to believe Amazon.com started back in July 1995 as an online retailer that sold books only. Almost 30 years later, it’s likely the first place you look when you get the idea to buy anything. Retailers like Walmart, Best Buy and Target can be quite competitive with Amazon. Still, with the number of Amazon Prime members in the U.S. at 180 million, according to an estimate by Consumer Intelligence Research Partners in March, dependence on Amazon runs deep. If you shop there, lead with needs over wants to save money where it counts. Here’s a short list of…
SHANGHAI, CHINA – DECEMBER 09: Captain Zhao Hongbing waves a Chinese national flag after the first C919 large passenger aircraft of China Eastern Airlines landed at Shanghai Hongqiao International Airport on December 9, 2022 in Shanghai, China. The first C919, China’s first domestically-developed narrow-body passenger jet, was delivered to China Eastern Airlines in Shanghai on Friday morning, and it is expected to be put into commercial operation in early 2023. (Photo by Yin Liqin/China News Service/VCG via Getty Images)China News Service | China News Service | Getty ImagesChina on Thursday said it will restrict the exports of certain aviation and…
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped Thursday after former President Donald Trump was convicted in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex. Trump Media’s stock was down about 9% in after-hours trading Thursday as news of the verdict emerged. The stock, which trades under the ticket symbol “DJT,” has been extraordinarily volatile since its debut in late March, joining the group of meme stocks…
Blackcat | E+ | Getty ImagesMany consumers are finding it hard to keep up with their bills.To that point, 37% of Americans have been charged a late fee on a bill in the last 12 months, according to a new report by NerdWallet.Credit card late fees were the most common, with 21% of survey respondents incurring at least one. Others had been charged late fees on utility bills, 10%, and rent, 8%. NerdWallet polled 2,061 U.S. adults in early April.”Late fees are just one consequence of making late payments,” said Sara Rathner, a travel and credit cards expert at NerdWallet.More…