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Apple Inc has partnered with Goldman Sachs to launch a new high-yield savings account that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is the latest sign that the technology giant ...

Shares of Google’s parent company Alphabet slumped more than 3% on Monday after a concerning report suggesting its search powerhouse could surrender significant market share to AI-powered rivals, especially Microsoft’s Bing.Mobile phone giant Samsung is rumored to be installing Bing ...

Tesla CEO Elon Musk said on Sunday that the electric automaker had now produced three million cars during its lifetime. The first-ever Tesla rolled off the line in 2009. The model, known as the Roadster, initially cost about $109,000. Today, ...

Hong Kong is trying to rediscover its lost status as a financial hub by rolling out the red carpet to mainland-China crypto firms. After bankers and financial services experts left Hong Kong in droves in fear of tight COVID-19 curbs, ...

US annual inflation based on the Consumer Price Index (CPI) dropped in March for the ninth consecutive month. Prices climbed just 5% for the 12 months ending in March, a drop from a reading of 6% in February.Annual CPI slid ...

The price of Bitcoin rose on Tuesday, reaching the important psychological threshold of $30,000, as investors awaited new inflation data later in the week that could have a bearing on crypto prices.Bitcoin, the biggest cryptocurrency by market cap, jumped more ...

All five of the world’s largest computer makers – Apple, ASUS, Dell, HP and Lenovo – reported double-digit falls in first-quarter shipments, reflecting weaker demand and persistent inventory woes. Apple’s decline was the biggest, falling more than 40%. The company’s worldwide ...

Job growth in the US came in line with market expectations, as non-farm payrolls grew by 236,000 for March, compared to the Dow Jones estimate of 238,000. Unemployment ticked lower to 3.5% in response to an increase in labor force ...

In March of this year alone, nearly 120 tech firms globally, including the likes of Meta, Apple and Amazon, implemented layoffs across various departments. Mass layoffs across the tech industry had already kicked off last year as a broader economic ...

After Prime Minister Liz Truss drove the British pound to record lows last year, market watchers thought the currency would not recover for some time. Now the pound is enjoying a comeback, hitting its highest level against the US dollar ...

Asia is expected to benefit from strong economic growth this year after China’s dropping of harsh pandemic curbs. The Asian Development Bank (ADB) predicts that economies in Asia and the Pacific will expand by 4.8% in 2023 and 2024, up ...

Oil prices surged on Monday after OPEC+ producers revealed surprise cuts to their output. Brent crude, the worldwide benchmark, leapt 5.31% to $84.13 a barrel, while the US benchmark, WTI, climbed 5.48% to $79.83. Both moves represented the largest one-day ...

UK consumer prices leapt by 10.4% in February compared with a year ago, as food inflation skyrocketed to its highest level in almost 50 years. The price of a basket of food soared 18.2% from the beginning of the year ...

China's big five lenders each reported above 3.5% annual net-profit growth, but warned that the country’s recovery was notcomplete, citing continued global banking turmoil and domestic risks.China's Bank of Communications Co Ltd (BoCom) and Bank of China (BoC) both posted ...

Elon Musk, Apple co-founder Steve Wozniak and other technology leaders have called on competing artificial intelligence (AI) firms to put a hold on creating AI systems more powerful than GPT-4, OpenAI’s latest large language model. In an open letter, signatories ...