LONDON, UNITED KINGDOM - MARCH 26, 2025: Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)Wiktor Szymanowicz...
Year: 2025
Battle over Jimmy Buffett’s $275 million estate highlights risks of family trusts
A court battle over the late singer Jimmy Buffett's $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.Jimmy Buffett's widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her...
Shares of scandal-plagued Brazilian meat giant JBS rise 3% in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS rose during their U.S. public market debut on Friday.The opening trade of $13.65 per share values the company at roughly $30 billion, outstripping rival...
Op-Ed: Wall Street needs to develop its own AI systems, not rely on Big Tech
Wall Street, Manhattan, New YorkAndrey Denisyuk | Moment | Getty ImagesIn the feverish race to adopt artificial intelligence, the financial world stands at a critical juncture. The allure of general-purpose AI, the kind championed by tech giants, is undeniable. But for finance, a realm of intricate regulations and specialized jargon,...
Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia.Sha Hanting | China News Service | Getty ImagesConsumers in the early part of June took a considerably less pessimistic view about the economy and potential surges in inflation as progress appeared possible in the global trade war,...