Business

Optimism abounds on cryptocurrency ETFs despite lack of action

The financial technology industry is predicting that regulators will allow investments in virtual currencies through exchange-traded funds, or ETFs, despite rejections of past efforts and with no indication by officials that ...

Business

No slump for pump and dump cryptocurrency gangs

In a sleepy corner of the crypto-economy, the value of an obscure coin called Enzyme was tumbling downwards along with its peers earlier this month—but then something unusual happened on May 15.

Business

Alibaba plans to list logistics arm in Hong Kong IPO

Chinese e-commerce giant Alibaba said Tuesday it intends to spin off its logistics arm Cainiao through an initial public offering in Hong Kong as the firm undergoes a massive restructuring.

Automotive

Swedish electric carmaker Polestar to go public

Electric car maker Polestar, controlled by Sweden's Volvo Cars and its Chinese owner Geely, said on Monday it plans to go public in a stock market debut that could value it at around $20 billion (17 billion euros).

Business

ChatGPT: How to use AI as a virtual financial adviser

From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?

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