For much of the past two years, Tesla customers who waited months for their new car have had an unusual option: keep the new electric car or sell it at a profit to someone who has less patience.   However, the days of the Tesla flip are coming to an end, which could endanger the already...

After weeks of negotiations on the emergency measure that has divided opinion within the bloc as it seeks to contain the energy crisis, the energy ministers of the European Union finally agreed on a gas price cap on Monday.   The cap is the EU's 27-country bloc's most recent effort to reduce...

Morgan Stanley lifted its forecast for China's economy in 2023, predicting that a recovery will occur sooner and more sharply than expected.   According to a research note led by the firm's chief Asia economist Chetan Ahya, the firm raised its forecast for the country's GDP in 2023 to 5.4%...

According to Nomura, China's Covid lockdowns are having a lessening impact on the economy for the first time since early October.   However, analysts at a Japanese bank warned that the road ahead will be difficult because China does not appear to be prepared for an increase in infections....

A $60 per barrel price cap on Russian oil was fixed on Friday by the European Union in the most recent efforts to severe sources of funds for Russia for funding its war on Ukraine.      Meanwhile, according to a reported estimate from Ukrainian presidential aide Mykhailo...

A UK government-backed task force has stat6edt hat the country's financial services sector should be doing more to "break the 'class' ceiling," even as new targets urging for at least half of senior leaders to be appointed from working-class or lower socioeconomic...

In its latest report, the US Federal Reserve said that household debt in the country increased at the fastest rate in 15 years during the third quarter, owing to significant increases in credit card usage and mortgage balances.   Total debt increased by $351 billion from July...

According to Adobe, which tracks sales on retailer websites, consumers spent a record $9.12 billion online this Black Friday.   Overall online sales for the day after Thanksgiving were up 2.3% year over year, with electronics playing a major role, with online sales increasing 221% over an...

It seems like an eternity ago, but it was only a year ago. The Nasdaq Composite had just reached its peak in 2021, having more than doubled since the beginning of the pandemic. Rivian's mega-IPO was the latest in a record-breaking year for new issues. Hiring was brisk, and tech workers reveled in...

The term "metaverse" is amongst of top three contenders for the title of Oxford "Word of the Year" (WOTY) within a competition conducted by Oxford University Press (OUP), the publisher of the Oxford English Dictionary.   On November 22, OUP officially announced the launch of...

The Financial Conduct Authority said on Tuesday that Britain's 'highly concentrated' consumer credit ratings market, which is used to obtain loans, is not working well and that a new industry body is needed to help improve the quality of scores.   Experian, Equifax, and TransUnion account...