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UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners

LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut in...

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China’s Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions

Chinese technology giant Huawei is set to challenge Nvidia with a new artificial intelligence chip amid U.S. sanctions that had sought to curb the Chinese tech giant’s technologica...

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Former Binance CEO CZ sentenced to four months

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s...

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Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’

Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t invol...

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Former FTX executive Ryan Salame sentenced to 7.5 years in US prison

Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant of the bankrupt cryptocurrency exchange’s founder, Sam Bankman-Fried, has been sentenced to 90 mont...

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US court orders FTX to pay $12.7bn to customers

A United States court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7bn in relief to its customers, the Commodity Futures Trading Commission has said.FTX drew custome...

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