Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday.The institution said advanced economies — the U.S., Japan and Euro area countries — are expected to grow by only 0.7% in 2023, down from 2.6% in…

Your iPhone’s autocorrect is getting a big ducking upgrade. Currently, when you enter a typo or key in an unrecognized word, Apple’s iOS uses some onboard machine learning and references a library of frequent misspellings to automatically correct your mistake. But, as anyone who has ever been seriously annoyed has…

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Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against the largest US based crypto…

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Elevator Pitch My investment rating for Dada Nexus Limited (NASDAQ:DADA) stock remains as a Hold. I discussed about DADA’s collaboration with Chinese short-form video platform Douyin and Dada Nexus’ full-year outlook in my prior March 21, 2023 article. Following an evaluation of DADA’s financial prospects in the short term and…

The destruction of the Kakhovka dam and power plant that unleashed floodwater across southern Ukraine is likely to limit Kyiv’s options in its incipient counter-offensive, according to military officials and analysts.Moscow and Kyiv traded blame on Tuesday for the demise of the dam, which spanned the Dnipro river and is…

Although it’s named the Fiscal Responsibility Act, the compromise debt ceiling package that President Joe Biden signed into law this past weekend doesn’t do much to fix the nation’s enormous financial challenges. The deal, which prevented the US from defaulting on its obligations and unleashing economic upheaval, holds non-defense discretionary…

Cathie Wood’s ARK Innovation ETF rose sharply Tuesday, as shares of its largest holding Tesla Inc. jumped and technology stocks rallied amid ongoing investor enthusiasm over artificial intelligence. The ARK Innovation ETF ARKK, +0.19%, an exchange-traded fund that targets disruptive innovation as an investment theme, closed 1.8% higher Tuesday, outpacing…

Major cryptocurrencies sank on Monday, after the U.S. Securities and Exchange Commission charged the world’s largest crypto exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 securities law violations.  Bitcoin BTCUSD, +1.35% fell 5% Monday to $25,857, the lowest level since March 17, according to CoinDesk data. Ether…