Despite broad concerns about the economy and fears of an impending recession, the ultra-wealthy seem to be doing just fine. Rolls-Royce, Bentley and Lamborghini, car brands that cater to billionaires, had record sales again last year. In fact, it was the third record year in…

The French government is planning to raise the official retirement age by two years as part of a long-delayed reform to the country’s pension system that was met with huge protests by labor unions the last time it was attempted. New legislation will require French…

Elon Musk’s Twitter has restored the accounts of two prominent election deniers who were banned from the platform following the January 6, 2021 attack on the US Capitol. “Stop the Steal” organizer Ali Alexander’s account was restored on Monday. Alexander assumed a leadership role in…

The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs. The crypto brokerage firm let 1,100 people go…

There are two certainties in today’s market: The tech sector has been beaten down and interest rates are higher. And while analysts widely anticipate an easing in the Fed’s rate hikes this year, institutional investors are increasingly using a dangerous tactic to take advantage of…

In a positive sign for inflation-weary consumers, online prices dropped in December as retailers resorted to deep discounts to lure shoppers, according to a Tuesday report from Adobe Analytics. Adobe said e-commerce prices were 1.6% lower than the year before, marking the fourth consecutive month…