Swiss bank Banque Pictet admits hiding $5.6 billion of Americans' money from IRS (www.cnbc.com)
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Ratings agency Moody’s downgraded its outlook on China’s government credit ratings to negative from stable, expecting Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength....
Return to office is ‘dead,’ Stanford economist says. Here’s why::The share of workers being called back to the office has flatlined, suggesting remote work is an entrenched feature of the U.S. labor market.
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Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
Okta hackers stole data on all customer support users, company says::The hack was worse than initially believed, with every client having some data stolen in the breach, the cybersecurity company warned.
Shein has confidentially filed to go public and is moving forward with its long-rumored IPO....
Asia-Pacific stocks fell on Monday as the Chinese market dropped due to a decline in property firms, while Japan’s service inflation surged to a 45-month high....
The United Arab Emirates planned to use its role as the host of the biggest and most important annual climate conference as a platform to lobby foreign government officials for oil and gas deals, according to a cache of internal documents obtained by a not-for-profit investigative journalism organization....
Black Friday e-commerce spending popped 7.5% from a year earlier, reaching a record $9.8 billion in the U.S., according to an Adobe Analytics report, a further indication that price-conscious consumers want to spend on the best deals and are hunting for those deals online....
Microsoft exec says OpenAI employees can join with same compensation::Microsoft CTO Kevin Scott offered to match the compensation of OpenAI employees considering a departure from the company.
Germany’s budget is in trouble....
Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty::Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers move to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs....