News

China’s EV price war is heating up. What’s behind the big discounts?

China's electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

Palantir CEO Alex Karp said the checks can be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms."

Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show

Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.

GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million

The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.

Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year.

Fewer international tourists are visiting the U.S. — economic losses could be 'staggering,' researchers estimate

International tourists are rethinking the U.S. as a travel destination amid tensions tied to trade and border policy.

European businesses have never been this gloomy about China

An annual survey of European companies in China found record lows across several metrics due to slower growth and geopolitical worries.

The West is recycling rare earths to escape China’s grip — but it’s not enough

China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.

JPMorgan Chase is heading upmarket to woo America’s millionaires

The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from the nearly 5,000 Chase branches.

Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7

Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.

Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty

The central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold.

Personal finance app Monarch raises $75 million despite 'nuclear winter' for fintech startups

Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals.
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