News

Bessent lists five finalists for Fed chair job and Trump says decision coming before the end of the year

The Federal Open Market Committee meets this week, with an interest rate decision due Wednesday.

HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

Herald Fund SPC sued HSBC's Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.

'VOO and chill:' Why this popular investment strategy may be losing its appeal — even with stocks at all-time highs

Tidal Financial's Gavin Filmore finds many of his clients are no longer satisfied with buying popular ETFs tied to market indexes.

China strikes conciliatory tone ahead of expected Trump-Xi meeting

Chinese Commerce Minister Wang Wentao told reporters Friday that the U.S. and China can still find ways to work together, and that Beijing opposes decoupling.

With stock market concentration risk at peak, 'cash, precious metals, and crypto' is new normal

A handful of mega-cap tech and AI stocks dominate the U.S. market, an imbalance that has investors looking to bigger hedges.

China to bolster consumption, tech development as U.S. tensions simmer

China's top leaders signaled their priorities for the next five years in a readout released Thursday at the end of a four-day meeting.

China's property slump is far from bottoming. But Beijing is prioritizing tech growth

Chinese policymakers won't likely release much more support for the struggling property sector, as tech competition and other issues are more pressing.

Western Alliance CEO says alleged loan fraud is 'incredibly frustrating' but isolated issue

Regional banks are getting a reprieve this week after Western Alliance and Zions reported results that didn't include any new loan meltdowns.

The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here's what happened

More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10.

Beyond Meat shares surge for a third day in a row as meme traders jump on board

It's the latest in an extraordinary week for the stock, which on Tuesday enjoyed its best day ever.

Baidu's Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Baidu's Apollo Go robotaxi unit plans to begin tests in Switzerland this year, with the aim of launching a public-facing service by the first quarter of 2027.

Barclays ups guidance, announces surprise $670 million share buyback

Barclays CEO said he looked forward to "sharing updated targets to 2028" alongside the bank's full-year earnings.
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