News

Ray Dalio says to fear the bond market as deficit becomes critical

The billionaire investor is not hopeful politicians will be able to reconcile their differences and lessen the country's debt load.

Dealmaking rebounds after Trump's tariffs cut off a budding M&A boom

The pace of mergers and acquisitisons is picking up this month, with more than 300 deals announced as of May 20, collectively valued at more than $120 billion.

China’s Xiaomi claims new phone chip rivals Apple at a cheaper price

Chinese smartphone company Xiaomi is taking on Apple’s iPhone with an advanced chip and cheaper phone.

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

One Chinese baby products company announced it is officially entering the United States, the world's largest consumer market — regardless of the trade war.

JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse

JPMorgan Chase CEO Jamie Dimon said markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.

Klarna doubles losses in first quarter as IPO remains on hold

Klarna said its net loss for the first three months of 2025 totalled $99 million, up 110% from a year ago.

UK clamps down on 'wild west' of buy now, pay later sector with new rules

Buy now, pay later plans are set to face regulation in the U.K. after the government laid out proposals to bring the short-term loans under formal rules.

China's April retail sales growth of 5.1% misses expectations as consumption remains a worry

Industrial output grew 6.1% in April, stronger than analysts' expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.

Long-term care costs can be a 'huge problem,' experts say. Here's why

Long-term care can cost well over $100,000 but households aren't prepared, experts say.

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

The staff cuts could result in more than 2,000 fewer jobs at the U.S. central bank.

How to trade gold and bitcoin after the big stock market rebound

Gold could resume its rally and head for $5,000, and it might be a good time to take some risk out of bitcoin investing, according to ETF experts.

Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost

Alibaba, Tencent and JD.com reported earnings that showed better Chinese consumer spending — and the growing benefits of artificial intelligence in advertising.
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