News

Bank investors bet on looser regulation under Trump. They are starting to see it

The Federal Reserve proposed changes this week that would lower capital requirements for large U.S banks.

Trump's war against the Powell Fed has taken another political turn

While Trump's name-calling of Powell isn't particularly new, the words now could signal action.

How the Republican megabill targets immigrant finances

Provisions in Republicans' tax and spending bill would make the financial lives of immigrants harder, even those here legally, experts said.

China's Xiaomi undercuts Tesla with yet another cheaper car

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.

How the stock market made it back to a new record — even with so much still to worry about

The wall of worry has been crumbling with trade deals in motion and the economy remaining in solid shape.

China's fintech giant Ant doubles down on health care with new AI app — and it wants it to go global

Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas.

China urges Beijing-backed development bank to focus more on Belt and Road Initiative

Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing's Belt and Road Initiative.

Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'

His potential victory could bring what the Street despises the most — tax hikes and tighter regulation that threaten corporate and investment interests.

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.

Watch Fed Chair Jerome Powell testify live before Senate banking panel

In his remarks Tuesday, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy.

China's Li urges not to turn trade into a political or security issue

Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."

China doubles down on promoting yuan as confidence in U.S. dollar takes a beating

From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
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