News

Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy

Stablecoin firm Tether said Tuesday it plans to invest its resources into renewable energy production, marking the company's first foray into the energy sector.

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for "real engagement" between policymakers in Washington and Beijing.

Very few U.S.-China flights are back despite the end of Covid

In contrast, flights between the Middle East and mainland China have picked up significantly.

New warning signs emerge for China's property market

Data for May show China's massive property sector is still struggling to turn around, despite signs of recovery earlier this year.

Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

These are the stocks posting the largest moves in midday trading.

Goldman Sachs is cutting jobs again amid Wall Street deals slump

Goldman Sachs, more tied to the ups and downs of Wall Street than its rivals, is cutting jobs again.

Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more

These are the stocks posting some of the largest moves in the premarket Tuesday.

Chinese consumers won't return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says

Consumer brands such as Starbucks face a Chinese market recovering slowly from the pandemic and filled with local competitors, Morgan Stanley analysts said.

Major central banks were expected to pause rate hikes soon. Now it's not so clear cut

Stronger-than-expected U.S. jobs figures and GDP data have highlighted a key risk to the Federal Reserve potentially taking its foot off the monetary brake.

Consumers are starting to fire up China's pandemic-battered economy, two ETF experts find

A bullish economic trend may be underway in China after a challenging reopening.

JPMorgan Chase cut about 500 jobs this week, including technology and operations roles

Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles.
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