News

China's EV architect says investing in Europe is a way forward

Wan Gang became China's minister of Science and Technology around 2010 and is known for spearheading the country's early push into electric cars.

Your 401(k) is up, and a new report shows increased savings. But Americans need to do more

Returns are up and people are saving more. But account balances for the median 401(k) are too low and Americans are still very reliant on Social Security.

Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says  

Prince Constantijn of the Netherlands told CNBC Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.

The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear

For China's yuan to be used more globally, the currency needs more "applications" such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.

Fewer Americans are buying life insurance. Here's when you might need it

Fewer Americans have bought life insurance in recent decades. That may put some households at financial risk.

Cisco is 'very optimistic' about its expanding business with China EVs

Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, Cisco's Greater China head Ming Wong told CNBC.

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

The living wills are a key Federal Reserve and FDIC exercise mandated in the aftermath of the 2008 global financial crisis.

The stock market is in its longest stretch without a 2% sell-off since the financial crisis

Wall Street's rise to record highs has come with very little volatility.

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

Despite mounting pressure to unfreeze all locked bank accounts in the Synapse collapse, messy records have created uncertainty over when that will happen.

China has spent at least $230 billion to build its EV industry, new study finds

China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.

China talks up support for IPOs. Investors are watching the speed of approval

Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings.

How investors can stay protected with emerging market opportunities

BNY's global head of ETFs warns that investors should account for changing currency levels when investing internationally.
1 17 18 19 20 21 129