News

Citi fined $79 million by British regulators over fat-finger trading and control errors

British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls.

Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries

Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries.

Here's how to buy renewable energy from your electric utility

More residential consumers are sourcing their electricity from green energy sources like solar and wind. But many still don't know about the option.

Fed Gov. Waller wants 'several months' of good inflation data before lowering rates

Fed Gov. Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.

Family offices become prime targets for cyber hacks and ransomware

With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.

China's sweeping measures to prop up the property sector will need time to show results

China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.

Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'

JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.

JPMorgan CEO Jamie Dimon signals retirement is closer than ever

The ambiguity of Dimon's plans has made succession timing at JPMorgan one of the persistent questions for the bank's investors and analysts.

Flying is cheaper in 2024. But not for some destinations

Average airline ticket prices are less expensive than they were a year ago. Flights to some areas, especially those abroad, are still high.

No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs.

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.

China retail sales, investment data miss expectations in April

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
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