News

People in China are spending nearly as much of their income as Americans on healthcare

Increasing government spending on healthcare could help boost consumption in China, the International Monetary Fund said.

Harvard’s endowment jumps 27% in fiscal 2026, lifted by SpaceX as top holding

The latest 12-month period marked the strongest return for the university's fund since 2021.

China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration

European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.

Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's Mythos

Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.

Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue.

Bank of America is set to report third-quarter earnings – here’s what the Street expects

The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.

China's exports likely grew by double-digits in September

The country's customs agency is due to release September trade data on Wednesday.

Goldman says investors are looking for 'profitable' Chinese business growth overseas

Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries.

Williams says Fed may not have to hike rates in 2027, at odds with traders

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.

JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts

JPMorgan Chase CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools.

Visa gets Beijing's green light for bank card business after 40 years of working with China

The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.

'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoil

Singapore is a bastion of safety amid global turmoil, according to the CEO of DBS.
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