News

Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis

Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.

Goldman Sachs offers its newest option for downside protection in volatile markets

Goldman Sachs Asset Management launched its newest buffer exchange-traded fund this month.

Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself

Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.

'Please unleash us,' Europe's telcos urge regulators as industry bangs drum for more mega-deals

CEOs of several European telecoms firms are calling on regulators to make it easier for them to combine their operations with other businesses.

China's ‘Netflix' iQiyi is set to open a theme park with virtual reality based on its own shows

Chinese videostreaming platform iQiyi plans to open its first theme park this year — the latest company to bet that local consumers will spend on experiences.

New York AG announces bill to protect consumers from scams after Trump hobbles CFPB

With the Consumer Financial Protection Bureau frozen, consumers will have to rely on their state AGs and regulators when they have complaints.

Here’s the inflation breakdown for February 2025 — in one chart

The consumer price index rose 2.8% in February from 12 months earlier. Inflation decelerated but economists fear tariffs will stall progress.

China says it’s willing to cooperate with the U.S. on fentanyl

China is willing to do more to address U.S. concerns about illicit fentanyl trade, an official from the Ministry of Foreign Affairs told reporters Wednesday.

DeepSeek AI cranks open the spigots on Chinese venture capital

DeepSeek's artificial intelligence breakthrough is stirring up China's venture capital world after three straight years of decline.

Most of the S&P 500 is already in correction territory as benchmark teeters near milestone

As of Monday's close, 366 S&P 500 components or 73% were trading 10% or more below their respective 52-week highs.

Ron Baron says he won’t sell a single personal Tesla share amid the EV play's big decline

Billionaire investor Ron Baron is standing by Elon Musk's Tesla amid its dramatic sell-off.

Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.
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