News

Santander doubles down on UK presence amid Spain's banking M&A turmoil

Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its own U.K. branch.

Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace

Chinese electric car startup Xpeng is keeping up sales momentum against its rivals amid a fierce price war in China.

Billionaire Ken Griffin's hedge funds at Citadel are all in the green for 2025

Citadel's multistrategy Wellington fund, its largest, gained 2.5% during the first half of the year.

Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market

The Apex strategy from Cliff Asness' firm combines stocks, macro and arbitrage trades.

Powell confirms that the Fed would have cut by now were it not for tariffs

The U.S. central bank would likely have begun cutting interest rates again if not for the levy plan, the Fed chief said.

Watch Fed chief Jerome Powell speak at an ECB panel in Portugal

The stream is slated to start at 9:30 a.m. ET.

3 forces driving a record week for stocks as 7 portfolio names hit new highs

The S&P 500 and Nasdaq Composite jumped to all-time highs Friday, a remarkable comeback from the dark days of April.

Bank investors bet on looser regulation under Trump. They are starting to see it

The Federal Reserve proposed changes this week that would lower capital requirements for large U.S banks.

Trump's war against the Powell Fed has taken another political turn

While Trump's name-calling of Powell isn't particularly new, the words now could signal action.

How the Republican megabill targets immigrant finances

Provisions in Republicans' tax and spending bill would make the financial lives of immigrants harder, even those here legally, experts said.

China's Xiaomi undercuts Tesla with yet another cheaper car

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.

How the stock market made it back to a new record — even with so much still to worry about

The wall of worry has been crumbling with trade deals in motion and the economy remaining in solid shape.
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