News

China vows to boost domestic consumption, tech self-reliance in next five years as Fourth Plenum wraps

China's top leaders signaled their priorities for the next five years in a readout released Thursday at the end of a four-day meeting.

China strikes conciliatory tone ahead of expected Trump-Xi meeting

Chinese Commerce Minister Wang Wentao told reporters Friday that the U.S. and China can still find ways to work together, and that Beijing opposes decoupling.

With stock market concentration risk at peak, 'it's cash, precious metals, and then crypto' as new normal

A handful of mega-cap tech and AI stocks dominate the U.S. market, an imbalance that has investors looking to bigger hedges.

The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here's what happened

More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10.

China's property slump is far from bottoming. But Beijing is prioritizing tech growth

Chinese policymakers won't likely release much more support for the struggling property sector, as tech competition and other issues are more pressing.

Beyond Meat shares fall 1%, giving up a triple-digit gain as meme rally fizzles

The reversal comes just one day after the stock enjoyed its best day ever.

Western Alliance CEO says alleged loan fraud is 'incredibly frustrating' but isolated issue

Regional banks are getting a reprieve this week after Western Alliance and Zions reported results that didn't include any new loan meltdowns.

Barclays ups guidance, announces surprise $670 million share buyback

Barclays CEO said he looked forward to "sharing updated targets to 2028" alongside the bank's full-year earnings.

Baidu's Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Baidu's Apollo Go robotaxi unit plans to begin tests in Switzerland this year, with the aim of launching a public-facing service by the first quarter of 2027.

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

Jana has partnered with Kelce, Glenn Murphy and Dave Habiger in a group that now holds a roughly 9% stake in the amusement park operator.

Beyond Meat soars 146% after addition to meme ETF, Walmart deal

Plant-based alternative meat company Beyond Meat will expanded distribution across the United States through an agreement with Walmart.

Investor Lauren Taylor Wolfe says we are 'absolutely' in an AI bubble now

Lauren Taylor Wolfe, co-founder of Impactive Capital, said the surge in enthusiasm around artificial intelligence has all the markings of a bubble.
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