News

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.

Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.

Valuations of Chinese stocks are "way too low," according to Shaun Rein, founder and managing director of the China Market Research Group.

In 2023, Amtrak revived long-held hopes for a Texas bullet train, in an attempt to capitalize on $66 billion in federal funds for passenger rail upgrades.

The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds.

For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions."

China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.

The newspaper said investigators have contacted passengers, pilots and flight attendants on the flight where a section of the plane ripped off midair.

On Friday, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week.

The top holdings of many ESG funds may be surprisingly familiar.

Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, up from the previous limit of $500.