News

Watch Fed Chair Jerome Powell speak live on economy, policy views

The central bank leader speaks Monday to the National Association for Business Economists in Nashville.

States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out

Arizona, Maine, New York, New Mexico, Rhode Island and Wisconsin have launched consumer rebate programs tied to energy efficiency.

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

The Shanghai Composite rallied 8.06% in its best day since September 2008.

'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech

Chinese President Xi Jinping made no mention of specific countries or trade conflicts in his Monday speech and portrayed Beijing as upholding globalization.

Treasurys on the blockchain: How a new deal could reshape the ETF industry

Blockchain technology and tokenization are starting to challenge the traditional ETF model.

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.

China optimism is surging. Why some investors are cautious

China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

David Tepper says the Fed has to cut rates at least two or three more times to keep credibility

Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in a good economy like it did in the 1990s.

Google backs a startup that aims to bring mixed reality to any car windshield or plane cockpit

Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

China's Xi and top leaders call for halting real estate decline, responding to public concerns

While the meeting readout did not provide many details, it is significant for a country where policy directives are determined at the very top.

France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank

BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe's banking sector.
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