News

The West is recycling rare earths to escape China’s grip — but it’s not enough

China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.

JPMorgan Chase is heading upmarket to woo America’s millionaires

The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from the nearly 5,000 Chase branches.

Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7

Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.

Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty

The central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold.

Personal finance app Monarch raises $75 million despite 'nuclear winter' for fintech startups

Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals.

House Republican tax bill favors the rich — how much they stand to gain, and why

A tax and spending package passed by House Republicans funnels most of its financial benefits to the rich and leaves many low earners worse off.

Ray Dalio says to fear the bond market as deficit becomes critical

The billionaire investor is not hopeful politicians will be able to reconcile their differences and lessen the country's debt load.

Dealmaking rebounds after Trump's tariffs cut off a budding M&A boom

The pace of mergers and acquisitisons is picking up this month, with more than 300 deals announced as of May 20, collectively valued at more than $120 billion.

China’s Xiaomi claims new phone chip rivals Apple at a cheaper price

Chinese smartphone company Xiaomi is taking on Apple’s iPhone with an advanced chip and cheaper phone.

Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

One Chinese baby products company announced it is officially entering the United States, the world's largest consumer market — regardless of the trade war.

JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse

JPMorgan Chase CEO Jamie Dimon said markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.

Klarna doubles losses in first quarter as IPO remains on hold

Klarna said its net loss for the first three months of 2025 totalled $99 million, up 110% from a year ago.
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