News

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.

Fed keeps rates steady as it notes 'lack of further progress' on inflation

With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.

Why hundreds of U.S. banks may be at risk of failure

Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.

NYCB shares jump after new CEO gives two-year plan for 'clear path to profitability'

CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision

Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko.

New Calamos ETF promises ‘100% downside protection.’ Here's how it works

“There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.

Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more

These are the stocks posting the largest moves in extended trading.

This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows

Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.

HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire

HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.

Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules

Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.
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