News

China's Xi says the world faces 'peace or war' as Trump claims Beijing conspiring against U.S.

Russian President Vladimir Putin and North Korea's Kim Jong Un are among the leaders from more than 20 countries attending the "Victory Day" military parade in Beijing.

Pepsi shares jump 4% after WSJ reports Elliott planning major activist campaign

The Paul Singer-founded Elliott's bet in Pepsi is worth about $4 billion, the Journal reported, citing people familiar with the matter.

Pickleball is just getting started in China

Online sales of pickleball paddles and related equipment in China have skyrocketed, according to data from WPIC Marketing + Technologies.

China's Xi urges AI cooperation, rejects ‘Cold War mentality’ at SCO summit

It is unclear if the SCO summit will pave the way for any breakthroughs in easing tensions, though Beijing has sought to cast itself as a global peacemaker.

'We shouldn't ignore this:' Longtime investor Rebecca Patterson warns Trump could damage Fed independence

Politicizing the Fed could have long-term economic consequences, according to former Bridgewater Associates chief investment strategist Rebecca Patterson.

Here's what it really means for Trump to get control of the Federal Reserve board

Since taking office in January, Trump has placed the Fed directly in the crosshairs of executive power.

Fed's Waller, a candidate for chair, sees potential for half-point cut if labor market weakens further

Waller said he believes the Fed can use its power over rates to stave off further labor market weakening. "So, let's get on with it," he said.

How Italy's banking M&A wave started crashing

The merger fever that's gripped Italy's banking sector showed signs of abating this summer — but its end isn't nigh.

Affirm's stock soars 15% on earnings, revenue beat

Affirm's earnings per share of 20 cents for the quarter was almost double what Wall Street expected.

Lisa Cook's lawsuit against Trump skirts mortgage fraud allegation

The document calls the fraud allegation "unsubstantiated and unproven" but does not go into detail about why that is the case.

Fed's John Williams stresses independence as Trump moves to fire Lisa Cook

The influential policymaker avoided commenting directly on Trump's efforts to fire Cook.

Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods

Travelers could score discounts on high-end items like watches and clothing by buying overseas. However, the strategy comes with risks.
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