The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok,…
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Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says
Tsingha25 | Istock | Getty ImagesLedgers of the failed fintech middleman Synapse show that nearly all the deposits held for…
The stock market is in its longest stretch without a 2% sell-off since the financial crisis
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024.Angela Weiss |…
China has spent at least $230 billion to build its EV industry, new study finds
Workers assemble a Wuling Hongguang Mini EV, an all-electric microcar manufactured by SAIC-GM-Wuling, at a plant of the joint automaker…
China talks up support for IPOs. Investors are watching the speed of approval
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE)…
How investors can stay protected with emerging market opportunities
Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert.Ben Slavin, global head of…
Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference…
More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer
New York Gov. Kathy Hochul.Lev Radin/Anadolu Agency via Getty ImagesNew York is launching a program offering homeowners up to $14,000…
Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28,…
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German…
Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund…
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024.CNBCBerkshire Hathaway, an early…
This ETF strategy may help investors skirt market concentration risk
Investors worried about concentration risk in the market may want to consider value-oriented investments.Avantis Investors chief investment strategist Phil McInnis…
This fintech configures expense cards to block misuse — and investors just backed it with millions
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8…
Roaring Kitty’s GameStop stake grows to 9 million shares after selling his big options position
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024.Source: Roaring Kitty | YouTubeMeme stock champion Keith…
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to…
Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before…
Here’s the Fed’s new rate forecast that’s moving the markets
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s…
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
Keith Gill, a Reddit user credited with inspiring GameStop’s rally, during a YouTube livestream arranged on a laptop at the…
Affirm buy now, pay later loans will be embedded into Apple Pay later this year
Chris Ratcliffe | Bloomberg | Getty ImagesApple device users will soon be able to tap into buy now, pay later…
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