Finance

China’s electric car race is becoming more about chip prowess as companies focus on tech

BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat…

Biden and Xi to speak after rare U.S. security advisor trip to China

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in “coming…

401(k) auto-enrollment features don’t help savings as much as expected, study finds

Employers are increasingly putting workers’ 401(k) plan savings on autopilot. But the positive impact of automated retirement savings is more…

Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to…

U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up

BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical…

JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng

Hong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index…

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

BEIJING — Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with…