Finance

China is making it much easier for foreigners to use mobile pay

BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without…

Powell says the Fed is ‘not far’ from the point of cutting interest rates

Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may not be too far off if inflation…

Bailing on the stock market during volatility is a ‘loser’s game,’ financial advisor says. Here’s why

Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail…

Watch Fed Chair Powell testify live before Senate Banking Committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent

New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1…