Finance

Cisco is ‘very optimistic’ about its expanding business with China EVs

DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas,…

The stock market is in its longest stretch without a 2% sell-off since the financial crisis

Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500 has gone 377 days without…

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American…

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app…

China has spent at least $230 billion to build its EV industry, new study finds

BEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis…