Finance

Huawei’s trifold phone is proving popular among Apple iPhone fans in Beijing

BEIJING — Many of Apple‘s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC…

Tesla’s Chinese rival Nio cuts price for new Onvo-branded car

HEFEI, China — There’s yet another Chinese electric car aiming to undercut Tesla, with a steeper discount. Onvo, the lower-priced…

What buying Commerzbank would mean for UniCredit — and the banking sector

UniCredit‘s move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger…

Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors

Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors joining the platform, CEO Richard…

Ray Dalio calls upcoming U.S. election the most consequential of his lifetime

Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the…

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…

The Fed forecasts lowering rates by another half point before the year is out

The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank…