Finance

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…

China talks up support for IPOs. Investors are watching the speed of approval

BEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial…

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…

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property,…

Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project

Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will…

Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady

BEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back…

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche…

Steve Cohen is set to make a big push into investing in AI

Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according…