Finance

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans…

Why ARK Invest thinks it’s an ‘amazing time’ to invest in cutting-edge tech

ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief…

Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates

Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.…

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions…

Barclays shares up 6% as bank swings back to profit in first quarter amid strategic overhaul

LONDON — Shares of Barclays rose nearly 7% on Thursday after the bank reported first-quarter net income attributable to shareholders of £1.55…

Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery

Deutsche Bank shares popped to a more than six-year high on Thursday, after the German lender reported a 10% rise…

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

South Korean memory chipmaker SK Hynix on Thursday reported a net profit of 1.92 trillion South Korean won ($1.39 billion)…