Finance

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire…

Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will…

GameStop, AMC tumble as meme stock rally fizzles after just two days

GameStop and AMC shares fell Wednesday as the meme stock trading frenzy showed signs of fizzling. The brick-and-mortar video game…

China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data

BEIJING — As China’s economy moves into the second quarter of the year, a few indicators are pointing to sluggish…

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central…