business news

China consumption shows ‘no sign’ of a strong V-shaped recovery, McKinsey says

BEIJING — China’s consumer isn’t going to be spending big anytime soon, which means companies need to be more strategic…

SEC meets with Grayscale, BlackRock about potential bitcoin ETFs

The U.S. Securities and Exchange Commission is formally engaging with asset managers ahead of a much anticipated decision on whether…

Crypto ally Rep. Patrick McHenry fights for industry-backed regulation bill

WASHINGTON — One of crypto’s most powerful allies in Congress is fighting this week to make sure that an industry-backed…

Cathie Wood’s Innovation ETF is up 31% in November, notching its best month ever

Cathie Wood notched her best month ever as her holdings of innovative technology stocks roared back from steep losses amid…

Return to office is ‘dead,’ Stanford economist says. Here’s why

The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work…

Trump gag order in fraud case reinstated by New York appeals court

A New York appeals court Thursday reinstated a gag order on Donald Trump in the former president’s $250 million civil…

Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive…