Economy

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus…

Key Fed inflation gauge at 2.2% in August, lower than expected

Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce…

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in…

Swiss central bank cuts rates by a quarter point in third trim this year

The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest…