markets

Italy is a bargain for vacationing Americans. Not so much for Italians

RIMINI, Italy — The seaside town of Rimini is the Jersey Shore of Italy: From here to the port town of…

Is China heading for Japan-like stagnation? Economist says the worst is likely behind us

BEIJING — China’s economic recovery from the pandemic is set to broaden, meaning the country isn’t headed toward Japan-style stagnation…

‘Not just a fad’: Firm launches fund designed to capitalize on A.I. boom

A major ETF firm provider is betting the artificial intelligence boom is just starting. Roundhill Investments launched the Generative AI…

Crypto bill from Republicans lays out clear roles for SEC and CFTC

Republican lawmakers released a draft bill on Friday that would provide crypto assets and exchanges a clearer regulatory plan, allowing…

Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more

Check out the companies making headlines in midday trading. Lululemon — The athleisure apparel company rallied 11.3% on strong fiscal…

Why wealthy Americans love UBS, the secretive Swiss banking giant

With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…

Here’s where the jobs are for May 2023 — in one chart

The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…

Payrolls rose 339,000 in May, much better than expected in resilient labor market

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds,…

Chinese EV startup Li Auto says car deliveries more than doubled in May

BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus…