markets

Tesla’s Chinese rival Nio cuts price for new Onvo-branded car

HEFEI, China — There’s yet another Chinese electric car aiming to undercut Tesla, with a steeper discount. Onvo, the lower-priced…

Trump Media hits new post-merger low as DJT sale restrictions set to lift

Shares of Trump Media fell to a new post-merger low Thursday, the day that former President Donald Trump is expected…

Bank of England presses pause on rate cuts, highlights ‘gradual approach’

LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in…

Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors

Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors joining the platform, CEO Richard…

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…

The Fed forecasts lowering rates by another half point before the year is out

The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank…