markets

Justice Department charges MIT brothers with $25 million crypto theft that took 12 seconds

The Department of Justice on Wednesday announced the indictment of two brothers who graduated from the Massachusetts Institute of Technology…

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…

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that…

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…