Stock 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…

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…

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…

Point72’s Steve Cohen is stepping back from trading his own book

Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor,…