China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive —…
Jim Cramer takes issue with Wolfe Research’s ‘very gutsy call’ on this financial stock
Discover Financial Services (DFS) stock surged 1.82% Thursday morning following an upgrade from Wolfe Research, to trade around $90 apiece.…
Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
Spirits were high when Dutch payments firm Adyen floated on the Amsterdam stock exchange in 2018. The company was riding…
China is considering countermeasures to Biden’s executive order
BEIJING — China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to…
UK launches £1 billion fintech fund to compete with Silicon Valley
The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a…
New A.I. working group aims to shape policy for key Democratic bloc
WASHINGTON — Democrats on Capitol Hill are forming a new working group on artificial intelligence and prioritizing how to prevent…
Bankman-Fried used customer funds for $100 million in U.S. political donations, prosecutors charge
Sam Bankman-Fried used stolen customer funds to make more than $100 million in political campaign contributions ahead of the 2022…
‘Dangerous point for investors’: Strategist warns of overconfidence about A.I.
Market participants are “overconfident” about their ability to predict the long-term effects of artificial intelligence, according to Mike Coop, chief…
With eyes on Taiwan, new China ban shows the U.S. may be learning lessons from mistakes with Russia
LONDON — U.S. moves to de-risk from China with a new investment ban suggest that Western allies may be learning…
At a former Solo cup factory turned wind tower plant, Biden showcases a green energy revolution
President Joe Biden visited a former Solo cup factory that has been renovated into a wind tower plant in Belen,…
