News

Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway

Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship.

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech

ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.

Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates

Stocks fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

Barclays swings back to profit in first quarter amid strategic overhaul

Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

Deutsche Bank reports 10% profit rise in first quarter, beating expectations

Deutsche Bank reported first-quarter earnings on Thursday.

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO 

The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden. 

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.
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