Goldman-backed Starling Bank reports 26% profit drop as it flags Covid loan fraud issue
British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year.
Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate
International tourists are rethinking the U.S. as a travel destination amid tensions tied to trade and border policy.
European businesses have never been this gloomy about China
An annual survey of European companies in China found record lows across several metrics due to slower growth and geopolitical worries.
The West is recycling rare earths to escape China’s grip — but it’s not enough
China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.
Stocks making the biggest moves midday: Trump Media, Salesforce, Tesla, AMC Entertainment and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Tesla, Informatica, Newmont, CoreWeave and more
These are the stocks posting the largest moves in premarket trading.
JPMorgan Chase is heading upmarket to woo America’s millionaires
The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from the nearly 5,000 Chase branches.
Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7
Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.
Jaiprakash Associates’ lenders approve Rs 936 cr cash outflow in June quarter
Jaiprakash Associates’ lenders have approved a Rs 936.27 crore cash outflow for the current quarter to maintain operations amidst insolvency proceedings. The approved funds will cover operational and one-time expenses, ensuring the company remains a going concern. Simultaneously, the Enforcement Directorate initiated searches at the company’s offices on May 23, with Jaiprakash Associates fully cooperating […]
AI drives growth for a few Chinese companies. Analysts share their picks
Spending on artificial intelligence helped give some Chinese tech companies a boost in the first quarter, despite economic headwinds.