CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via ReutersJPMorgan Chase executives said the bank would increase share buybacks so that a...
Category: Finance
China’s electric car boom is expected to slow down in 2025
New electric vehicles destined for Belgium at a port in Taicang city in eastern China's Jiangsu province on Jan. 11, 2025.Future Publishing | Future Publishing | Getty ImagesBEIJING โ China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying...
Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir | ReutersThe early departure of the Federal Reserve's top financial...
Chinese robot vacuum cleaner company reveals model with an AI-powered arm
Beijing-based robot vacuum maker Roborock revealed a new model in January 2025 with an artificial intelligence-powered folding arm for removing obstacles.CNBC | Evelyn ChengBEIJING โ Chinese robot vacuum cleaner company Roborock revealed a new model on Monday that comes with a folding arm for removing socks and other obstacles โ...
If interest rates remain ‘higher for longer,’ the winners are those with cash accounts
Images By Tang Ming Tung | Digitalvision | Getty ImagesMany people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast.However, others with money in high-yield cash accounts will benefit from a "higher for longer" regime,...