Traders work on the floor of the New York Stock Exchange on Aug. 22, 2025, in New York City. Spencer Platt | Getty ImagesFriday's booming rally turned into Monday's reality check as investors weighed just how aggressive the Federal Reserve will be on lowering interest rates and how the moves...
Category: Finance
China’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China's Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car companies are increasing investments...
Fed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move
Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates.Previously, Goolsbee has spoken of a "golden path" that would combine moderating inflation and a stable labor market and lead to...
EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says
Halfpoint Images | Moment | Getty ImagesConsumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for...
Using my phone as a Paris guidebook cost me $50 — here’s how to save on your bill when traveling abroad
Alina Rudya/bell Collective | Digitalvision | Getty ImagesI didn't think much of my daily cell phone use during a vacation to Paris in May.But by the end of the five-day trip, I'd amassed almost $50 in extra charges — for fairly routine tasks like checking restaurant hours and menus, or...