Global Finance

As the electric vehicle (EV) landscape in China evolves at breakneck speed, recent pricing strategies have stirred anxiety among domestic automakers and global competitors alike. Industry titan BYD has made headlines by slashing prices on its lower-end battery electric vehicles (BEVs) and hybrid models by nearly 30%. The highlight of this aggressive pricing campaign is

Starling Bank, the British online lender renowned for its user-friendly services and application, has reported a significant decline in its annual profit for the year ending March 31, 2025. With profits plummeting nearly 26% year-over-year to £223.4 million ($301.9 million), the firm is grappling with the aftermath of two critical issues. The first is a

JPMorgan Chase stands at the forefront of a financial revolution, utilizing a fresh perspective on wealth management that diverges from traditional practices. In a time when many banks are banking on digital advancements and tech-centric services, JPMorgan is reintroducing the concept of physical branches tailored specifically for high-net-worth individuals. This isn’t just a cosmetic upgrade—it’s

Xiaomi, a name synonymous with cutting-edge smartphones and smart home technology, has recently embarked on an ambitious journey into the electric vehicle arena. Less than a year after unveiling its first electric car, the SU7 sedan, the company is now setting its sights on the popular Tesla Model Y with the launch of the YU7

The recent passage of House Republicans’ sweeping legislative package, ironically dubbed the “One Big Beautiful Bill Act,” has resurfaced critical discussions surrounding wealth inequality in America. While the bill is ostensibly designed to provide broad financial benefits, the glaring truth lies in the disheartening reality that those in the lowest income brackets stand to lose

In an era where managing finances is increasingly vital for everyday Americans, the personal finance startup Monarch is positioning itself as a transformative force in the industry. With a robust funding infusion of $75 million, Monarch is setting the stage for a substantial shift in how consumers manage their financial lives. Founded in 2018 and

In the tumultuous landscape of U.S. trade policy, the recent tariff threats from former President Donald Trump serve as a critical inflection point for the economy and Federal Reserve policy. Chicago Federal Reserve President Austan Goolsbee’s remarks highlight a growing concern that escalating trade tensions could undermine economic stability, making it increasingly challenging for the

The smartphone industry is at a pivotal crossroad, where innovation and pricing strategies are key determinants of success. Chinese tech giant Xiaomi has thrown down the gauntlet against Apple, asserting itself with both technological advancement and economically appealing products. In a bold move, Xiaomi introduced its latest offering, the Xiaomi 15S Pro, a device designed

In a significant move that signals an evolving landscape in the baby products industry, Bc Babycare, a Shanghai-based company, has announced its official entry into the U.S. market. This ambitious step comes despite ongoing trade tensions between the U.S. and China, highlighting a strategic pivot towards supply chain diversification and capitalizing on the vast untapped

In a surprising turn of events, Klarna, one of the most recognizable names in the buy now, pay later (BNPL) industry, reported a staggering net loss of $99 million for the first quarter of 2025. This figure marks a significant increase from the $47 million loss during the same period a year prior. The company’s

In an era where the U.S. population is aging rapidly, the impending financial burden of long-term care (LTC) looms larger than ever before. Long-term care is not merely a personal concern; it is a national crisis waiting to unfold. As highlighted by experts in the field, the estimated average cost for long-term care services can

After an impressive surge that saw gold prices soaring by 35%, the commodity is experiencing a cooling-off period. Nonetheless, industry experts are optimistic about its prospects. David Schassler of Van Eck, a prominent figure in multi-asset solutions, articulated on CNBC’s “ETF Edge” that the environment couldn’t be better for gold investments. Economic indicators such as