Finance Latest investing news and finance headlines straight from Wall Street.
- China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny...at 5:27 am
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
- Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchangedat 8:04 pm
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.
- Fed keeps rates steady as it notes 'lack of further progress' on inflationat 7:28 pm
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
- Here's what changed in the new Fed statementat 6:09 pm
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.
- Why hundreds of U.S. banks may be at risk of failureat 3:53 pm
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
- NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'at 3:26 pm
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
- New Calamos ETF promises ‘100% downside protection.’ Here's how it worksat 11:07 pm
“There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.
- Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices...at 9:14 pm
These are the stocks posting the largest moves in extended trading.