In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west
Finance
Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | Getty Images WASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring Russia isn’t able to
U.S. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, and Federal Reserve board member Lael Brainard to serve as vice chair, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. Kevin Lamarque | Reuters President Joe
Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turned a corner when it comes to regulation. The bosses of several major crypto companies told CNBC regulators are beginning to
In this article XRP.CM= PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in
Stock futures were little changed Wednesday evening as investors awaited quarterly earnings results from the biggest U.S. banks. Futures tied to the Dow Jones Industrial Average inched lower by 0.04%. S&P 500 futures and Nasdaq 100 futures slipped 0.08% and 0.04%, respectively. In regular trading the Dow advanced about 344 points, or 1%. The S&P
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures were flat in overnight trading as investors weighed the latest inflation data for March. Futures on the Dow Jones Industrial Average rose 20 points or 0.06%, while S&P 500 futures
In this article BKNG Ripsy Bandourian, head of Europe at Plaid. Plaid LONDON — Financial technology firm Plaid has hired Ripsy Bandourian, a long-time Booking.com executive, to head up its European operations. Bandourian joined Plaid last week and is working out of its Dutch offices in Amsterdam. She’ll be tasked with leading the San Francisco-based
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a