Current Business News

Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship.

Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.

Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

Deutsche Bank reported first-quarter earnings on Thursday.

AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.