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Schwab Wants to Fix Its Struggling Bank. Investors Are Skeptical.
Roughly half of the brokerage’s revenue comes from banking.
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JD.com Shares Fall as Walmart Plans Up to $3.7 Billion Stake Sale
Hong Kong-listed shares in JD.com fell by the most in nearly two years after U.S. retailer Walmart moved to sell its stake in the e-commerce giant worth up to US$3.7 billion.
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Dollar Could Fall Below 140 Yen by End-2025
The dollar could fall below 140 yen by the end of 2025, with the interest-rate gap between the U.S. and Japan expected to narrow further, Mitsubishi UFJ Morgan Stanley Securities said.
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Alibaba, Tencent Cast Wide Net for AI Upstarts
China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge.
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Gaza Cease-Fire Talks Put Iran Attack on Hold
U.S. officials think Tehran is exercising restraint amid negotiations, but a breakthrough continues to appear elusive.
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How a General’s Blunder Left Russia’s Border Vulnerable
Col. Gen. Alexander Lapin dismantled a council that oversaw security in the Kursk province in the months before Ukrainian troops invaded.
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William Smith
Writer & Journalist