U.S.-traded shares of Nio and other Chinese EV makers are down sharply on delisting fears

U.S.-traded shares of Nio and other Chinese EV makers are down sharply on delisting fears

U.S.-listed shares of Chinese electric vehicle makers opened sharply lower on Monday, under pressure with other Chinese companies’ U.S.-listed issues amid a new round of delisting fears. Shares of Nio, XPeng, and Li Auto were all down over 10% in early trading…

JPMorgan is winding down its Russia operations amid widening business exodus over Ukraine war

JPMorgan Chase, the biggest U.S. bank by assets, is stepping away from Russia.“In compliance with directives by governments around the world, we have been actively unwinding Russian business and have not been pursuing any new business in Russia,” company spokeswoman Tasha Pelio…

Dow futures jump 400 points on hope there will be progress in Russia-Ukraine ceasefire talks

Dow futures jump 400 points on hope there will be progress in Russia-Ukraine ceasefire talks

Stock futures rose ahead of Friday’s session following a report that ceasefire talks could be gaining traction between Russia and Ukraine. Russian President Vladimir Putin said that “certain positive shifts” have occurred in the talks. The report coincided with a sharp acceleration…

Bitcoin drops below $40,000, almost wiping out gains from Biden’s crypto executive order

Bitcoin drops below $40,000, almost wiping out gains from Biden’s crypto executive order

Bitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden’s executive order on digital assets faded. Bitcoin was last down more than 6% at $39,324.04.On Wednesday, bitcoin surged as high as $42,577 after starting…

Square is building a decentralized finance business using bitcoin

Square is building a decentralized finance business using bitcoin

Payments company Square is launching a business dedicated to “decentralized financial services” using bitcoin. Square CEO and bitcoin bull Jack Dorsey said on Twitter late Thursday that the company is “focused on building an open developer platform with the sole goal of making it easy to…

Delta variant might be a reason to extend unemployment benefits, say economists

Delta variant might be a reason to extend unemployment benefits, say economists

The rapidly spreading delta variant of Covid-19 may be reason for Congress to extend federal unemployment benefits past their expiration in early September, according to some labor economists. Rising Covid caseloads, largely the result of the more transmissible virus strain, threaten to undermine the…

Didn’t get your first or second stimulus? Here’s what to do if you must file a tax return for them

Didn’t get your first or second stimulus? Here’s what to do if you must file a tax return for them

Still crossing your fingers that a second stimulus payment will show up soon? Unfortunately for those who haven’t received money yet, the latest relief rollout will not stretch out like we saw last year when some people received stimulus money in April…