Finance

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. The company claimed in a social media post

China has set a GDP target of around 5% for yet another year, amid analyst concerns of insufficient policy support to reach the goal. Bloomberg | Bloomberg | Getty Images Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy, according to Shaun Rein, founder

The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200

Chesnot | Getty Images News | Getty Images Bitcoin prices rallied on Monday to hit a fresh record high above $71,000, after the British financial watchdog said it would allow institutions to file applications for cryptocurrency-linked exchange-traded products for the first time. The Financial Conduct Authority said in a notice Monday that it would not

China’s real estate sector has employed many construction workers, who typically live in temporary housing nearby. Bloomberg | Bloomberg | Getty Images BEIJING — China’s struggling real estate developers won’t be getting a major bailout, Chinese authorities have indicated, warning that those who “harm the interests of the masses” will be punished. “For real estate