The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
Electric vehicles appear to be gaining further ground in China's automobile market, and companies are betting that the trend will continue.
An example of that optimism, is Chinese ride-sharing giant Didi Chuxing's announcement last week that it plans to set up an e-vehicle sharing service with 12 automakers. Those automakers will include both Chinese players, such as Geely and BYD, as well as a couple of foreign firms, like South Korea's Kia Motors, and the Renault-Nissan-Mitsubishi Alliance.
Didi, which bought out Uber's China operations back in 2016, also said it would be opening up its ride-hailing platform to the automakers' own sharing services.
So far, the introduction of electric vehicles in the Chinese automobile market has seen strong sales figures.
"Sales volumes for new-energy vehicles exceeded 700,000 last year, and this number is further expected to increase to more than 2 million in 2020, and to more than 5 million in 2025," said Kevin Li, a China-based senior analyst at Strategy Analytics.
He added there would be fierce competition between those vehicles and the traditional automobiles about seven to eight years down the road.
Sales for e-vehicles have also been so strong, he said, that the government even had plans to reduce and cancel local subsidies for their production and sales last December.
However, that has not stopped many automotive start-ups from continuing to work on research and development and the production of new electric vehicles to cater to the rising demand, he added.
Aside from Didi, Japanese automaker Nissan already has designs on the market. Nissan said earlier this month it plans to sell its all-electric Leaf in China this year and plans to develop 20 electric models with its Chinese partner over the next five years.
Just last October, electric automaker Tesla also struck a deal to build a factory in Shanghai that would focus on making Model 3 sedans and Tesla's planned crossover vehicle, the Model Y, for China and for some surrounding countries.
—The Associated Press contributed to this report.