Citi says has become the first U.S. bank to receive a domestic fund custody license from the Chinese regulator, while New York-based global asset management giant BlackRock gained approval last month to establish a local subsidiary.

Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“

Macy’s said its second-quarter digital sales were up 53% from a year ago.

A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today’s retirees, according to a Credit Suisse report.

Investors — even market bulls — who are trying to figure out what will break the market’s momentum are just about at a loss for arguments.

Higher relative exposure to tech names like Amazon, Apple, Microsoft and Tesla has led to greater returns for women-led mutual funds this year, according to Goldman Sachs.

Apple and Tesla rose sharply on Monday, the first day of their stock splits.

Wall Street is prepping for a return to the post-Great Recession days, when rock-bottom rates prevailed for seven years before the Fed even tried moving them higher.

Shares of embattled Eastman Kodak surged on Tuesday after hedge fund D.E. Shaw announced a more than 5% stake in the company.

News of the purchases came on the Oracle of Omaha’s 90th birthday.