China’s cities may see ‘flying taxis’ as soon as three years, aviation company Ehang predicts

Key Points

Ehang earlier this week said it was the first in the world to obtain a certificate for operating a pilotless aerial vehicle that can carry humans.
The certification clears the way for flying taxis to become a viable method of transportation in some Chinese cities over the next three to five years.
Analysts and researchers say the certification shows how China is a leading innovator in the future of transportation and mobility.

Source

Finance

China’s property slump is far from bottoming. But Beijing is prioritizing tech growth

October 23, 2025

Key Points Chinese policymakers will likely focus more on tech development than real estate as tensions with the U.S. escalate. “The government believes the property market is bottoming,” said Zhu Ning, author of “China’s Guaranteed Bubble.” But he believes “it is a gradual process and may take more time before reaching the bottom.” Source

Finance

Stocks making the biggest moves after hours: IBM, Tesla, Moderna and more

October 22, 2025

Check out the companies making headlines in after-hours trading. Southwest Airlines — Shares of the airline gained 2% on the back of a surprise quarterly profit . Southwest also said that demand and fares are both improving. The company reported adjusted earnings of 11 cents per share, while analysts polled by LSEG had expected a […]

Finance

Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue

October 22, 2025

Key Points Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank’s CEO said he believes the alleged loan fraud that sparked a selloff last week is an isolated case. The Cantor Group episode forced Western Alliance to review other loans in its note finance portfolio, […]