Nio states it will not be a part of the ‘price war’ and slash selling prices like Tesla

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Chinese electric powered vehicle organization Nio will hold its rates higher alternatively than chopping them, CEO William Li told CNBC in an job interview.
Elon Musk’s automobile business has this yr slashed prices in the U.S. and China.

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Finance

Trump wraps up two-day China trip; invites Xi for a September visit

May 15, 2026

U.S. President Donald Trump and Chinese President Xi Jinping meet on the sidelines of a visit to Zhongnanhai Garden on May 15, 2026 in Beijing, China. China Pool | Getty Images News | Getty Images BEIJING — U.S. President Donald Trump has invited Chinese President Xi Jinping to visit the White House on September 24, […]

Finance

Fed Governor Miran submits resignation, throws support behind Warsh as new chair

May 14, 2026

Key Points Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he […]

Finance

UFC’s Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market

May 14, 2026

Key Points Dana White in a letter to President Donald Trump urged him to reverse a cap on gambling loss deductions approved as part of his signature tax law. Odds that the cap is reversed this year jumped on prediction markets platform Kalshi. Source