Zheng Chao

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It hasn't been this bad for the car-insurance industry in 15 years, and it's all the strong economy's fault

One could assume that as the auto industry boomed in 2015, breaking decades-old sales records, it would portend a positive trend for the auto-insurance industry.<p>Nope.<p>"Our proprietary 'Pure Premium Spread', which measures underlying profitability for the personal auto insurance industry, weakened to …

These 3 charts explain why Warren Buffett loves railroads

But when you're cursed with the blessing of billions of dollars in surplus cash, as Buffet is, base hits are more plentiful than home runs. And though BNSF is unlikely to be a one-decade 100-bagger for Berkshire, it's an investment that is clearly paying off for Berkshire shareholders.

Fitbit Hit With New Investor Suit Over Alleged Fraud, Share Price Drop

It’s going from bad to worse for Fitbit. Consumers last week sued the maker of fitness trackers over claimed inaccuracies in its heart rate monitor, …

This is the first thing investors should look at every morning

That means that to stay ahead, US traders have to start looking at something new when they wake up: the spread between the onshore and offshore yuan (or renminbi).<p>To recap, the onshore yuan, or CNY, is set by the government, while the offshore yuan, or CNH, is set by the market.<p>We know that …

Why Ukraine No Longer Needs Russian Gas

Not so long ago, Russia could bend Ukraine to its will by threatening to cut off natural gas supplies. Now, Russia is offering discounts, but Ukraine …

Fed Employee Hired By Pot Investment Firm to Crack Banking Sector

A former Fed bank examiner is going to pot. Literally.<p>Dante Tosetti has gone from a post with the Federal Reserve Bank of San Francisco to a new position with Privateer Holdings Inc., a holding company that invests in cannabis businesses.

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