News

Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays

A U.K. Treasury department spokesperson said the government will set out plans to regulate "buy now, pay later" plans "shortly."

Chinese EV startups are spending more on research than Tesla is

U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.

Job seekers are sour on the cooling labor market

Confidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.

Here's why you may get a smaller pay raise next year

Companies expect the typical worker's annual pay increase to shrink from 4.5% to 4.1% for 2025, according to a poll.

Major global chip equipment makers' China revenue share has doubled since U.S. imposed export controls

Four of the world's largest chip equipment manufacturers have more than doubled the share of their China revenue since late 2022, Bank of America analysts said.

Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more

These are the stocks posting the largest moves in extended trading.

A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning

Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.

Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.

'Just buying, buying, buying’: What the recent small-cap boom suggests about the appetite for risk

The money flow into small caps may not be a rotation from winning growth trades.

CFPB cracks down on popular paycheck advance programs. Here's what that means for workers

The watchdog proposed a rule that would label earned wage access programs as loans. Fees would need to be expressed in APR terms, like a credit card.

In the face of trade tensions, China says it will focus on its own economy

Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions.

‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say

A tax credit for leased electric vehicles is subject to laxer rules than those that apply to purchases of new EVs.
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