News

JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng

The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March.

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla.

Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

Some big retailers have been levying a fee on customers who ask for cash back on purchases. That disproportionately hurts those in banking deserts.

Buy now, pay later firm Klarna swings to first-half profit ahead of IPO

Klarna said it made an adjusted operating profit in the first half of 2024, swinging into the black as the firm nears a hotly anticipated IPO.

Xpeng releases mass-market EV with basic driver-assist for less than $20,000

Chinese electric car company Xpeng has announced that its mass-market brand Mona will start selling cars for less than $20,000.

Volkswagen China is spending lots of time at Xpeng to make new EVs

German auto giant Volkswagen is spending more time at Xpeng than the other way around, Xpeng co-president Brian Gu told CNBC on Monday.

BHP CEO expects a turnaround in China's property sector in year ahead

BHP's CEO Mike Henry said he expects China's property sector to see a rebound in the upcoming year on the back of favorable government policies.

The IRS has a method of 'last resort' to collect overdue taxes: Revoking your passport

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as "seriously delinquent."

Why dividend stocks should be a hot play into fall

Ahead of the Fed’s September rate cut decision, more investors are focusing on public companies delivering cash payouts.

How investors can prepare for lower interest rates: It's 'like getting a haircut,' advisor says

Federal Reserve chair Jerome Powell said Friday that "the time has come" to adjust interest-rate policy. Here's how investors can get ready for rate cuts.

Fed Chair Powell indicates interest rate cuts ahead: 'The time has come for policy to adjust'

Powell laid the groundwork for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.

Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference

Jerome Powell delivers his keynote speech at 10 a.m. on Friday for the central bank's annual retreat in Jackson Hole, Wyoming.
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