News

UK clamps down on 'wild west' of buy now, pay later sector with new rules

Buy now, pay later plans are set to face regulation in the U.K. after the government laid out proposals to bring the short-term loans under formal rules.

China's April retail sales growth of 5.1% misses expectations as consumption remains a worry

Industrial output grew 6.1% in April, stronger than analysts' expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.

Long-term care costs can be a 'huge problem,' experts say. Here's why

Long-term care can cost well over $100,000 but households aren't prepared, experts say.

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

The staff cuts could result in more than 2,000 fewer jobs at the U.S. central bank.

How to trade gold and bitcoin after the big stock market rebound

Gold could resume its rally and head for $5,000, and it might be a good time to take some risk out of bitcoin investing, according to ETF experts.

Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost

Alibaba, Tencent and JD.com reported earnings that showed better Chinese consumer spending — and the growing benefits of artificial intelligence in advertising.

Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its 'doom and gloom' commentary

Bill Simon, who ran Walmart from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs.

Fed's Powell cautions about higher long-term rates as 'supply shocks' provide policy challenges

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

EToro IPO filing cites Israel-Hamas conflict as potential business risk

The Israel-Hamas conflict and geopolitical tensions in the region could hurt eToro's operations, the company said in the risk factors of its IPO filing.

Key AI hub China restricts schoolchildren's use of the tech

China is restricting how much children can use generative artificial intelligence in schools, according to a local release citing the Ministry of Education.

Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old

"I didn't really start getting old … until I was about 90," Buffett said. "But when you start getting old, it does become — it's irreversible."

New York AG sues Capital One after Trump-led CFPB drops similar case

New York Attorney General Letitia James sued Capital One, accusing it of "cheating" customers out of millions of dollars, after the CFPB dropped a similar suit.
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