News

JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale

Walmart said the decision will allow it to "focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities."

How EVs and gasoline cars compare on total cost — where you live can make a huge difference

Electric vehicles generally have a higher purchase price. But EVs beat out gasoline-powered counterparts on total lifetime costs in certain cases.

'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?

Mike Lynch was only recently cleared of fraud charges in a landmark trial. Now, in a shock turn of events, he's gone missing after the sinking of a superyacht.

U.S., China sign agreement to cooperate on financial stability

The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.

What to know before investing in buffer ETFs

Investors may want to consider buffer ETFs to hedge the recent market volatility.

China's central bank says risks from local government debt have dropped

China's financial risks have dropped, including from local government debt, People's Bank of China Governor Pan Gongsheng said in interviews with state media.

Here's the deflation breakdown for July 2024 — in one chart

Prices in some areas of the U.S. economy have deflated, meaning they've declined.

Warren Buffett did something curious with his Apple stock holding

The identical 400 million share count in Apple and Buffett's oldest and longest position Coca-Cola prompted some to believe he is done selling the tech stock.

Klarna takes on banks with a personal account and cashback rewards ahead of IPO

Klarna, best known for its buy now, pay later loans, is launching a personal account for deposits and cashback rewards in the U.S. and Europe.

China's bond market intervention reveals financial stability worries

The country's latest efforts to stem a bond market rally shows that authorities are worried about financial stability, analysts said.

UBS CEO says it's too early to talk about a U.S. recession, but a slowdown is possible

UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.

Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla

Chinese electric car brand Zeekr announced new batteries on Tuesday, which the company says offer the fastest charge in the world.
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