News

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.

Why remote work has staying power: It's 'still kicking,' economist says

The pandemic-era trend of working remotely has endured largely because it benefits both workers and businesses, economists said.

Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more

See which stocks are posting big moves after the bell.
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