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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.Read More...
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.Read More...
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.Read More...
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.Read More...
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.Read More...
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.Read More...
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