Finance
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart.Even though affluent shoppers helped drive the retailer's latest beat on...
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China consumption slows as retail sales and investment data disappoint
Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024.Nurphoto | Nurphoto |...
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HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on...
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Canada Goose jumps 16% after the company reports growth surge in China
Chris So | Toronto Star | Getty ImagesShares of Canada Goose surged 16% on Thursday after the company reported earnings...
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Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn...
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBCWarren Buffett finally revealed...
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GameStop, AMC decline as meme stock rally fizzles after just two days
A GameStop store operates in a strip mall in Chicago on March 16, 2023.Scott Olson | Getty ImagesGameStop and AMC...
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China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data
People purchasing fruit at an agricultural trade market on May 11, 2024 in Lianyungang, Jiangsu Province of China.Vcg | Visual...
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AMC completes $250 million stock sale during meme rally, shares jump 90%
Victor J. Blue | Getty Images News | Getty ImagesAMC Entertainment raised about $250 million of new equity capital, completing...
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Freetrade, Britain’s answer to Robinhood, says its CEO is stepping down
Adam Dodd, co-founder of wealth technology app Freetrade, is stepping down as CEO.FreetradeLONDON — The boss of U.K. stock trading...
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