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Breaking News: Markets

Despite reasons for its latest EV sales surge, there’s a lot going right at Ford

by Adesola Mojo
Despite reasons for its latest EV sales surge, there’s a lot going right at Ford

Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the …

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Categories Automobile

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

by Adrian Jhonsan
The rule capping credit card late fees at  is on hold — here’s what it means for you

Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen | Bloomberg …

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Categories World

Booming luxury travel and a jump in ‘relief’ loans

by Adrian Jhonsan
Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped …

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Categories World

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

by Adrian Jhonsan
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

Jim Simons attends the IAS Einstein Gala at Pier 60 at Chelsea Piers in New York City. Sylvain Gaboury | Patrick Mcmullan | Getty Images Jim Simons, a mathematician who …

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Categories World

Climate protesters try to break into Tesla Germany factory: Police

by Adesola Mojo
Climate protesters try to break into Tesla Germany factory: Police

Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Axel Schmidt | Getty Images Climate protesters angry about Tesla’s …

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Categories Automobile

Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say

by Adesola Mojo
Chinese EV maker Zeekr prices IPO at , at the top end of range, reports say

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. …

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Categories Automobile

CFPB rule faces possible freeze

by Adrian Jhonsan
CFPB rule faces possible freeze

Epoxydude | Fstop | Getty Images A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort …

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Categories World

How Apple’s record $100 billion-plus stock buyback benefits shareholders

by Adrian Jhonsan
How Apple’s record 0 billion-plus stock buyback benefits shareholders

We always say we love companies that are serial repurchasers of their stocks. That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in …

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Categories World

Bank of England set to hold rates as Europe heads for Fed divergence

by Adrian Jhonsan
Bank of England set to hold rates as Europe heads for Fed divergence

Variegated tulips planted in flower beds opposite the Bank of England in the City of London on 7th May 2024 in London, United Kingdom. = Mike Kemp | In Pictures …

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Categories World

Wall Street analyst jumps to Disney’s defense — plus, why Broadcom is bucking the chip decline

by Adrian Jhonsan
Wall Street analyst jumps to Disney’s defense — plus, why Broadcom is bucking the chip decline

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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Categories World
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