In China, fears grow of an EV financial crisis amid pricing war
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s…
Pentagon launches review of Aukus nuclear submarine deal
The Pentagon has launched a review of the 2021 Aukus nuclear submarine deal with the UK and Australia, throwing the security pact into doubt at a time of heightened tension…
‘Buy Now Pay Later’ could be wrecking your financial future
Expert take: Does buy now, pay later help or hurt your finances? Priya Malani, CEO of Stash Wealth, and Paula Pant, host of the Afford Anything podcast talk buy now,…
IOR posts $38M profit amid financial clouds over Vatican
The Vatican’s Institute for the Works of Religion reported another significant year of profit for 2024. The Torrione di Niccolò V, the Vatican headquarters of the Institute for the Works…
Consumers face growing risks as CFPB financial safeguards crumble
Rob Haskell was hoping a new rule would shield his credit report from thousands of dollars in bills for recent heart procedures. Instead, he’s bracing for impact from President Donald…
Lululemon stock plunges as company’s profit outlook misses forecasts on tariff, consumer worries
Lululemon stock (LULU) fell more than 19% during Friday’s trading session, marking its worst day since March 2020, after the company warned profits would take a hit amid what it…