The announcement is JD.com’s second buyback this year, after announcing a $3 billion buyback in March.
Kategorie-Archiv: CNBC Financial News
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.
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.
Abercrombie & Fitch posts 21% sales gain, hikes outlook despite ‚increasingly uncertain environment‘
Abercrombie & Fitch has become one of Wall Street’s biggest retail winners and the company plans to keep up the growth by expanding into international markets.
Foot Locker comparable sales grow for the first time in six quarters
Foot Locker has spent two years transforming its business, and it’s now seeing sales and margins expand, indicating its efforts are finally starting to work.
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion.
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.
Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance
Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods.
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.