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XPeng Loss Narrows on Higher Sales
XPeng’s second-quarter net loss narrowed on stronger sales, higher revenue from its collaboration with Volkswagen and improved margins.
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Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
It wasn’t immediately clear how the grounding would affect certification and delivery of the new 777X aircraft.
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Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
The vice president is rolling out her first revenue-raising policy proposal as the Democratic presidential nominee, and drawing a contrast with GOP opponent Donald Trump.
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Veteran investor Mark Mobius says this ‘historically significant’ factor could set back U.S. stocks
Markets have been volatile, and the emerging markets investor told CNBC that he has been closely monitoring one metric in the United States.
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Asia-Pacific markets climb; China holds loan prime rates and RBA minutes in focus
China’s loan prime rates were held at 3.35% for the one-year LPR and 3.85% for the five year LPR, in line with expectations
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Mike Lynch among missing after yacht sinks off Sicily
UK tech entrepreneur unaccounted for after boat trip celebrating recent legal victory was hit by storm
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A Morgan Stanley executive and a tech entrepreneur’s teen daughter are still missing after a violent tornado hit a superyacht
The cruise in south Italy was supposed to be a victory celebration after Mike Lynch was acquitted of long-standing fraud charges. Lynch remains among the missing.
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Trump defends Fed policy talk, hints at rate-cut push
High interest rates have intensified focus on decision making at the Fed, as mortgage costs have hobbled would-be homeowners.