The Chinese financial-technology giant controlled by Jack Ma released detailed financials for the first time as it gears up for what is likely to be a record-breaking IPO. The filing showed a highly profitable business with more than one billion annual active users on its Alipay app.

American Airlines to Cut 19,000 Jobs

American Airlines said it will shed 19,000 workers Oct. 1 as the airline prepares to downsize to cope with weak demand for travel amid the coronavirus pandemic that isn’t expected to rebound for years.4 minutes ago

The electronics retailer’s online sales surged in the latest quarter as consumers bought laptops, appliances and other items that help them work and cook from home, but executives said product shortages crimped the gains.1 minute ago

A number of Covid-19 patients, the exact size of which is unknown, develop long-term medical problems from the novel coronavirus that require extended and often expensive medical care, stressing families’ financial security and taxing an already strained health system.191

WSJ News Exclusive

The trial over whether Carlos Ghosn illegally hid millions of dollars in compensation starts in Tokyo next month—but Mr. Ghosn won’t be there. Instead, the man in the dock will be an American accused of helping him.32 minutes ago

Business & Finance

WSJ News Exclusive

General Atlantic and Sequoia Capital, two top investors in TikTok’s Chinese parent company, are vying to be part of a deal for the U.S. operations of the video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the talks.

World

Property Report

U.S.

A watchdog panel of government inspectors general is asking the Small Business Administration to provide full disclosure of borrowers who received Paycheck Protection Program loans of $25,000 and up.

Life & Arts

Video

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Highlights: Trump Allies Make the Case for Second Term in RNC Kickoff

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Postmaster General Is Again Grilled on USPS and Mail-In Voting Concerns

Postmaster General Is Again Grilled on USPS and Mail-In Voting Concerns

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Jacob Blake Shooting: Protests Turn Violent in Kenosha, Wis.

Jacob Blake Shooting: Protests Turn Violent in Kenosha, Wis.

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