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 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.
Millions of borrowers have asked to skip monthly mortgage payments in the coronavirus recession. Some lenders are asking would-be borrowers to pledge they don’t plan to do the same.27
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.
Republicans nominated President Trump as their candidate at a scaled-back convention in North Carolina and Washington with the president and his allies offering ominous warnings about electing Democrats in November.
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.
Business & Finance
A California federal judge granted the maker of “Fortnite” a partial reprieve in its battle against Apple.
Asset managers have closed more exchange-traded products than they have launched this year, a sign of how market gyrations have accelerated an industry shakeout.
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.
Smith & Wesson Brands’ new finance chief faces the challenge of navigating the gun industry’s booms and busts, as a recent surge in firearms demand calls for a ramp-up in production even as the company looks to stay lean.
Heard on the Street
Auto and home insurers have seen a lower frequency of incidents as people stay at home. But policy rates may keep adjusting lower to reflect that.
World
Mexico’s government is working with private broadcasters to deliver televised classes to 30 million public-school students, many of whom lack internet access.2
Kim Jong Un pauses major weapons tests as he contends with a faltering economy, coronavirus defense and flood damage.
Thai government ordered Facebook to block access to a popular group that scrutinized the royal family’s role in politics, a politically sensitive subject in the country.
Property Report
Thousands of restaurants and hotels along U.S. interstate highways closed during the pandemic, but most truck stops remained open to fuel the 18-wheelers that keep supply lines moving.
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.
Jerry Falwell Jr. resigned as president of Liberty University late Monday night, following a tumultuous day during which he tussled with the university’s board of trustees over his future at the school.
Life & Arts
As college students return to campus, administrators face a tug of war between providing information about Covid-19 cases and protecting the identities of those infected, leading to a patchwork of reporting.
Online videogames have been a much-needed social outlet for many boys during the coronavirus shutdown, but how can parents tell if all that gaming is turning into a problem?
As the highest-paid female athlete in the world, Osaka is standing up for Black lives while taking inspiration from her late mentor, Kobe Bryant.
The singer learned everything from her living room jukebox.
Video
Highlights: Trump Allies Make the Case for Second Term in RNC Kickoff
5:21
Postmaster General Is Again Grilled on USPS and Mail-In Voting Concerns
5:41
Jacob Blake Shooting: Protests Turn Violent in Kenosha, Wis.
1:46
