Talk about buying the rumor. Baidu China’s leading internet search provider, let it be known on Jan. 30 that it will launch a so-called chatbot powered by artificial intelligence, akin to the ChatGPT ...
Tag: Consumer
Consumer Rebound Rolls On, Week In Review
China Last Night KraneShares Week in Review Asian equities started the week off lower and then rallied higher in the middle of the week as central bank rate hikes dominated market news, though China m...
Apple, Amazon, Alphabet, Ford, Nordstrom, and More Stock Market Movers
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Coinbase Wins Consumer Lawsuit Over Unregistered Securities
Coinbase Inc won the dismissal of the lawsuit alleged by consumers over the unregistered securities. The lawsuit was filed on October 21 in the Federal Court in New york. Class-action lawsuit investig...
Chicago PMI contracts for a fifth consecutive month; CB consumer confidence flashes recession
The Chicago Purchasing Manager’s Index (PMI), an index of the strength of manufacturing firms based in the Chicago area, saw declines in January 2023 settling at 44.3, from 44.9 in December 2022. A re...
Mastercard Exceeded Earnings Expectations, But Will Consumer Spending Remain Resilient?
LightRocket via Getty Images Key takeaways Mastercard’sMA numbers were stronger than anyone was expecting for Q4 2022 The company has an optimistic outlook for 2023, predicting that consumer spending ...
US dollar index (DXY) forecast: consumer confidence, FOMC, NFP data
The US dollar index (DXY) has crawled back this week ahead of the upcoming US consumer confidence data, FOMC decision, and non-farm payrolls (NFP) data. After falling to $101.58 last week, the index h...
The U.S. Consumer Is Starting to Freak Out
Listen to article (2 minutes) The engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four months. Spending on services, including re...
China’s $6 trillion consumer market is digging itself out of a slump
BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar ...
China E-Commerce Giant Alibaba Falls After Reports of Move to Singapore
Stock in Alibaba the Chinese e-commerce site, fell 7% in Hong Kong trading on Monday after reports the company is moving its headquarters out of the country. Alibaba (ticker: HK:9988) to be building a...
BTC, ETH Consolidate Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News
Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were on...
China’s Covid wave drives up consumer interest in health insurance
Chuiyangliu hospital, pictured in January 2023 in Beijing, in the last few years finished renovations that allowed for a six-fold increase in daily patents to 5,000 a day, according to official estima...
AT&T Stock Leaps After Q4 Earnings Beat, Dividend Support
Updated at 1:25 pm EST AT&T Inc. (T) – Get Free Report posted better-than-expected fourth quarter earnings with a muted near-term outlook Wednesday, while adding that it plans to pay down d...
Microsoft Stock Leaps After Topping Earnings Forecast On Cloud Gains
Updated at 4:46 pm EST Microsoft (MSFT) – Get Free Report posted better-than-expected second quarter earnings late Tuesday, with stable growth rates for its key cloud computing division, sendin...
BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data – Market Updates Bitcoin News
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursd...
Juul’s Consumer Settlement Is ‘Reasonable & Adequate’, US Judge Says
Juul Labs Inc, a unit of Altria Group (NYSE: MO), has reportedly secured preliminary court approval of a $255 million settlement resolving consumer claims for deceptive marketing. The settlement is pa...
Salesforce, Abbott, Spotify, and More Stock Market Movers
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Shoppers Are Under Pressure. A Recession Could Be Next.
After two years of working overtime on delivering record-breaking holiday seasons, Santa Claus has had enough. If 2022’s holiday retail sales are anything to go by, the head of the North Pole has hopp...
Wells Fargo, Disney, and 10 Other Stocks Value Investors Are Watching
Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
Bitcoin’s 20% Pump A Result of Reduced Consumer Index
Advertisement     Bitcoin’s recent 20% pump from a price of $16,000 to $21,425 signifies that investors are, once again, renewing their interest and confidence in cryp...
Despite December Slow Down In Consumer Spend, Holiday Sales Were Up 8.3%
Retail sales for October, November and December were 8.3% higher than last year. Many holiday … [+] promotions started in early October. (Photo by Mario Tama/Getty Images) Getty Images Retail tr...
As consumer spending slows, TJX is the off-price retailer to own
Fresh economic data Wednesday showed U.S. consumer spending slowed during the holiday season as inflation, though easing, continued to squeeze shoppers. That’s likely to make off-price retailers...
U.S. Consumer Product Safety Commission Considers A Ban On New Gas Stoves
Getty Images U.S. Consumer Product Safety Commission Considers a Ban on New Gas Stoves – How to Get Cash to Switch to Electric Meta: Concerns about health hazards associated with gas stoves caus...
This Analyst Sees a 17% Downside to Home Depot Stock. Here’s Why.
Home Depot and Lowe’s could be in for a rough year, with one analyst forecasting that the shares could lose more than 10% of their value. Rising interest rates, persistent inflation, a weaker labor ma...