Consumer spending in China is not yet rising, companies say

Consumer spending is recovering in an unbalanced fashion, meaning it will likely take until the second half of the year for the speed of the recovery to pick up, said Lei Xu, CEO and executive director of e-commerce giant, in an earnings call. Thursday. JD’s description of a lukewarm recovery in the Chinese consumer … Read more

SIVB, ORCL, GPS and more

In this photo an image of the trading chart TradingView of SVB Financial Group displayed on a smartphone with the logo of SVB Financial Group in the background. Igor Golovniov | Rocket | Getty Images Check out the companies making headlines in after-hours trading. SVB Financial – Shares fell 6% after the bell and continued … Read more

Stocks making the biggest moves in the afternoon: GE, SI, PTN, ETSY

jetcityimage | iStock Editorial | Getty Images Take a look at the companies that take the biggest steps in the afternoon: General Electric – Shares rose 6.3% after the company provided an update ahead of its investor meeting, including reaffirming its 2023 outlook of single-digit organic sales growth, adjusted earnings per share of $1.60-$ 2 … Read more

Silvergate, Etsy, SVB Financial, Uber and more

Pavlo Gonchar | Rocket | Getty Images Check out the companies that made headlines for the opening bell: Etsy — Shares fell more than 6% in premarket after Jefferies double downgraded the online marketplace to underperform buying. The company cited the company’s need to spend more on marketing as customer churn increases. Silvergate Capital – … Read more