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 JD.com, in an earnings call. Thursday. JD’s description of a lukewarm recovery in the Chinese consumer … Read more
Delegates to the annual National People’s Congress on Friday also formally reappointed Xi as chairman of the Central Military Commission. At the 20th National Congress of the Chinese Communist Party in October, Xi consolidated his control over the ruling party by filling the top circle of leaders with loyalists. Deputies will approve China’s new prime … Read more
Economic data over the coming weeks could have a major impact on banking and technology stocks, said Jim Cramer. After a rough day for names like Silvergate, there is still hope on the horizon. Foamy markets and banking turmoil are casting a pale on broader markets, but investors should keep an eye on economic data … Read 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
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