Chinese plans to save hit a record high in Q2; job concerns rise

Education remained the most popular category for Chinese consumers’ planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING – Chinese consumers’ inclination to save is at its highest in two decades, the People’s Bank of China found … Read more

Bed Bath & Beyond, Carnival, Upstart and more

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the retailer plummeted about 21% after the company missed revenue estimates and posted … Read more

FCC commissioner tells Apple, Google to remove TikTok from app stores

A leader of the US Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images BEIJING – A leader of … Read more

Nike, Boston Beer, Disney and more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike – Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to … Read more

Spirit Airlines, BioNTech, Robinhood and more

Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $ 2.7 billion based on Friday’s closing prices, while the most recent JetBlue … Read more

Tencent wants to be foreign automakers’ go-to company for EVs in China

BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING – Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive … Read more

Stock futures fall following a major comeback week for stocks

Traders on the floor of the NYSE, June 15, 2022. Source: NYSE US stock futures fell on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures fell 121 … Read more

Carnival, FedEx, Zendesk and more

The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Here are the stocks making headlines in midday trading: Carnival Cruise Lines – Shares of Carnival Cruise Lines jumped 12.4% after the travel company said it had its best booking volumes since the … Read more

CarMax, FedEx, Seagen and more

Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $ 1.56 per share, and revenue that also beat analyst forecasts amid what the company called a “challenging” used vehicle market. CarMax added 1.1% in the premarket. FedEx (FDX) – FedEx … Read more

JPMorgan picks stocks to play a part of China that’s flown under the radar

Consumers in China’s smaller cities are more willing to spend than those in large, well-known Chinese cities like Shanghai that have had to battle Covid this year, JPMorgan analysts said, citing an American consumer branding expert in China. “There is an untold story about the stronger economic growth outside [Tier] 1/2 cities, and in the … Read more