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CHINESE CONSUMER SPENDING DECLINE
China's Baidu, betting on AI, posts fifth straight quarterly revenue dropRevenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-...- Global Market: Chinese, Hong Kong stocks slip as AI shares retreat; energy stocks gainChinese and Hong Kong stocks declined as investors booked profits in AI and technology shares, while energy stocks gained amid rising Middl...
- US stocks: US market slips as oil prices rise, retail results awaitedAs investors braced for retail earnings reports, major stock indexes fell, signaling caution in the market. Oil prices surged, driven by co...
- From kirana to currency: Small towns are scrambling for dollarsSmall towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle ...
- Global Markets: 5 big triggers to watch this weekGlobal markets enter a quieter summer week with food inflation, US consumer spending, Japan’s growth outlook, gold and UK inflation in focu...
- A cheap American sandwich conquered the world. Now China is rewriting the burger's 100-year-old storyBurgers are experiencing a surge in popularity across China's fast-food market. Global chains and local operators are now fiercely competin...
- Global market: Japan Q2 GDP misses estimates, but BOJ rate hike bets remain intactJapan’s second-quarter economic growth missed expectations as weaker household consumption and business investment offset resilient exports...
- US Stock Market: Fed uncertainty, oil prices in focus as earnings sustain market optimismInvestors enter the week focused on interest rates, inflation and geopolitical risks, while strong corporate earnings support equities. The...
- D-St set for a negative opening as GIFT Nifty signals weak startIndian equity markets closed lower on Friday, August 14, as investors awaited clarity. The Nifty50 and Sensex experienced slight declines, ...
- Public education needs public moneyStudents across the nation have taken to the streets, drawing attention to the overwhelming resource deficit in education. With public fund...
- Charting the Global Economy: US CPI softens, UK economy expandsUS inflation showed little acceleration in July, reinforcing the Federal Reserve's pause on rate hikes. European economies continued to sho...
- US Economy: Inflation eases but prices remain high, retail sales fall, jobless claims riseInflation eased last month, but prices remain elevated for American consumers. Retail spending decreased sharply, surprising economists and...
- India’s AI app race heats up as Claude surges and Gemini closes in on ChatGPTClaude's downloads and spending in India surged significantly in the June quarter. ChatGPT continues to dominate consumer spending on AI ap...
- US retail sales unexpectedly fall in JulyJuly saw a surprising dip in US retail sales, reversing the trend of recent strong performances. The earlier surge in consumer spending, fu...
- Apple trains its own AI model for China market with Alibaba's supportThe AI model was developed in partnership with Alibaba Group and trained with the Chinese tech giant's support, the people said, declining ...
- China's JD.com tops quarterly revenue estimatesThis year's annual mid-year shopping event, marking JD.com's founding on June 18, 1998, ran for more days than the previous year, giving ...
- TV ad demand weakens as ratings blackout enters festive seasonTelevision broadcasters anticipate a challenging festive advertising season ahead. This comes as ratings remain withheld following a minist...
- Global Market: China stocks rise on AI optimism; Hong Kong shares mostly flatChinese mainland stocks advanced, led by optical communications and technology shares, as strong AI demand forecasts boosted sentiment. Hon...
- Eternal helped you save time. Now it wants to help you spend itEternal’s District is betting India’s next consumer internet boom will come from helping people spend time outside home. As dining, shoppin...
- Global Market: Shanghai, Hong Kong stocks rise as consumer gains offset tech weaknessShanghai and Hong Kong stocks gained on Monday as consumer and property shares offset weakness in technology stocks. Investors assessed fre...
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