Chinese electric carmaker BYD triples half-year profit
BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.
Aug 28, 2023
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18
Automotive
News tagged with consumer spending
Business
Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags
Chinese shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China's first major online shopping festival after the end of ...
Jun 19, 2023
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36
Business
A once-obscure Chinese startup overtakes Shein In US
This time last year, hardly anyone in the U.S. knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival ...
Jun 15, 2023
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3
Business
Ryanair flies back to profit as sector recovers from COVID
Irish no-frills airline Ryanair rebounded back into bumper annual net profits, boosted by a "strong" post-COVID recovery despite spiking costs, it said Monday.
May 22, 2023
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26
Business
Samsung Electronics logs worst quarterly earnings in 14 years
Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.
Apr 27, 2023
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14
Business
Amazon says it had its biggest Thanksgiving shopping weekend
Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.
Nov 30, 2022
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4
Business
Uber shares surge as company says consumers still strong
Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust.
Nov 1, 2022
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19
Automotive
GM sidesteps economic headwinds; Q3 profit jumps nearly 37%
General Motors' third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent supply chain troubles.
Oct 25, 2022
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15
Business
Apple puts on first in-person event since start of pandemic
Apple is expected to unveil the 14th series of its iconic and ubiquitous iPhone on Wednesday at its first in-person product launch event since before the coronavirus pandemic began.
Sep 7, 2022
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18
Business
As tech giants face a financial downturn, some new players are focusing on people over profit
The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported ...
Aug 2, 2022
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