China’s tourism profits came in at 60% of pre-Covid concentrations this holiday getaway weekend

Essential Points

Countrywide tourism revenue for the most up-to-date long-weekend holiday arrived at only 60.6% of 2019 stages, in accordance to China’s Ministry of Society and Tourism.
The tourism figures dropped by extra than they did all through the final general public holiday in early June, pointed out Ting Lu, chief China economist at Nomura.
China’s Leading Li Keqiang held a meeting on the very last working day of the lengthy weekend holiday about the economic circumstance.

Source

Finance

How much further does this Teflon market have to go? Here’s what traders say

May 8, 2026

Key Points The S&P 500 crossed 7,400 for the first time on Friday, and traders on prediction markets platform Kalshi place 59% odds the index crosses 8,000 in 2026. That index crossed 7,000 for the first time in January. Source

Finance

Stocks making the biggest moves premarket: Cloudflare, Akamai Technologies, JFrog, Trade Desk & more

May 8, 2026

Check out the companies making the biggest moves premarket: Akamai Technologies — Shares surged 27% after the cybersecurity and cloud computing company said a leading U.S.-based frontier model provider has committed to $1.8 billion over seven years for its Cloud Infrastructure Services. Akamai also reported a first-quarter adjusted earnings beat, while its revenue came in […]

Finance

Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths

May 8, 2026

Key Points Iran war may dominate the first U.S. presidential visit to China since 2017. U.S. business delegation may be smaller than those other countries have brought to China recently, according to a source familiar with the matter. The timing of the next meeting — Chinese President Xi Jinping’s visit to the U.S. — is […]