The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East

The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East


Key Points
  • Chinese shipments to Dubai’s logistics hub have risen by 20% this month from a year ago, according to estimates from Bear Huo, China general manager at FundPark.
  • Chinese companies have increasingly turned to the region in the last few years.
  • “A more stable Middle East serves China’s economic and strategic interests,” said an EIU economist.



Source

Trump says JPMorgan Chase, Bank of America rejected him as a bank customer
Finance

Trump says JPMorgan Chase, Bank of America rejected him as a bank customer

watch now VIDEO6:2406:24 President Trump says JPMorgan Chase and Bank of America rejected him as a customer Squawk Box President Donald Trump said Tuesday that the two largest U.S. banks rejected him as a customer, reviving claims that conservative customers were being unfairly denied accounts. JPMorgan Chase informed him that he had 20 days to […]

Read More
Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Vertex Pharmaceuticals and more
Finance

Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Vertex Pharmaceuticals and more

Check out the companies making headlines in extended trading. Palantir — The defense technology stock advanced 4% after second-quarter earnings exceeded Wall Street’s expectations. Palantir said it reported adjusted earnings of 16 cents per share on $1.00 billion in revenue, while analysts polled by LSEG anticipated 14 cents per share and $940 million, respectively. Vertex […]

Read More
Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair and more
Finance

Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair and more

Check out the companies making the biggest moves midday: Figma — The design company tumbled 22%, giving back a chunk of its initial public offering gains from last week. Figma began trading at the New York Stock Exchange on Thursday, with the stock more than tripling in value on its first day. On Friday, shares […]

Read More