Why aren’t Chinese consumers spending enough

Key Points

China’s consumer spending shows little sign of picking up soon.
Analysts point to one main factor: stagnant income.
Chinese consumers are also turning to lower-priced products, or moving away from big cities to places where the cost of living is lower.

Source

Finance

Who will Trump pick for Fed chair? Hear from all the candidates in their own words

August 15, 2025

Key Points President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. In CNBC interviews that stretch back days, weeks and even months, the candidates have talked in depth about where they think the Fed should go. Source

Finance

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more

August 14, 2025

Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates. UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway revealed a new stake , according to […]

Finance

Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more

August 14, 2025

Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its initial public offering at $23 per share. It last traded above $31. Paramount Skydance — The […]