Finance News – Page 783

China’s big ‘Golden Week’ is here. Three hot destinations for spending — and a stock with 95% upside

Three surveys of consumers in China reveal where they plan to spend during one of the biggest holidays since the country ended its Covid-19 controls.

Nike shares pop after mixed first quarter results. Here’s what the pros say

Pros on CNBC discussed Nike after the sneaker maker’s fiscal first-quarter earnings and gross margins topped analyst estimates, while sales missed.

Bill Ackman’s SPAC gets OK from the SEC and he’s ready for a deal: ‘please call me’

The Securities and Exchange Commission greenlit what the Pershing Square CEO has called a SPARC — a special purpose acquisition rights company.

Mark Cuban wants to give you personalized advice for free now—here’s how to get it

Mark Cuban’s Fireside streaming platform is launching an advice network, aimed primarily at helping entrepreneurs — and Cuban himself is set to be a part of it.

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

These are the stocks posting the largest moves in midday trading.

Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.

LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions

The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.

The Fed’s favorite inflation indicator rose less than expected in August

The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.

Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more

These are the stocks posting the largest moves in premarket trading.

Apps show where travelers exercise most — and least — on vacation

Data from the exercise app Strava show travelers tend to stay active in places like Split, Croatia and the islands of Greece, but less so in the Caribbean.