Consumers
Temu owner PDD misses revenue and profit estimates as consumers struggle
DISCOUNT e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday (Nov 21), as its low prices did not persuade cost-conscious consumers to...
Dip in Singapore consumers’ trust in general insurers and insurance sales staff: report
THE level of trust Singapore consumers have in general insurers and their intermediaries such as brokers and advisers slipped in 2024, compared with the previous year, a study has found.The...
Mastercard earnings top estimates as consumers keep spending
MASTERCARD reported profit that beat analysts’ estimates, helped by a boost in cross-border transactions.
The company posted adjusted earnings per share of US$3.89 in the third quarter on Thursday (Oct...
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are still very much dispirited by the...
S’pore consumers, ports could benefit from reshuffling of alliances among world’s largest shipping lines
Local ports could benefit as the world’s largest shipping lines restructure alliances in the light of major trade routes being redrawn around the Horn of Africa to avoid violence...
Wall Street wants more signs US consumers are still spending
STRONG results from the largest retailer and a robust monthly sales report went a long way towards easing worries about the health of the American consumer.But a slate of...
Will this California bill to regulate AI protect consumers or gut tech?
Aug. 8, 2024 3 AM PT California is a world leader in artificial intelligence — which means we’re expected to help figure out how to regulate it. The state...
Nestle, Unilever sales disappoint as consumers remain wary of high prices
Nestle and Unilever may be raising prices more slowly, but it has not been enough to win back some cost-conscious customers, with the consumer goods giants delivering disappointing first-half...
