Weak
Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending
CHINA’S PDD Holdings fell short of market estimates for third-quarter revenue on Thursday (Nov 21), in a sign that promotional offers and discounts were not enough to lure cost-conscious...
Nissan Motor urges UK to ease EV targets amid weak demand
NISSAN Motor urged the UK government on Wednesday (Nov 20) to ease up its electric vehicle (EV) mandate, which encourages manufacturers to move from petrol and diesel vehicles to...
China’s JD.com misses quarterly revenue estimates amid weak consumer spending
CHINESE e-commerce group JD.com missed market estimates for quarterly revenue on Thursday (Nov 14), as persistent economic woes pressured consumers to cut back on spending.
A prolonged property sector crisis,...
India’s Tata Motors posts surprise Q2 profit drop on weak sales
INDIA’S Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday (Nov 8), hurt by weakness in both its luxury...
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in China.
The Cartier owner reported 2.2 billion...
Rivian reassures investors with cost cuts, green credit sales amid weak EV demand
RIVIAN said on Thursday (Nov 7) it was on track to turn a gross profit in the fourth quarter helped by cost cuts and a sharp increase in sales...
Pinterest gives weak holiday forecast as it lags behind peers
PINTEREST fell in late trading after forecasting weak sales for the holiday quarter, a sign the search and discovery network is struggling to keep pace with larger peers such...
Tinder-parent Match forecasts quarterly revenue below estimates on weak demand
MATCH Group forecast fourth-quarter revenue below Wall Street estimates on Wednesday (Nov 6), a sign of weak demand for its dating apps as customers cut back on discretionary spending,...
