Apple ($AAPL) is shutting down one of its retail stores in Dalian, China, marking its first closure of a directly managed store on the mainland.

The move speaks to slowing spending by consumers and Apple’s continuing struggles in China, its second-largest market.

Apple Inc. (AAPL) is closing a retail store in China, one of its key markets, where it faces multiple headwinds, including U.S. President Donald Trump’s tariff threats. The Tim Cook-led company said on the website of its Parkland Mall store,

Apple (AAPL) is reportedly telling JPMorgan Chase (JPM) that it's the preferred choice to replace Goldman Sachs (GS) as its credit card partner, according to a media report on Tuesday.

JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC.

JPMorgan (JPM) is reportedly in advanced talks with Apple (AAPL) to take over the tech giant’s credit-card program. According to a report by The Wall Street Journal, the discussions have gained pace in recent months,