PDD Stock Surges As Temu Parent Easily Beats Earnings Expectations – Investor's Business Daily
U.S.-listed PDD shares soared in early Wednesday trading on the back of Tem’s parent company. PDD Holdings (P.D.D.) Fourth-quarter profits easily exceeded expectations. X PDD Holdings PDD announced revenue of 88.8 billion yuan ($12.52 billion) and adjusted profit of 15.83 Chinese yuan ($2.23) per share for the three months ended December 31. Analysts, on average, […]
UK inflation falls to near two and a half-year low of 3.4% as food pressures ease – business live | Business
UK inflation rate falls to 3.4% Breaking news: UK inflation has fallen to its lowest level in two and a half years. The consumer price index in February was 3.4%, slowing from 4% in January, indicating that the rate of increase in prices last month has slowed. This is the lowest level since September 2021, […]
EU says Hong Kong’s new security law could affect its status as a business hub | Hong Kong
The European Union has warned that new national security legislation for Hong Kong could have a “significant” impact on the operations of EU offices and Hong Kong’s status as a business centre. Hong Kong’s lawmakers on Tuesday unanimously passed a new bill just two weeks after it was first introduced, quickly passing a major piece […]
Dow Jones Futures: Nvidia Leads Upside Reversal; Here Comes Fed's Earnings Report For Market – Investor's Business Daily
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The central bank will end its two-day meeting on Wednesday afternoon, with the Fed’s outlook for interest rate cuts in focus. X The stock market, especially the Nasdaq, recovered from its initial decline and posted modest gains on Tuesday. […]
Stock Market Today: Dow Leads The Indexes, Nvidia Now Positive On Nasdaq – Investor's Business Daily
The stock market woke up in afternoon trading Tuesday, with all major indexes posting two-day gains. Federal Open Market Committee Meeting I left.Magnificent Seven Stocks Nvidia (NVDA) began to rise again during the chipmaker’s artificial intelligence conference.but super microcomputer (SMCI) had another rough day in the stock market today as a new member of the […]
Super Micro Computer Shares Dive On Planned Stock Sale – Investor's Business Daily
super microcomputer (SMCI) shares plunged Tuesday after the data center specialist announced an initial public offering. X The San Jose, California-based company announced it will sell an additional 2 million shares of its common stock, bringing the total number of outstanding shares to more than 58.5 million. “The primary purpose of this offering is to […]
Unilever to cut 7,500 jobs and spin off its ice cream business, which includes Ben & Jerry’s
LONDON (AP) – Unilever, the maker of Ben & Jerry’s ice cream, Dove soap and Vaseline, said Tuesday it will cut 7,500 jobs and spin off its ice cream business into a separate company in a bid to cut costs and boost profits. London-based Unilever said its ice cream business, which also includes Magnum bars, […]
Stock Market Today: Dow Jones Falls Ahead Of Fed Meeting; AI Stock Super Micro Plunges – Investor's Business Daily
Dow Jones futures fell along with other major indexes on Tuesday as this week’s Federal Reserve meeting was scheduled to begin later in the day.leader in artificial intelligence super microcomputer (SMCI) fell sharply on the stock market today after the company announced a stock offering of 2 million shares. X In morning trading, Dow Jones […]
‘Correct’: Joe Biden’s Financial Manager Says He Was Kept In Dark On Some Of Hunter’s Key Overseas Business Dealings
A former colleague of Hunter Biden who oversaw Joe Biden’s personal finances for years told Congressional investigators that he had no knowledge of major bank accounts that were involved in some of Hunter Biden’s major overseas transactions. he said. Eric Schwerin, Hunter Biden’s former business partner who managed Joe Biden’s personal finances from 2009 to […]
Dow Jones Futures Fall: Nvidia Slides On CEO Speech; Google, Tesla Surge Ahead Of Fed – Investor's Business Daily
Dow Jones futures, S&P 500 futures and Nasdaq 100 futures fell ahead of the stock market’s opening on Tuesday. Nvidia (NVDA) was attracting attention due to extended trading, but Magnificent Seven stock alphabet (Google) and tesla (TSLA) rebounded sharply ahead of the two-day Federal Reserve meeting. X Nvidia shares later fell nearly 2% late Monday. […]