Temu parent PDD’s stock soars as improving consumer sentiment fuels profit beat

Date:

March 20, 2024

PDD’s stock powered higher Wednesday, after the China-based e-commerce company and parent of fast-fashion platform Temu reported fourth-quarter earnings that rose well above expectations, citing signs of improving consumer spending.

Source link

STORJ and Synthetix Network in opportunity zone; KangaMoon (KANG) attractive

Google hit with $270M fine in France as authority finds news publishers’ data was used for Gemini

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Temu parent PDD’s stock soars as improving consumer sentiment fuels profit beat

Recent posts

S&P 500 looks ‘accident prone’ as it nears 5,000 milestone

Chegg says benefits of its AI push will ‘take time,’ as sales forecast comes up short

Unity’s stock sheds nearly a fifth of its value as earnings, forecast underwhelm

Meta’s killer stock rally adds $200 billion in market cap — a historic haul

Think the S&P 500 is top-heavy? Five stocks command 60% of this market.

Fed’s Goolsbee: Nothing needs to change in the data to justify rate cuts

10-year Treasury yield finishes at lowest level of year as traders weigh litany of risks

Duolingo’s stock soars more than 20% after ‘record’ bookings, quarterly profit for company

Recession signs fade despite 22nd straight drop in Leading Economic Index

Shell launches $3.5 billion buyback after earning $7.7 billion

Powell says a March rate cut is not likely. But don’t overlook his other comments.

One reason for the stock market’s meteoric rally: Expectations that AI will stay unregulated

The stock related to Donald Trump’s “Truth Social” is flying high. Before you invest, read this.

Paramount puts up a surprise adjusted profit, as higher streaming prices boost revenue

Enphase’s ‘good enough’ quarter pushes stock 12% higher

Related articles

Why a less chaotic bond market could signal potential stock-buying opportunities

Democratic congressman warns crypto may become winning issue for GOP after Trump voices support

‘No return’ left for U.S. stock market in 2024, says Goldman’s David Kostin

Elon Musk says Tesla will spend ‘well over’ $500 million on new EV chargers

The feds are scrutinizing credit-card rewards. That could help frequent fliers get more out of their miles.

Coach, Kate Spade parent reports revenue miss amid weakness in North America

Junior bankers crumble under 90-hour weeks prompting fresh pushback

AMC’s Q1 loss narrows and ‘better times are ahead’ says CEO Adam Aron

Company

Follow us