Pinduoduo's (NASDAQ: PDD) stock surged 19% on May 26 after the Chinese e-commerce company posted its first-quarter report. Pinduoduo is still clearly growing much faster than its two closest e-commerce competitors, Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD). Pinduoduo was founded in 2015, and it quickly gained ground against Alibaba and JD by selling discount products across China's lower-tier cities.
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesTrump Found Liable for Fraud in New York Attorney General’s CaseStock
Soleno said Tuesday its experimental pill helped control hunger signals in a genetic disorder. In response, SLNO stock skyrocketed.
Mercedes Wedaa, a former housekeeper for Amazon.com Inc. Founder Jeff Bezos, filed a lawsuit against him and two companies responsible for managing his properties. The lawsuit, filed in November 2022 in Seattle, claims that she and other employees worked in unsafe and unsanitary conditions for extended 14-hour shifts without breaks. According to Wedaa, she was hired in 2019 with the requirement that she "work around a family without being seen." Trending: Until 2016 it was illegal for retail inv
Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month's start to 4,275. Look out below?
Last year's high-profile divorce between Bill Gates and Melinda Gates made headlines, not only for being one of the most expensive divorces in history — Melinda reportedly walked away with an estimated $70 billion — but also for casting a spotlight on an unusual marital agreement. From the start of their marriage, Gates had Melinda's blessing to continue an annual vacation with his ex-girlfriend Ann Winblad. This arrangement is one many people would find unconventional if not unacceptable. Don’t
In the world of stock markets, a well-known adage prevails: insiders may sell shares of their own companies for a myriad of reasons, but their decision to buy stock typically hinges on one belief – that the shares are set to rise. By insiders, we mean the corporate officers that sit on company boards and are the in-the-know types with access to the sort of information not available to the casual investor. By law, they are required to make their purchases public, thereby keeping the playing field
After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.
All energy comes with a cost. Fossil fuels, the world’s mainstay, have a high pollution footprint and a dangerous environmental impact, while solar and wind power, frequently touted as options in lieu of hydrocarbons, have extremely low energy densities, intermittent energy production, and a high dollar-cost for installation. This has engineers seeking out alternatives to both, and hydrogen fuel is frequently touted as just such an alternative. Hydrogen solves the problems inherent in fossil fue
Target expects to lose roughly $1.2 billion in profits from retail theft in 2022 and 2023.
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The post 85-year-old Indiana trucking company files for Chapter 11 appeared first on FreightWaves.
There is growing risk to the financials of two big department stores as consumers deal with rising interest rates.
Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
Nobody makes enemies like Donald Trump, and his 2024 presidential election campaign promises some interesting new ones. The most recent: electric vehicles.
"The documents here clearly contain fraudulent valuations that defendants used in business," Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
In the latest trading session, Advanced Micro Devices (AMD) closed at $95.96, marking a -1.46% move from the previous day.
At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
Office buildings have been facing serious challenges. With the rise of remote work, amplified by the COVID-19 pandemic, the demand for physical office space has seen a marked decline. At the same time, interest rates have risen significantly, making borrowing more expensive for office building landlords who are already grappling with higher vacancy rates. Even big players are impacted. W. P. Carey Inc. (NYSE:WPC), a real estate investment trust (REIT) headquartered in New York City, recently ann
The S&P 500 could tank 20%, a wave of loan defaults could hit banks and commercial real estate, and a recession could set in next year, Byron Wien says.
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