The Dow is hovering in record territory as Wall Street digests economic data and a slew of earnings results ahead of the bell. Yahoo Finance’s Alexis Christoforous, Jared Blikre, Myles Udland, Seana Smith, Rick Newman and Dan Howley discuss the top stories of the day, including bank earnings, inflation data and Beyonce on Instagram.
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With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
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Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
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