In some cases they have gone down. And dont forget about energy prizes. Api reported u. S. Oil stock piles surged by 13 Million Barrels this past week. Well be getting official data on inventories from the energy administration. The dow was down close to 300 points. This morning youre seeing a very modest rebound. Dow futures up by about 14 points, s p by 7 and nasdaq by 46. Lets get you through a flood of stocks to watch this morning. Lets start with apple posting the largest profit in corporate history ever to the tune of 18 billion. The results blowing away even the most bullish estimates though i did see some worries. What do you think the dependence on the iphone. Too dependent on the iphone. I think id take the other side of that trade. You can depend on something not selling nearly as well. I would put all my efforts on something that barely sells instead of something that sells so much. Im glad its apple earning 18 billion because when exxon earned 10 billion people didnt like
PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.
Hong Kong (CNN) — PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers
PDD Holdings, the parent company of Temu and Pinduoduo, is exceeding market expectations with a significant increase in profit and revenue, driven by strong demand from American and Chinese consumers for its low-cost shopping apps. The Shanghai-based company reported a 246% increase in net profit, reaching 28 billion yuan ($3.9 billion) in the first quarter