Shares of PDD Holdings ( PDD ) plunged 19.4% this week to $95.60 after the Chinese e-commerce giant reported disappointing first-quarter results on Tuesday. What To Know: Revenue rose 10% year-over-year to $13.18 billion but fell short of the $14.17 billion consensus estimate. Adjusted earnings per ADS dropped to $1.56, well below the expected $2.49, and operating margins fell sharply...

10:23 AM EDT, 05/30/2025 (MT Newswires) -- Marvell Technology ( MRVL ) delivered fiscal Q1 results and guidance that were broadly in line with expectations, showing consistency rather than upside surprise, Deutsche Bank said in a Friday note. The firm noted strong growth across key subsegments, including custom silicon and connectivity, and expects further detail on Marvell's ( MRVL )...

10:17 AM EDT, 05/30/2025 (MT Newswires) -- ESS Tech ( GWH/WS ) shares rose 37% in recent Friday trading after the company said it received sufficient capital not expected in the ordinary course of business to continue operations at its Wilsonville, Oregon, facility in the near term. The company added that it will still implement measures to manage its operating...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...