On Thursday, Temu parent PDD Holdings Inc ( PDD )  shares are trading lower premarket on Thursday after the company reported fiscal fourth-quarter 2024 results. Revenue grew 24% year-on-year to $15.15 billion (110.61 billion Chinese yuan), missing the analyst consensus estimate of $15.68 billion. Revenues from online marketing services and others rose 17% Y/Y to $7.81 billion, and revenues from transaction services grew 33% Y/Y to $7.34 billion. Adjusted operating profit grew by 14% Y/Y to $3.84 billion. The Chinese...

08:07 AM EDT, 03/20/2025 (MT Newswires) -- Tesla (TSLA) Chief Executive Officer Elon Musk must balance his involvement with the Department of Government Efficiency and provide a clear vehicle roadmap to prevent an escalating crisis, Wedbush analysts said in a note on Thursday. Analysts said Musk's recent focus on DOGE has turned Tesla into a political symbol, negatively impacting the...

08:07 AM EDT, 03/20/2025 (MT Newswires) -- 3 E Network Technology ( MASK ) said Thursday it has signed a memorandum of understanding to acquire a 4.9% equity stake in cloud mining technology firm HashBeaver, based on a pre-money valuation of $30 million. 3 E Network ( MASK ) said it aims to combine its business-to-business software capabilities with HashBeaver's...

08:03 AM EDT, 03/20/2025 (MT Newswires) -- The European Union could delay implementing an initial set of planned counter-tariffs on US goods through mid-April, European Trade Commissioner Maros Sefcovic said Thursday. The bloc had reportedly proposed re-imposing tariffs on some 4.5 billion euros ($4.88 billion) of US products April 1, followed by another 18 billion euros of goods April 13....