PDD Holdings (PDD) stock gained 5% in premarket trading on Monday after the Chinese e-commerce giant beat earnings estimates by a wide margin. Shares spiked as much as 12% earlier but pared gains as investors digested the report. The Temu and Pinduoduo owner reported earnings per American depository share (ADS) of 20.75 Chinese yuan (approximately…
US stock futures ticked down after Wall Street’s powerful rally to close out last week with eyes all on Nvidia (NVDA) earnings for the week ahead. Futures attached to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq 100 (NQ=F) slipped 0.2%. On Friday, the Dow Jones Industrial Average (^DJI) surged…
US stock futures were mixed as Wall Street readied for the main event of the week: Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium in Wyoming. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. Stocks swung last…
US stock futures mostly fell as investors digested another difficult day for tech stocks and persistent uncertainty on Federal Reserve policy. Futures attached to the Dow Jones Industrial Average (YM=F) fell 0.7%. Futures attached to the benchmark S&P 500 (ES=F) dipped 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) hovered just below the flatline….
Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell’s heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014,…
US stock futures slipped on Wednesday after a bruising day for tech stocks, as investors waited for Target earnings and Federal Reserve minutes for clues to prospects for the economy and interest rates. The Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) both slid 0.2% before the bell. Contracts on the tech-heavy Nasdaq…
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
President Trump has recently offered a few choice words on the work from Goldman Sachs’ economics team, led by long-time economist Jan Hatzius. The team is unlikely to garner some praise from Trump today. Here’s what Hatzius and his team served up in a new note on Monday morning: “After the recent downward revisions to…
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July’s retail sales report. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.7%. Futures attached to the benchmark S&P 500 (ES=F) were flat and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline….