World and Business

Shares of PDD Holdings (PDD), the parent company of the discount e-commerce platform Temu, plummeted during premarket trading on Thursday. The sharp decline comes after the company reported third-quarter results that fell short of analysts’ expectations, amid intensifying competition that continues to weigh heavily on its operations. Revenue and Profit Miss Expectations In Q3, which […]

The U.S. stock market is poised for a positive opening thanks to a strong earnings report from chipmaker Nvidia, even though it fell short of the sky-high expectations set by investors. Futures for the S&P 500 rose 0.2% before Thursday’s opening bell, while futures for the Dow Jones Industrial Average gained 0.3%. Nvidia: The Chip

TrustCo Bank Corp NY, one of the leading savings banks in the United States, has declared a quarterly cash dividend of $0.36 per share, amounting to $1.44 annually. The dividend will be paid on January 2, 2025, to shareholders of record as of December 6, 2024, according to a press release issued on November 19,

Comcast, a leading American media conglomerate, is moving forward with the spinoff of its cable network channels into an independent entity, according to sources from CNBC on Tuesday. This decision marks a significant turning point as Comcast faces a major shift in media consumption habits, with millions of customers transitioning from traditional cable to streaming

Stellantis, the transatlantic automaker, has announced a delay in the launch of its fully electric Ram pickup truck, pushing it from the end of this year to the first half of 2025. The decision comes as the company prioritizes rigorous testing to ensure product quality, according to CEO Carlos Tavares. During an online media event,

Jersey Mike’s Subs, the renowned American sandwich chain, is set to be acquired by Blackstone, one of the largest asset management firms in the world, according to a joint announcement made on Tuesday. The deal is expected to close in early 2025, with private equity funds managed by Blackstone taking a controlling stake in Jersey

In a development that could dramatically reshape the tech industry, Alphabet Inc. (GOOG, GOOGL) may be forced to sell its Chrome browser, with an estimated valuation of up to $20 billion, according to a Bloomberg report. This potential sale is part of the U.S. Department of Justice’s (DOJ) effort to break what it perceives as

MicroStrategy’s MSTR stock surged approximately 13% to a record closing high on Monday after the company disclosed a $4.6 billion Bitcoin acquisition and announced plans to raise an additional $1.75 billion to purchase more of the cryptocurrency. Currently, MicroStrategy’s stock has outperformed many others in the S&P 500 index. According to data from Yahoo Finance,