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Stocks

“Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst”

“The nearly 30% drop in shares of Chinese online retailer PDD Holdings is “too much of a correction,” according to Shaun Rein, founder and managing director of the China Market Research Group. Speaking to CNBC’s “Street Signs Asia,” Rein said… Continue Reading…

Business

“Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week”

“Meta Platforms Inc. META 6.17%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the… Continue Reading…

Economy, Personal Finance

“34% of shoppers consider a large purchase anything over $250…”

“When it comes to large purchases, Americans are showing they like to think ahead. Two out of three shoppers say they spend more time planning a large purchase than they do paying it off, according to a Wallethub survey. For 34%… Continue Reading…