Morgan Stanley Predicts PDD Stock Rise After “Ghost Takeaway” Penalty Clears
Morgan Stanley sees PDD rising short term as China’s penalty news removes uncertainty, calling it a possible near-term boost.
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PDD Holdings Faces Minor Tax Fine: Citi Sees Relief for Investors
PDD Holdings fined $14K by Shanghai tax authorities for delayed compliance. Citi analysts view penalty as "smaller-than-feared," maintaining Buy rating with stock jumping 4% premarket.
China Expands Regulatory Probe into PDD Holdings After Physical Altercation
Chinese regulators dispatch 100+ investigators to PDD Holdings' Shanghai headquarters following employee clashes with officials. Investigation covers fraud allegations and tax issues, triggering stock decline.
PDD Holdings Beats Earnings But Warns of Tough Times Ahead
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
UPS Beats Profit Expectations as Massive Job Cuts and Cost Reduction Drive Turnaround
UPS third-quarter earnings exceed forecasts as 34,000 job cuts and strategic network changes boost profits. Shares jump 12% despite ongoing tariff challenges.