Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending

(Reuters) -China’s PDD Holdings (PDD) fell short of market estimates for third-quarter revenue on Thursday, in a sign that promotional offers and discounts were not enough to lure cost-conscious consumers to its e-commerce platform. PDD’s US-listed shares fell more than 10% in premarket trading. Higher unemployment rate among youth and a property sector crisis have … Read more

Democrats plan in Michigan would allow union to skim millions in dues

Former President Trump announces a new tax credit proposal while at his rally in Madison Square Garden. The state of Michigan is on track to allow for the unionization of home health care workers, including caregivers aiding ill and infirm family members, starting next year in a move that critics say would hurt caregivers. The Democrat-controlled … Read more