Chinese e-commerce newcomer Temu, a division of PDD Holdings Inc (NASDAQ:PDD), has swiftly outpaced veteran eBay Inc. (NASDAQ:EBAY) in terms of attracting repeat U.S. customers, despite eBay’s nearly three decades of operation. A recent survey conducted by Omnisend revealed that 34% of consumers shop on Temu monthly, surpassing eBay’s 29%, reported Bloomberg. This surge in customer engagement for Temu comes as the company invests heavily in marketing and promotional discounts. Notably, Temu’s ad...

Nvidia Corp’s (NASDAQ:NVDA) recent 10-for-1 stock split has prompted Goldman Sachs to caution investors about expecting a sustained rally. Despite Nvidia’s shares surging nearly 27% in May and another 10% this month, reaching a market cap of $3 trillion, Goldman Sachs emphasizes that stock splits generally offer limited long-term benefits. Goldman Sachs reviewed 45 Russell 1000 stock splits since 2019, finding a typical 4% rise in shares the week after the announcement but no apparent impact aro...

Amazon's stock recovers post-Q1 2024 results, with positives in operating margin despite concerns. Click here to read an analysis on AMZN stock now...