Daily U.S. Stock Market Highlights (Wednesday, May 28)
2025-05-28 12:45:39
< br > < b > Stock News < br > < span class = "section-news" > 1. Several investment banks lowered their target price for Pinduoduo (PDD. O). < br > < span class = "section-news" > 2. GME. N announced the purchase of 4,710 bitcoins. < br > < span class = "section-news" > 3. Kingsoft Cloud (KC. O): Quarter 1's total revenue was 1.97 billion yuan, an increase of 10.9% year-on-year. < br > < span class = "section-news" > 4. Cloud security company Okta (OKTA. O) missed expectations, falling more than 12% in premarket trading. < br > < span class = "section-news" > 5. General Motors (GM. N) will invest $880 million in engine production at a new New York plant, sources said. < br > < span class = "section-news" > 6. National Highway Traffic Safety Administration: Ford Motor (F. N) is recalling 1,075,299 U.S. vehicles. < br > < span class = "section-news" > 7. Massey general merchandise (M. N): Q1 revenue was $4.79 billion, better than analysts' expectations of $4.42 billion. < br > < span class = "section-news" > 8. Brooge Energy (BROG. O), which plans to sell two subsidiaries to Gulf Shipping, was up nearly 90 percent at one point. < br > < span class = "section-news" > 9. The new U.S. authorization for Chevron (CVX. N) in Venezuela does not allow oil production operations or exports, sources said. Previously, the U.S. government planned to allow Chevron to carry out minimum maintenance work in Venezuela.
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