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American depositary receipts of Temu and Pinduoduo parent PDD Holdings rose Monday after analysts at Jefferies upgraded their rating of PDD to "buy" from "hold," citing gains in market share.Jefferies analysts also raised their price target on PDD to $157, up from $117 and well above its closing price Monday of $111.89.Temu has continued to gain market share since launching in the U.S., and made a push for more business in the country last month with Super Bowl commercials.

Vail Resorts reported fiscal 2024 second-quarter earnings and revenue that missed estimates as it faced "challenging conditions" including a drop in snowfall. Vail reduced its guidance as ski season demand remained low.The resort company also announced an increase in its quarterly dividend.Vail shares initially sank following the release before rebounded in intraday trading Tuesday.

Archer-Daniels-Midland shares rose Tuesday after the agriculture commodity company provided a much-anticipated update on an internal investigation and released a delayed fourth-quarter earnings report.The report was delayed due to an investigation into the company's accounting practices at its nutrition division, which was announced in January.The audit revealed that some sales figures of goods sold between the nutrition division and some of ADM's other divisions were not reported at market value, and ADM said it has created a remediation plan to fix the issues that led to the accounting errors.ADM's board also approved an additional $2 billion under its existing 200-million-share buyback program through 2024.

On Holding AG posted a surprise loss and revenue came in below expectations as the Switzerland-based athletic shoe and sportswear maker was hurt by unfavorable exchange rates.The company also predicted current-quarter and full-year sales that were below estimates.On Holding said it was hurt by the soaring Swiss franc, which jumped about 10% in 2023.On Holding's shares slid 9% in late Tuesday trading.

A new study finds dividend payouts by companies worldwide jumped 5% in 2023 to a record-high $1.66 trillion.The research by Janus Henderson shows 86% of the biggest companies by market cap raised their dividend last year.Microsoft retook the top spot from BHP Group, the survey finds.

Intel Corp.'s shares fell 3% Wednesday as the Pentagon withdrew a planned $2.5 billion chip grant for the semiconductor company, according to Bloomberg.President Biden’s spending package has allocated $3.5 billion in defense funding for Intel, but the company may now have to turn to the Commerce Department.Intel aims to secure more than $10 billion in incentives from the CHIPS and Science Act.

GE HealthCare Technologies said it was increasing the number of shares available in its announced secondary sale.Shares available will increase to 14 million from the previous amount of 13 million.GE, which spun off its GE HealthCare unit into GE HealthCare Technologies in January 2023, will sell the shares. It retained a 19.9% stake in GE HealthCare Technologies after the spinoff.

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

U.S. Steel Corp. shares tumbled almost 13% Wednesday after reports saying President Joe Biden will raise concerns about Nippon Steel's $14.9 billion purchase of the steelmaker.The president is expected to issue a statement on the deal ahead of a visit from Japan's prime minister, Fumio Kishida, next month.Biden is expected to echo remarks from White House Economic Adviser Lael Brainard who said the president felt the acquisition deserved "serious scrutiny."

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.