STORY: "We expect another quarter of negative year-over-year earnings growth, which would put us in an earnings growth recession.... The other thing to note is that profit margins were compressed more than expectations."
To get a deal done, government regulators agreed to a series of concessions.
Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.The Hangzhou-based firm is one of China's most prominent tech giants, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.
S&P now expects a the UK economy to contract by only 0.5% in 2023.
Fallen crypto-tycoon Sam Bankman Fried has been accused by US authorities of paying a $40m bribe to Chinese government officials.
Bitcoin (BTC-USD) dipped below the $27,000 mark after news emerged that Binance, the world’s largest cryptocurrency exchange, is facing a US ban.
Asian stocks were mixed Monday in a cautious start to what could be another rocky week for global markets, after a rout in banking shares renewed fears for the sector.After markets closed on Friday, Biden said banks are "in pretty good shape" following the recent financial sector turmoil.
Alibaba is splitting itself into into six business groups as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units. Alibaba Group Holding Ltd. said in a regulatory filing Tuesday that the six new groups will be made up of the Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group.
Paypal (PYPL) closed at $73.30 in the latest trading session, marking a -0.79% move from the prior day.
Silicon Valley Bank collapse 'fastest since Barings' says Andrew Bailey.
CSTM, ATKR, CAR, BLMN and ICFI have been added to the Zacks Rank #1 (Strong Buy) List on March 28, 2023.
With natural gas prices having depreciated significantly in 2023, we advise focusing on fundamentally sound companies like SBOW and LNG.
Alibaba, the Chinese e-commerce and media group, unveiled a top to bottom corporate restructuring that it says is intended to “unlock shareholder value and foster market competitiveness.” The group, which has a current market capitalization of $228 billion, will split itself into six divisions of differing sizes. Each unit will have a CEO and a […]
Home prices continue to moderate in the U.S. with prices falling month-over-month nationwide to start 2023, while some key markets are still seeing prices drop against last year.
(Reuters) -Wall Street struggled for direction on Tuesday as investors weighed receding concerns about a banking crisis, while Treasury yields rose amid focus on Federal Reserve's interest rate trajectory. Growth stocks such as Microsoft Corp, Alphabet Inc, Apple Inc and Tesla Inc remained under pressure, falling between 0.8% and 1.5% as yields rose. Money market bets are now split between the Fed raising interest rates by 25 basis points and a pause in its policy meeting in May, after being largely tilted towards a no-hike scenario at the end of last week.
CFTC is accusing the world's largest crypto exchange of selling digital assets to U.S. customers despite not being registered to do so.
Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?
The UK Treasury has abandoned its proposal for the Royal Mint to develop its own non-fungible token (NFT).
In the latest trading session, Applied Materials (AMAT) closed at $118.87, marking a -0.55% move from the previous day.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Investors can't catch a break from banking headlines, with fears of contagion taking the majority of focus as of late. And just over the weekend, investors were met with another significant headline.
