Chinese e-commerce giant Alibaba saw its stock (NYSE:BABA) take a significant drop this week after the company released its quarterly results. BABA lost 15.51 percent of its value in the past five days and has been trading around 105.80 at the moment.
According to the report, Alibaba's earnings per share...
An inside source from the Goldman Sachs Group revealed the investment banking titan's intent to double its annual property investments in Japan to approximately 250 billion yen ($2.3 billion). This strategy is believed to be aimed at meeting the surging demand for data centers and logistics hubs in the...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...
Reliance Industries Ltd announced last week that it will be investing $144 million in U.S. energy storage company Ambri Inc. The Indian oil-to-telecoms conglomerate will be joined by the investors such as Bill Gates as well as the investment management firm Paulson & Co.
Through its Reliance New Energy Solar...
Internet's favorite entrepreneur Elon Musk recently shared some advice to investors looking for the best approach in times of high inflation. Discussing the issue on Twitter, the CEO of Tesla recommended investing in "physical things".
According to Musk, it is "generally better to own physical things like a home or...
Financial services firm Gulf Islamic Investments LLC is planning to purchase a stake in a Saudi healthcare company for around $600 million, co-founder Mohammed Alhassan revealed during an interview. This is expected to be the largest deal that GLL has completed to date.
Currently overseeing over $2 billion in investments,...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Top British asset management firm Aviva Investors has revealed its intention to distance itself from companies that do not meet its requirements in terms of efforts put towards tackling climate change. This includes those in the oil, gas, mining, and utility sectors.
Chief investment officer for equities David Cumming is...
Japanese conglomerate SoftBank Group Corp has decided to invest $125 million into a Saudi Arabian company, marking its first foray into the Gulf nation. The investment, which is for a customer communication platform called Unifonic, was co-led with Sanabil, which is wholly owned by the Kingdom's Public Investment Fund.
Unifonic...
United Airlines Holdings Inc announced on Thursday its intention to invest $15 million in Eve Air Mobility, a subsidiary of Brazilian aerospace company Embraer. The major U.S. carrier also revealed that it will order 200 aircraft from the air taxi maker. An option for an additional order of 200...