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 annual report on Saturday revealed that assets held by the world's sovereign wealth and pension funds hit $31.9 trillion in 2021; an all-time record. This came as U.S. stock and oil prices continued to rise, while the value of investments rose to their highest levels in the last...
The S&P 500 and Nasdaq gained on Wednesday as U.S. technology stocks recovered from a round of recent losses. This rebound was largely spurred on by renewed investor confidence following the release of positive economic data.
The latest Labor Department data prior to the holiday closure showed that weekly initial...
The euro fell by 0.3% on Wednesday to $1.1205, which is its lowest level since July 2020. This comes after the release of a survey that showed the steep decline of business morale in Germany during the month of November.
With supply chain and manufacturing bottlenecks as well as a...
Several European stock markets realized slight gains on Wednesday morning, despite concerns over a rise in COVID cases sweeping across the European Union. Having slightly declined the day before, the FTSE 100 opened 0.5% higher on Wednesday. France's CAC and Germany's DAX followed suit, gaining 0.2% and 0.1% on...
Russian banking and financial services company Sberbank unveiled on Thursday its second supercomputer. Known as the Christofari Neo, this supercomputer is expected to assist the company in meeting rising demand in AI services that are exceeding projections. The supercomputer is named after Nikolai Christofari, the bank's first-ever customer from...
The G20, comprised of the leaders of the world's largest economies, has decided to universally agree to endorse a deal stipulating that a global minimum corporate tax of 15% be enforced. This decision was reached following a two-day G20 summit, after which a draft of the plan was revealed...
Bank of England warned the British citizens recently to prepare themselves to face interest rate rises earlier than expected. This hike is influenced by the inflation pressure that is affecting the U.K.
BoE governor Andrew Bailey explained during an interview that there is much concern over Britain's inflation rate rising...
American Express Co. is introducing a new perk for its $695-per-year platinum credit card in partnership with Walmart. Platinum cardholders will now be eligible to receive statement credits for Walmart+. In addition to receiving free shipping for online orders, cardholders will also have access to an array of discounts...
Goldman Sachs Group Inc. is the latest organization to join those who predict a surge in demand for crude oil later in the year as the use of utilities makes the switch from oil to fire power plants. This switch has been influenced by high natural gas prices. Head...