Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan’s quarterly revenues missed expectations.
Schlagwort-Archiv: Markets
Walmart raises full-year guidance, as earnings beat on boost from grocery and online businesses
The discounter’s report comes after Home Depot and Target posted weaker sales trends.
IRS flagged more than 1 million tax returns for identity fraud in 2023
Identity thieves try to file fraudulent tax returns to claim refunds. There are steps taxpayers can take to protect themselves.
Tether buys $222 million worth of bitcoin to back its USDT stablecoin
Tether said it would invest 15% of its net profit into bitcoin to „diversify“ the reserves that back its USDT token.
Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say
A U.K. Parliament committee said it was concerned by government proposals to regulate consumer trading of crypto as a financial service.
Stocks making the biggest premarket moves: Western Alliance, TJX, Wynn, Tesla & more
These are the stocks posting the largest moves in the premarket.
Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves
Blockchain firm Ripple acquired Metaco, a Swiss crypto custody services firm, the company announced Wednesday.
Target tops earnings expectations, even as sales barely budge and consumers watch spending
Target’s comparable sales were flat as consumers bought more necessities, and the retailer said it expects more sluggishness in the current quarter.
Tencent posts fastest jump in quarterly revenue in more than a year after China reopens
Tencent reported its fastest quarterly revenue growth in more than a year as the company saw a big rebound in payment volumes, ad sales, and gaming.
Stocks making the biggest moves premarket: Home Depot, Capital One, Dish Network & more
These are the stocks posting the largest moves in premarket trading.