Trade Wars Don’t Affect Alibaba

Alibaba Sales Jump

E-commerce giant Alibaba Group Holding Ltd. reported a 61% increase in sales, as Chinese consumers continued to spend on the internet despite slowing economic growth. Alibaba, the operator of China’s two largest e-commerce platforms Taobao and Tmall, said in a statement on Thursday its core e-commerce business kept charging ahead in the most recent quarter...

By | August, 24, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

SNAPPED: Snap Inc Reports User Decline

User Trouble

Snap Inc. reported its first quarterly decline in daily users, sending its stock price gyrating Tuesday and adding to investor concern that big social-media sites are entering a slump after Facebook Inc. and Twitter Inc. also posted slowing growth...

By | August, 8, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

FED Hikes Rates

Fed Raises Rates, Signals More on the Way

The Federal Reserve raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the United States economy was strong enough for borrowing costs to rise without choking off economic growth...

By | June, 14, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Amazon Knocks It Out of The Park

Amazon Doubles Profit

Amazon.com Inc. on Thursday delivered a double punch, reporting its best revenue growth in more than six years while topping $1 billion in profit for the second straight quarter. The results surprised investors who were already expecting Amazon to post strong numbers as it extends its dominance in online retailing...

By | April, 27, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments