Alibaba Group Holding Ltd. BABA, + 0.53% top estimates of revenue and earnings Thursday for its fiscal first quarter, and its shares were up 0.5% in prime trading. The company reported net income of RMB47.59 billion ($ 6.74 billion), as RMB17.36 a share, up from RMB21.26 billion, or RMB8.06 a …
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A red flag from the Federal Reserve has crept investors a bit, in a week that has delivered milestones for equities. Global stocks are slipping after the Fed released the minutes of its last policy meeting late on Wednesday. “In summary, the minutes described a weakened economy on an uncertain …
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Pedestrians wearing protective face masks pass a McDonalds Corp. fast food restaurant near the skyscraper offices of Sparkasse AG, center, in Frankfurt, Germany, on Wednesday 19 August 2020. Germany registered the highest number of new cases of coronavirus in almost four months, fighting fears of a resurgence of infections in …
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Asian stocks slipped Thursday after sobriety set in on Wall Street, and minutes from the US Federal Reserve posed economic challenges amid the coronavirus pandemic. Japanese benchmark Nikkei 225 NIK, -0.99% fell 1% in early trade, and the Kospi of South Korea 180721, -3.79% ploft 3.1%. Hang Seng HSI from …
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Futures of the US stock index fell Wednesday night, after shares fell on Wall Street after Fed minutes revealed revelations about the economic outlook. From midnight Eastern, Dow Jones Industrial Average futures YM00, -0.62% were down 170 points, or 0.6%, while S&P 500 futures ES00, -0.59% and Futda NQ00 and …
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