Market News

Alibaba Shares Rise

Alibaba Group’s (BABA) shares rose Thursday after the Chinese e-commerce giant’s fiscal first-quarter results easily beat expectations on solid growth in its core retail business. Alibaba said revenue rose to 114.92 billion renminbi ($15.91 billion) on the quarter ended June 30, up from 80.92 billion renminbi in the prior-year period and ahead of Capital IQ’s consensus of 111.65 billion renminbi. […]

by × August 15, 2019 ×

ISM Non-Manufacturing Gauge Hits Three-Year Low

Economic activity in non-manufacturing, a sector that ranges from real estate to construction and entertainment, grew at a slower pace in July than expected as the Institute for Supply Management’s gauge hit the lowest level in almost three years. The ISM’s non-manufacturing index fell 1.4 points from the month before to 53.7%, the lowest level since the August 2016 print […]

by × August 5, 2019 ×