About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Friday, November 15, 2024It’s a big morning for economic data, concluding a week that gave us a new Inflation Rate (+2.6%) with CPI for October mid-week, followed by PPI yesterday. Similarly to those figures, the economy again looks to be heating up.Pre-market futures are down at this hour, with the Dow -140 points, the S&P 500 -30 and the Nasdaq -180 points. The relief rally following election results last week looks to have given way to caution. Bond yields are up roughly 15 basis points (bps) on the week ...

It has been a whirlwind for Alibaba Group Holding Limited (NYSE: BABA ) stock and its Chinese peers recently. Beijing’s streak of stimulus measures introduced since October and the central government’s vow to reach the “about 5%” growthAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensat ...

Key TakeawayswAlibaba Group shares traded in the U.S. were lower Friday morning. The Chinese ecommerce giant posted higher-than-expected quarterly earnings on the back of cloud operations growth, but revenue was lower than expected.The company said that net income in its September quarter soared 63% year-over-year, beating the expectations of analysts polled by Visible Alpha.Revenue, up 5% year-over-year, undershot analysts' estimates. Alibaba Group's (BABA) US-traded shares were down around 3% in Friday mo ...

Alibaba Group Holding Limited (NYSE: BABA ) just released its September quarter earnings . The release beat estimates on revenue and earnings per share (EPS) and showed considerable progress in the cloud segment, which accelerated its top-line growth.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BABA, PDD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other tha ...

In this video, I will cover Alibaba's (BABA -1.54%) third-quarter earnings. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 14, 2024. The video was published on Nov. 15, 2024. ...

Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of 25.83 billion yuan.Revenue reached 236.5 billion yuan ($32.72 billion), versus an analyst forecast of 238.9 billion yuan, according to LSEG data.The company's New York-listed shares have gained ground this year to date, up almost 17% as of Friday. The stock wa ...

Alibaba Group Announces September Quarter 2024 Results Hangzhou, China, November 15, 2024 - Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced its financial results for the quarter ended September 30, 2024. "This quarter we continued to invest in the user experience and strengthen product offerings to serve our consumers. We entered into long-term collaborations with industry peers to broaden payment and logistics ser ...

Alibaba Group Holding Limited BABA will release earnings results for its second quarter, before the opening bell on Friday, Nov. 15.Analysts expect the China-based company to report quarterly earnings at $2.1 per share on revenue of $33.95 billion, according to data from Benzinga Pro.Alibaba Group, last month, decided to settle a class-action lawsuit filed by its shareholders for $433.5 million. The lawsuit alleged that the company had made misleading statements about its exclusivity practices.Alibaba share ...

Michael Burry bolstered his bets on three Chinese tech companies last quarter.The "Big Short" investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn't add any new names to his stock portfolio but exited a couple in the period. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a perso ...