Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations.
Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in China. The Chinese shopping festival is held on Nov. 11 and is also referred to as Double Eleven because of the date. …read more […]
Since its launch in 2017, Luckin has not shied away from spending heavily to open stores as part of its stated goal of overtaking Starbucks Corp in China by the end of the year. The company opened about 700 stores in the third quarter, taking its total in China to 3,680, while Seattle-based Starbucks took two decades to reach 4,125. Starbucks is largely credited with making a nation of tea-lovers embrace coffee and Luckin is looking to ride on that through rapid expansion, heavy advertising and promotions. …read more […]
Boeing may be eyeing deliveries of its long delayed 737 MAX aircraft year end, but, Air Lease Corp CEO John Plueger says it will take 24 months for all those jets to be absorbed into the global fleet. …read more […]
Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in China. The Chinese shopping festival is held on Nov. 11 and is also referred to as Double Eleven because of the date. …read more […]
Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans.
The promise of PeptiDream Inc’s drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters.
Wall Street was set to open lower on Wednesday after President Donald Trump threatened to “substantially” raise tariffs if China did not strike a trade deal with the United States and on escalating tensions in Hong Kong.
UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive.
WASHINGTON, Reuters) – U.S. consumer prices rebounded more than expected in October and underlying inflation picked up, which together with abating trade tensions and fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term.
Chinese e-commerce giant Alibaba Group has opened the trading books for its $13.4 billion Hong Kong listing, two sources with direct knowledge of the process told Reuters on Wednesday.
U.S. stock futures fell Wednesday ahead of congressional testimony from Federal Reserve Chair Jerome Powell. Brewing tensions in Hong Kong and a drought of updates on U.S.-China trade progress weighed on equities in early trading. …read more […]
Abbott Laboratories Chief Executive Officer Miles White will step down next year after leading the healthcare conglomerate for more than two decades. White, who will remain the executive chairman, will be succeeded by Chief Operating Officer Robert Ford, the company said on Wednesday. White, 64, was instrumental in Abbott’s acquisitions of rivals St. Jude Medical and Alere, as well as the separation of Abbott’s pharmaceutical arm into AbbVie Inc. …read more […]
Today we’ll evaluate National Fuel Gas Company (NYSE:NFG) to determine whether it could have potential as an… …read more […]
Q3 2019 Valeritas Holdings Inc Earnings Call …read more […]
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