Alibaba, Tencent and post slowest revenue growth on record

Alibaba, Tencent and post slowest revenue growth on record

Alibaba, whose headquarters are pictured here on May 26, said its online physical goods GMV in China, excluding unpaid orders, fell further in April, with a “low teens” decline from a year ago. Str | Afp | Getty Images BEIJING – Chinese tech giants Alibaba, Tencent and have all posted their slowest revenue growth … Read more

India needs to fill China gaps to become the “pharmacy of the world”

India needs to fill China gaps to become the “pharmacy of the world”

India has embarked on an ambitious plan to cut dependence on China for key raw materials as it seeks to become self-sufficient in its quest to be the “pharmacy of the world.” Varun Singh Bhati | Eyeem | Getty Images India has embarked on an ambitious plan to cut dependence on China for key raw … Read more

Despite fears of a margin crunch, Costco overdelivers on earnings

Costco (COST) reported a solid fiscal third quarter on Thursday after bell. Total revenue increased 16% year over year to $ 52.596 billion and beat the Consensus Street estimate of $ 51.55 billion. Earnings per share grew 10.5% to $ 3.04, in line with estimates, despite a one time 13 cents per share charge for … Read more

How to tap into your home’s equity if you are not ready to sell

MoMo Productions | Taxi | Getty Images In the last decade, a surge in home prices has built considerable wealth for the middle class. Total housing wealth grew by $ 8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more … Read more

Gap (GPS) reports Q1 2022 earnings

Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell more than 10% after hours, after closing the day up 4%. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick … Read more

Why Nvidia’s rise could signal a change in this jittery market

With Nvidia (NVDA) the dichotomy between the short-sighted traders and the eyes-on-the-prize investors — like our Club members – continues. As much as the positive reaction on Wall Street to Broadcom (AVGO) buying VMware (VMW) and the excellent earnings of Dollar Tree (DLTR) say about the psyche of the market, the remarkably Lazarus-like move of … Read more

3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring

Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. As of midday Thursday, shares of Dollar General were up about 14% and … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US … Read more

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

One of Silicon Valley’s most successful venture capital firms does not see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. … Read more

Secretary of State Antony Blinken speaks on US policy toward China

WASHINGTON – Secretary of State Antony Blinken on Thursday described China as the “most serious long-term challenge to the international order,” even as the world grapples with Russia’s war in Ukraine. “China is the only country with both the intent to reshape the international order – and, increasingly, the economic, diplomatic, military, and technological power … Read more