Major Stock Moves
Witness Monday's rising stock futures following the S&P 500's impressive month of gains. Stay tuned as Wall Street focuses on earnings from tech giants Apple and Amazon.com, along with the highly anticipated monthly U.S. jobs r...
US stock market on Monday
US stock indices ended Monday with a weak decline after three days of gains.
The Dow Jones Industrial Average index fell 46.73 points (0.14%) to 32798.4 points. Leading the declines were Chevron Corp (NYSE:C...
There will be no delisting in the US
On Monday, Alibaba (BABA) announced that it will restructure its international and domestic e-commerce business by creating two independent divisions to "grow more smoothly and quickly."
The ...
Record low
Alibaba (BABA) shares are trading at a record low since May 2017 as investors worry about the risks of delisting on the US exchange.
The recent drop in Alibaba's shares stems from the Chinese e-commerce giant's fear of losing its main li...
Alibaba report disappoints market
Alibaba (BABA) shares fell after reporting sales and profit below analysts' forecasts and lowering its annual sales forecast. In contrast, Alibaba rival JD.com's report beat Wall Street estimates.
Alibaba's (BABA) ...
Schedule for the week
Investors in the US stock market this week will be treated to important economic data on US retail sales for October. Nvidia (NVDA), Alibaba (BABA), Li Auto (LI), Lucid (LCID), Walmart (WMT), Home Depot (HD) and others will rel...
Biggest IPO in history
Rivian's listing on the Nasdaq exchange was one of the most anticipated in 2021 investors were not disappointed. The company raised $11.9bn for its development and was valued at $85.9bn, higher than Ford's capitalisation, for ...
IPO from Rivian
Electric car startup Rivian, backed by Amazon and Ford, has filed a new Form S-1 with the SEC, with a tentative share price to go public. In the IPO, Rivian hopes to raise $8.4bn. The success of Tes...
New devices from Google
Google on Tuesday unveiled its new Pixel 6 and Pixel 6 Pro smartphones with proprietary Tensor chips and the recently released Android 12 operating system. The new d...
Unbundling Ant Financial
Beijing makes plans to separate financial giant Alipay Ant Group, which is 33 percent owned by Alibaba. Also, Beijing indends to create a separate credit reporting app that would be partly ...
Authorities put pressure on Alibaba Group
Alibaba (BABA) shares on the US exchange NYSE fell 4.9 per cent on Tuesday, to two-year levels, due to the release of tougher antitrust rules from China. Market analysts point to fiv...
Stock sell-off
Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Alibaba shares fall
Chinese e-commerce giant Alibaba reported 1.18 billion active customers and increased its share buyback programme to a record $15 billion. However, the negative trends seen by investors outweighed and Alibaba ...
Taxi service Didi
Chinese giant Didi Global Inc said Beijing's order to remove the taxi-calling service from app shops in China could hit revenues. At the same time, other Chinese companies that recently went public in the US have also been the targ...
Didi and IPO
China's largest passenger taxi service company Didi has filed paperwork to go public in the US, the BBC reports.
The company is known to have the backing of major Asian technology investment firms, including Softbank (T:9984), Alibaba ...
Losses due to fine
Alibaba reported stronger revenues and number of active users in the March quarter than Wall Street expected, but posted its first loss in nine years because of a major antitrust fine.
Shares in Chinese e...
Stock market
Prudential (LON:PRU) shares fell 4.3% after the UK-based life insurance company said the spin-off of its US business would not take place until the second half of the year.
Alibaba (NYSE:BABA) shares fell 3.1% as China's leading e-comm...
New York Stock Exchange premarket
Shares in Johnson&Johnson (NYSE:JNJ) fell 2.3% after US health authorities called for the suspension of the drug maker's COVID-19 vaccine because of clotting problems.
Altimeter Growth (NASDAQ:AGC) shares rose ...
Largest fine in history
The company was accused of violating antitrust laws. Alibaba's actions had a negative impact on competition in the e-commerce market, the regulator said.
China's State Market Surveillance Administration has imposed a fine of...
Unfair business
The Chinese authorities intend to impose the largest antitrust fine in the country's history on Internet platform Alibaba. This was reported by The Wall Street Journal (WSJ).
According to WSJ sources, Alibaba is to be fine...
- 1
- 2
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
