Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a profit in its second quarter, compared to last year’s loss, with higher revenues. The company further said it has decided to not proceed with a full spin-off of its Cloud Intelligence Group, and instead will focus on developing a sustainable growth model under the fluid circumstances. In pre-market activity […]

Advance Auto Parts, Inc. (AAP), while reporting third-quarter loss despite higher revenues, on Wednesday lowered its fiscal 2023 earnings outlook again. The company also announced the appointment of Ryan Grimsland as chief Executive Officer. Further, the company announced that it is launching a new cost reduction program that will generate at least $150 million in savings on an annualized basis. […]

Relief at the more-than-expected decline in inflation in the U.S. as well as U.K. triggered relief rallies across asset classes. Data from China that revealed a more-than-expected uptick in industrial production as well as retail sales also added to the positive sentiment. Wall Street Futures portend strong gains. European benchmarks are trading higher amidst data showing easing inflation in the […]

In a recent report, investment banking giant Morgan Stanley has suggested that crypto winter is on the way out, and a spring is likely coming early next year. The report — Will Crypto Spring Ever Come? — written by Denny Galindo, a stock analyst with Morgan Stanley, says the crypto winter will most likely come riding the Bitcoin halving expected in April […]

Shares of Sally Beauty Holdings, Inc. (SBH), a specialty retailer and distributor of professional beauty supplies, are climbing more than 14% Tuesday morning despite reporting fourth-quarter results below analysts’ view. Net earnings in the fourth quarter increased to $42.6 million, or $0.39 per share from $21.3 million, or $0.20 per share last year, primarily due to restructuring charges of $26.43 […]

Yesterday, in a detailed analysis on his YouTube channel, Crypto Jebb, a notable figure in the cryptocurrency analysis sphere, discussed the potential impact of the U.S. Securities and Exchange Commission (SEC) rejecting all current applications for spot Bitcoin ETFs. He specifically focused on the influence of SEC Chair Gary Gensler’s stance on the future of Bitcoin’s price. Jebb’s analysis is […]

Andrei Jikh, a renowned personal finance expert, recently released a video to his 2.3 million YouTube subscribers, explaining the intricacies of BlackRock’s proposed spot Bitcoin and Ethereum ETFs. Jikh’s analysis provides a comprehensive understanding of these financial instruments and their potential impact on the cryptocurrency market. Jikh has established himself as a prominent educator in finance, primarily through his YouTube […]

Bitcoin continues to be the talk of the town based on its current bullish run after months of stagnation, thanks to heightened optimism about the approval of spot BTC exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). As a result, veteran trader Peter Brandt believes a pennant is being formed on the Bitcoin network, and this […]

Shares of The Boeing Company (BA) are rising more than 4% Monday morning after announcing $52 billion order from Emirates airline for 95 Boeing aircrafts. BA, currently at $204.96, has traded in the range of $168.52 – $243.10 in the last 1 year. Source: Read Full Article