Alibaba Group (ALBCF) has filed its application for listing at the Hong Kong stock exchange aimed at raising up to $20B and is expected to float in October with a valuation of $100B, reported The China Perspective, citing Hong Kong-based Oriental Daily. About $7B from the money raised will be used to buy back Yahoo's (YHOO) stake in Alibaba, the report added.
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
Google stock soared after parent Alphabet reported first-quarter earnings and revenue that handily beat consensus estimates.
Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated, sending its shares up 21% in after-market trading. The company has historically struggled to compete against much larger rivals like Facebook owner Meta Platforms for digital ad revenue. In a letter to shareholders, Snap said its business was improving faster than it expected due to the upgrades of its ad system and higher demand for features that help brands drive sales or website clicks.
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
Alphabet reported Q1 earnings on Thursday.
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
(Reuters) -Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck, news cheered by investors who sent the stock surging more than 13% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
