Panic is never a great attitude to have in investing, but neither is blind optimism. So it's probably healthy for Alibaba (NYSE: BABA) shareholders not to get too overwhelmed by the ongoing Chinese regulatory crackdown, but also not blindly buy the stock just because it's down an
Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%.
Are These Best E-Commerce Stocks To Buy Now?E-commerce stocks along with the broader retail industry continue to gain attention in the stock market this week. For the most part, retailers posting stellar quarterly figures and positive retail sales data would be driving this momen
The S&P 500 and Nasdaq reversed course to edge higher in volatile trading on Thursday after a clutch of upbeat retail and technology earnings encouraged investors to shrug off hawkish comments on inflation from a Federal Reserve policymaker.
What happened
Shares of Alibaba Group (NYSE: BABA) plunged 10.9% as of 11:25 a.m. EST on Thursday, after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter 2022.
L'Oreal has reached an agreement with two of China's top livestreaming stars after a public dispute over discounts on Alibaba's Singles' Day earlier this month.
L'Oreal has found a solution with two of China's top livestreaming stars after a public dispute over discounts on Alibaba's Singles Day earlier this month.
The Nasdaq led Wall Street higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.
Consumer stocks were mixed pre-bell Thursday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.30% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently 0.56% higher.
The NASDAQ 100 Pre-Market Indicator is up 103.35 to 16,411.42. The total Pre-Market volume is currently 74,184,685 shares traded.The following are the most active stocks for the pre-market session: Sono Group N.V. (SEV) is +5.5 at $43.70, with 5,422,778 shares traded.Clover Heal
Jumia (NYSE: JMIA) and ContextLogic (NASDAQ: WISH), the parent company of Wish, have both been disappointing e-commerce investments.Jumia, a German company that gained an early mover's advantage in Africa's nascent e-commerce market, went public at $14.50 per share more than two
Stock Market Futures Edge Higher Ahead Of Weekly Jobless DataStock market futures are trading higher on Thursday morning. With weekly unemployment claims data set to roll in today, investors would have another point of data to consider regarding the current economic recovery. For
(RTTNews) - Chinese e-commerce giant Alibaba Group Holdings Limited reported Thursday sharply lower net income in its second quarter, despite strong growth in revenues. Further, the company revised fiscal year 2022 revenue guidance, and now expects revenue to grow 20 percent to 2
China's Alibaba Group Holding Ltd on Thursday missed market expectations for second-quarter revenue, as consumption in the country slowed and its e-commerce business took a hit from supply chain constraints.
China's top two livestreaming sales stars said they have suspended cooperation with French cosmetics giant L'Oreal over a dispute about prices during Alibaba Group's Singles Day shopping promotion earlier this month.