Alibaba recently reported its financial results for the June quarter of 2024, and the numbers fell short of expectations set by LSEG. The company’s revenue came in at 243.24 billion Chinese yuan ($34.01 billion), missing the 249.05 billion yuan expected. Similarly, Alibaba’s net income was 24.27 billion yuan, below the 26.91 billion yuan estimated. This
Art
Walmart is gearing up to report its quarterly earnings, and analysts are eagerly awaiting the results to gain insight into the state of American households and the overall economy. The consensus estimates for Walmart’s earnings per share are 65 cents, with revenue expected to reach $168.53 billion. As the nation’s largest retailer, Walmart’s performance is
Former President Donald Trump has proposed a bold idea for Social Security – ending taxes on benefit income. While this move would allow seniors to keep more of their monthly checks, it has raised concerns about the potential revenue loss. Representative John Larson, D-Conn., criticized the plan, pointing out the lack of clarity on how
Starbucks has recently made headlines by offering their incoming CEO and Chair, Brian Niccol, an incredibly lucrative pay package to entice him away from his previous position at Chipotle Mexican Grill. Niccol is set to take over the reins at Starbucks on September 9th, and his responsibilities will include reviving the company’s sales, enhancing the
The construction boom in the U.S. has led to a surplus of housing units, resulting in lower rents and various benefits for renters. This surge in construction activity, especially since the pandemic, has substantially increased the inventory of available units, giving renters more options to choose from. According to Zillow Group, a significant number of
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, announced a first-half profit of 1.48 trillion kroner ($138 billion). This massive profit was primarily fueled by robust returns on its investments in technology stocks. The fund reported a value of 17.75 trillion kroner at the end of June, showcasing its impressive financial standing
In the midst of economic uncertainty, investors are faced with the challenge of determining how much cash they should set aside for emergency savings. Despite some positive economic indicators, such as second-quarter growth, there is a prevailing sense of unease among Americans. A recent survey revealed that nearly 60% of respondents mistakenly believe that the
Market volatility has been a major concern for investors and financial institutions alike in recent times. The UBS CEO, Sergio Ermotti, expressed his views on the potential intensification of market volatility in the second half of the year. The recent sharp sell-offs in global equities have been attributed to weak economic data from the U.S.,
Homeowners across the country are currently sitting on a staggering $17 trillion in equity, a figure that has increased significantly compared to previous years. This means that the average homeowner has gained around $28,000 in equity over the past year. While it may be tempting to tap into this equity for various reasons, experts are
The potential interest rate cut by the Federal Reserve could have a significant impact on Home Depot’s business. Chief Financial Officer Richard McPhail mentioned in an interview with CNBC that homeowners have been postponing new house purchases and major projects due to higher interest rates. This waiting game has been intensified as many people believe