Alibaba Earnings Show It Again Defying China's Slowdown
HONG KONG — Amid concerns about a slowdown in the growth of the Chinese economy, China’s largest e-commerce company is showing that — for now — business on its platforms is holding steady.Alibaba Group said on Wednesday that its revenue grew strongly in the three months through the end of September, as the myriad brands and small-time vendors on its online shopping sites kept spending heavily on advertising. Although Chinese economic growth has slowed, more shoppers are also turning to Alibaba ..>> view originalYogurt Is Not White Enough for These White Nationalists
The alt-right movement—a catch-all name for the once-fringe band of white supremacists now basking in the tangerine glow of Donald Trump's presidential campaign—has a beef with Chobani, a popular brand of Greek yogurt. According to the New York Times, the company's founder, Hamdi Ulukaya, a Turkish immigrant of Kurdish descent, "has stepped up his advocacy" for the rights of immigrants and refugees, by "employing more than 300 refugees in his factories, starting a foundation to help migrants, an..>> view originalLegal pot is still a tough deal for investors
As Americans head to the polls on November 8, California could also join the likes of Colorado and Washington by legalizing marijuana for recreational use. The Golden State is already the largest cannabis market in the country and worth millions of dollars - but it could be worth millions more if the Adult Use of Marijuana Act passes. Video provided by AFP NewslookStacks of $100 bills sit on a table inside a marijuana-services company office. Because marijuana remains illegal at the f..>> view originalUS election, rate uncertainty rattle Wall Street
Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates.Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level.The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating mo..>> view originalCMO Today: AT&T-Time Warner Deal Puts 'Zero-Rating' on Regulatory Agenda
Updated Nov. 2, 2016 7:56 a.m. ET ZERO-SUM GAME?: AT&T plans to let its customers stream as much content as they want through its coming DirecTV Now online TV service without it counting toward their monthly data limits. But the offer to exempt its own service from data-usage caps—a billing practice often referred to as “zero-rating”—could also prove to be the company’s Achilles heel. Streaming rivals like Netflix and Sling TV are likely to press regulators to scrutinize the pr..>> view originalADP: Businesses added just 147000 jobs in October
Job fairs have been busy as employers struggled to hire workers in a tight labor market.(Photo: Justin Sullivan, Getty Images)Businesses added 147,000 jobs in October, payroll processor ADP said Wednesday, possibly signaling the government this week will report a third straight month of disappointing employment gains.Economists surveyed by Bloomberg expected ADP to report 165,000 job gains. They forecast the Labor Department on Friday will record 175,000 new jobs in the public and private sector..>> view originalBroadcom to Buy Brocade Communications for $5.5 Billion
The chip maker Broadcom said on Wednesday that it had agreed to acquire Brocade Communications Systems, a maker of routers, switches and other computer networking equipment, for $5.5 billion in cash.It is the latest deal in the rapidly consolidating semiconductor sector, where companies are seeking to achieve greater scale and to provide a larger array of products to their clients.The transaction came more than a year since Avago Technologies agreed to acquire Broadcom for $37 billion and took ..>> view originalMaersk Line falls to $116 million loss on rate tumble
Investors take fright at rising chances of Trump US election win
LONDON World stocks, the dollar and oil fell on Wednesday, while safe-haven assets such as gold and the Swiss franc rose as investors were rattled by signs the U.S. presidential race was tightening just days before the vote.Investors were beginning to rethink their long-held bets of a Nov. 8 victory for Democratic candidate Hillary Clinton amid signs her Republican rival Donald Trump could be closing the gap, deepening the recent decline across major stock markets.Asian stocks hit a seven-week..>> view original
Wednesday, November 2, 2016
Alibaba Earnings Show It Again Defying China's Slowdown and other top stories.
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