Alibaba Jumps 11% After Announcing a $25 Billion Share Repurchase
(Alibaba) Shares of Chinese tech giant Alibaba rose more than 11% in Hong Kong on Tuesday after raising its stock repurchase program to $25 billion from the previous $15 billion.…
(Alibaba) Shares of Chinese tech giant Alibaba rose more than 11% in Hong Kong on Tuesday after raising its stock repurchase program to $25 billion from the previous $15 billion.…
(ECB) The current account surplus in the euro area was recorded at 23 billion euros in January 2022, the same as December. Services surplus in January was 16 billion euros…
(Nike) Shares of NIKE Inc. rose more than 5% on Tuesday in premarket after reporting a revenue jump of 5% in the third quarter of 2022 from the prior year…
(BIS) The Bank of International Settlements has announced the launch of a prototype for a common digital assets’ platform. The prototype, dubbed “Project Dunbar,” is geared towards streamlining cross-border payments…
(Galaxy Digital Holdings) US banking giant Goldman Sachs has completed its first over-the-counter crypto-related trade onboard Galaxy Digital. The US bank traded a bitcoin-lined instrument referred to as a non-deliverable…
(VallonPharma) Shares of Vallon Pharmaceuticals Inc. fell more than 74% in pre-market on Monday after a weak study outcome for Lead Program, ADAIR, for ADHD treatment. Vallon said that the…
(Pinduoduo) Pinduoduo Inc. shares rose 5% on Monday premarket after reporting revenue of RMB27.23 billion or US$4.273 billion, up by 3% from the prior year. FY21 revenues were reported at…
(Berkshire Hathaway) Shares of insurance company Alleghany Corp. rose more than 27% on Monday after Berkshire Hathaway announced an $11.6 billion purchase deal. The deal allows Berkshire to acquire all…
(ASN) Shares of plane maker Boeing Co. shed more than 8% on Monday after reports emerged that a 737-800NG plane with over 130 passengers crashed in China. The Aviation Safety…
(Anaplan) Shares of Anaplan Inc. rose more than 26% in pre-market on Monday after agreeing to go private in a $10.7 billion deal by Thoma Bravo. Anaplan is set to…
(Harian Metro) Malaysia’s Communication Ministry has given a proposal to the government to adopt digital assets such as Bitcoin as a legal tender. Communications deputy minister Zahidi Zainul Abidin asked…
(Markets Insider) Innovation stocks, loved by Cathie Wood’s Ark Invest, are attractively priced and present buying opportunities, according to JPMorgan’s Marko Kolanovic. Kolanovic says the innovation stocks, already posting little-to-no…