Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images BEIJING — Early indicators of China’s biggest shopping event of the year reveal a pickup in select categories amid expectations of […]
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm […]
A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019. Aly Song | Reuters BEIJING — The size of China’s highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said. Investors expect Beijing to announce details on fiscal support Friday. That’s when […]
As China’s biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. Their reasoning? The delivery companies are seeing package volume grow, regardless of how much consumers spend on each purchase. “Express parcel volume growth has been outperforming online [gross […]
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its […]
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway‘s biggest equity holding for four quarters in a row. The Omaha-based conglomerate held $69.9 billion worth of Apple shares at the end of September, […]
Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts […]
Check out the companies making headlines before the bell. Amazon — The e-commerce giant popped 7% after posting stronger-than-expected earnings and robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% on a year-over-year basis. Apple — Shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent […]
Britain’s Science and Innovation Secretary Peter Kyle addresses delegates at the 2023 Labour Party conference in Liverpool. Paul Ellis | Afp | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to […]
BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It’s made up of the 20 largest U.S. […]
