Chinese E-Commerce Giants Report Slowing Growth for Singles Day Sales
Alibaba and JD.com reported slower growth in Singles Day sales, indicating a struggling economy. Package deliveries surged during the event.
Dye & Durham Considers Sale of Noncore Assets in Strategic Review
Dye & Durham will explore the possibility of selling noncore assets as part of a strategic review to reduce debt levels and improve financial position.
Korea Electric Power Ends Nine-Quarter Losing Streak
KEPCO achieves net profit in Q3 2022, ending nine-quarter losing streak due to tariff adjustments and cost management strategies.
Moody’s Downgrades U.S. Credit Rating Outlook to Negative
Moody’s downgrades U.S. credit rating outlook to negative, citing increasing federal deficit and political polarization.
Challenges for Hawaiian Electric Industries Following Maui Wildfire
Hawaiian Electric Industries faces challenges and suspends guidance after the Maui wildfire. The company contributes $75 million to a fund for victims and faces pending lawsuits.
The Struggles of Small Cap Stocks
Stocks of smaller companies have had a difficult year, but their low valuations and potential for improvement make them an attractive option for investors. This article discusses the challenges faced by small-cap stocks, the current market...
Saputo Shares Retreat on Cautious Outlook
Saputo's shares decline following weaker sales and cautious outlook on global demand and pricing expectations. Despite challenges, the company expects to benefit from positive factors this fiscal year.
U.S. Stock Futures Struggle After Poor Bond Auction
U.S. stock futures are struggling after a poor bond auction and indications of higher interest rates, disrupting the winning streak for major indexes.
SoftBank Group Posts Second-Quarter Net Loss
SoftBank Group reports a net loss of 931.11 billion yen in the second quarter, primarily due to losses from its Vision Fund tech investment segment and investments in WeWork. The company is now preparing for new investments after a cautious...
AMC Shareholders Vote to Declassify Board but Face Obstacles
AMC shareholders express desire to shake up board in vote, but proposal fails due to no-shows and abstentions. Stock experiences decline.