The market’s negative reaction to Alibaba’s announcement of a major share issue illustrates a broader skepticism among global investors about the eventual payback on present AI spending
Gold price (XAU/USD) rebounds to around $4,095 during the early Asian session on Thursday. The precious metal edges higher after the US Federal Reserve (Fed) decided to leave interest rates unchanged, a hold delivered over three dissenting votes and against a fresh eruption of fighting between the US and Iran. As expected, the Fed left…
A stock can beat Wall Street’s earnings estimates and still fall sharply. Another company can miss an estimate and rally. This is not necessarily irrational. Stock prices respond to how results compare with the expectations already reflected in the price, not simply whether the headline says “beat” or “miss.” Key takeaways for stock investors An…
The central bank poured cold water on the claim that stablecoin can make cross-border remittances cheaper. A new study from Italy’s central bank challenges one of the crypto industry’s biggest selling points: that stablecoins can make cross-border remittances cheaper and faster than traditional payment networks. Banca d’Italia’s research examined remittance corridors involving Italy, Argentina, Brazil,…
Alphabet (GOOG -0.88%) (GOOGL -0.96%) is one of the world’s largest companies, and it posted one of the most profitable quarters in history. It delivered an incredible $112 billion in net income. However, that comes with a big asterisk. In Q2, Alphabet generated $120 billion in revenue. It’s nearly impossible for a company to turn…
