Alibaba Q4 Loss Sharply Widens

Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. “Alibaba delivered on the goal of […]

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Wall Street Rally To Continue

Initial jobless claims and pending home sales might be the focus on Thursday. The revised reading on first-quarter GDP also might get special attention. Initials signs from the U.S. Futures Index suggest that Wall Street might open higher. As of 7.45 am ET, the Dow futures were up 226.00 points, […]

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Tesla should be worried about this electric luxury car

(CNN)Sales of non-plug-in internal combustion-powered vehicles peaked in 2017, according to a report by industry analysts at Bloomberg New Energy Finance, and have been in “permanent decline” since then as sales of plug-in hybrid and electric vehicles increase. Sales of plug-in vehicles are also expected to triple their current levels […]

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