-- Alibaba Group\'s (NYSE:BABA) Hong Kong shares fell on Thursday after the firm’s cloud unit slashed prices across most of its products, citing plans to increase access to artificial intelligence development in China. Alibaba’s Hong Kong shares (HK:9988) fell 2.3% to HK$72.55, lagging 0.1% decline in the broader Hang Seng index. The firm’s cloud unit...
- Dollar Tree (NASDAQ: DLTR) reported fourth quarter EPS of $2.66, in line with the analyst estimate of $2.66. Revenue for the quarter came in at $8.65B versus the consensus estimate of $8.66B. Dollar Tree\'s stock price closed at $146.14. It is up 15.85% in the last 3 months and down -0.31% in the last...
- NetEase (NASDAQ: NTES) reported fourth quarter EPS of ¥12.35, ¥0.20 better than the analyst estimate of ¥12.15. Revenue for the quarter came in at ¥28.33B versus the consensus estimate of ¥28.07B. NetEase\'s stock price closed at ¥112.28. It is up 2.65% in the last 3 months and up 31.18% in the last 12 months....
-- The Securities and Exchange Commission (SEC) is investigating whether OpenAI investors were misled in the wake of the AI firm’s recent leadership overhaul, the Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator is specifically looking into internal communications involving CEO Sam Altman, and had also sent a subopena...
-- Australia’s ASX 200 index reversed early losses to hit a record high on Thursday, buoyed chiefly by month-end positioning in index heavyweight stocks after losses earlier in February. The ASX 200 rose 0.6% to a record high of 7,703.80 points, trading slightly below that level at the end of trade for the day. Thursday’s...
By David Shepardson and Valerie Insinna WASHINGTON (Reuters) - Boeing (NYSE:BA) must develop a comprehensive plan to address \"systemic quality-control issues\" within 90 days, the head of the U.S. Federal Aviation Administration said Wednesday, after a mid-air emergency last month sparked renewed safety concerns. The head of the FAA demanded the plan in a statement...
European stocks may open on a mixed note Wednesday as investors await key U.S. GDP and inflation readings along with speeches by Fed officials for fresh clues on the timing of the Federal Reserve\'s easing cycle. Eurozone economic sentiment survey results as well as a revised reading on fourth quarter U.S. GDP may attract attention...
Economic confidence survey data from the euro area is the top economic news due on Wednesday. At 3.00 am ET, producer prices from the Czech Republic and business sentiment from Sweden are due. The Czech producer prices are expected to fall 1.8 percent annually in January, in contrast to the 1.4 percent rise in December....
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday. The NZ dollar fell to near 2-week lows of 0.6103 against the U.S. dollar and 91.84 against the yen, from yesterday\'s closing quotes of 0.6169 and 92.84, respectively. Moving away from a recent 2-day low of 1.7555 against the euro,...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday. The Australian dollar fell to nearly a 2-week low of 0.6512 against the U.S. dollar and an 8-day low of 98.09 against the yen, from yesterday\'s closing quotes of 0.6543 and 98.47, respectively. Against the euro, the aussie slipped to 1.6627...