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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the…
Hasbro says it’s taking steps to offset China tariff effects
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as executives said the company is shifting manufacturing away from China.Hasbro Chief Financial Officer Gina Goetter…
Walmart will report earnings before the bell. Here’s what to expect
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether…
Etsy stock tumbles on revenue miss as company reports drop in number of goods sold
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy missed on revenue and gross merchandise sales for the fourth quarter, with the…
FIS shares plunge most since 2023 on disappointing revenue, guidance miss
Jaque Silva | Nurphoto | Getty ImagesShares of Fidelity National Information Services plunged the most since 2023 on Tuesday after the company reported quarterly earnings that fell short of Wall Street estimates and issued a…
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. Henry Romero | ReutersEurope's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit…
Robinhood posts record profit as post-election trading frenzy lifts volumes
Avishek Das | SOPA Images | Lightrocket | Getty ImagesTrading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump's presidential…
Cisco pops on increased full-year revenue forecast
Cisco CEO Chuck Robbins speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCisco shares climbed about 6% in extended trading on Wednesday after the networking…
Reddit shares plunge after Google algorithm change contributes to miss in user numbers
Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | Afp | Getty…
Barclays shares sink despite fourth-quarter profit hike as 2025 guidance fails to impress
Chris Ratcliffe | Bloomberg | Getty ImagesShares of British bank Barclays sank in early Thursday trade, after the lender's forward guidance failed to impress despite its full-year pre-tax profit beat.Pretax profit rose by 24% to £8.108…