Thursday, August 17, 2017

Look out, Amazon: China's Alibaba may soon be bigger

Chinese e-commerce giant Alibaba reported strong earnings and sales, lifting its market value closer to Amazon's. Alibaba is benefiting from both solid demand from consumers and businesses who host their sites with Alibaba.
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
Look out, Amazon: China's Alibaba may soon be bigger
Chinese e-commerce giant Alibaba reported strong earnings and sales, lifting its market value closer to Amazon's. Alibaba is benefiting from both solid demand from consumers and businesses who host their sites with Alibaba. Read more »
 
Should I invest my emergency savings in the stock market?
It's tempting to take a chunk of cash just sitting there and put it to work in the market. But it's risky. There are better ways to get some return on your money. Read more »
 
Fed leader: We're halfway there on interest rate hikes
San Francisco Federal Reserve President John Williams spoke to CNNMoney Tuesday about the U.S. economy. Read more »
 
Stunning rebuke for the CEO president
The collapse of President Trump's business councils this week signifies a stunning and unprecedented rebuke to a president who prides himself on being business friendly. Read more »
 
Day 1 of NAFTA talks: 'This agreement has failed'
Leaders from the U.S., Mexico and Canada officially began renegotiating NAFTA on Wednesday. The U.S. Trade Representative said the pact has "failed" Americans. Read more »
 
Racial justice group to Pepsi CEO: Dump Trump now
Indra Nooyi, the CEO of Pepsi and one of the most powerful women and minorities in business, is being aggressively pressured by a racial justice group to quit President Trump's advisory council. Read more »
 
 
 
 
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