Alibaba boosts share buy back as revenues miss estimates

[ad_1] By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s second-largest economy. Reuters U.S.-listed shares of Alibaba fell 4% in early trading after the company flagged an increase of $25 billion to its […]

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New Hermes bull Morgan Stanley sees more gains for record rally

[ad_1] By Bloomberg Published Feb 8, 2024 After years on the sidelines, Morgan Stanley is finally joining the bulls pushing Hermes International shares to record highs. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The broker upgraded the maker of Birkin and Kelly handbags to overweight on Wednesday, its […]

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Wilson racket maker Amer Sports rises up to 6% after $1.37 billion IPO

[ad_1] By Bloomberg Published Feb 2, 2024 Amer Sports Inc. stock rose as much as 6.2% above its US initial public offering price after its first-time share sale priced below a marketed range. Arc’teryx Shares in the maker of Wilson tennis rackets and Salomon ski boots were trading at $13.61 each as of 1:14 p.m. […]

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