Latest Share buybacks News

Alibaba posts loss, slower revenue amid lower consumption

Nov. 17, 2022 09:25 AM EST

HONG KONG (AP) — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. The company reported net losses of 20.6 billion yuan ($2.87...

Tesla 3Q profit more than doubles from a year ago to $3.29B

Oct. 19, 2022 20:11 PM EDT

DETROIT (AP) — Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales. The Austin, Texas, electric vehicle and solar panel maker posted net income of $3.29 billion from July through September. CEO...