Alibaba Blasts Q4 Earnings Estimates

Alibaba Blasts Q4 Earnings Estimates

Sales of Alibaba Group Holding, China’s largest e-shop platform, exceeded analysts’ expectations and increased 51%. The operator of the well-known AliExpress site announced that its sales in the fourth financial quarter ended March 31 were up 51% y/y to 93.50...
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Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competito...
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Biggest Decline in Global Trade Since 2009 Crisis

Biggest Decline in Global Trade Since 2009 Crisis

According to the Dutch Bureau for Economic Policy Analysis (CPB), world trade recorded biggest percentual drop since the global financial crisis of 2008-2009. A report released last week shows that world trade grew by 2.3% in January after the index...
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Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than...
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Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects,&#822...
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Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...
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