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Business Earnings

Alibaba Group Holding Ltd (NYSE:BABA) Cloud posted global revenues of $1.2bn in Q1 2019

Despite the decision to wait for further demand in the Middle East and Africa region, Alibaba Group Holding Ltd (NYSE:BABA) Cloud has posted global revenues of $1.2bn in Q1 2019, 76% up from the same period last year. Alibaba Cloud is the latest international cloud provider to put a future data centre project on hold after Apple’s shocking decision to axe its […]

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Business Markets

Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers

Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers, who have been rushing to cover their bearish positions as shares of the social-media company climbed. A Snap short squeeze began in February, said S3 Partners analyst Ihor Dusaniwsky, and the number of Snap shares shorted has fallen by more than 50% since then, to 75.1 million. Short […]

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Markets

Investors Alert: United Continental Holdings, Inc. (NASDAQ:UAL), Merck & Co., Inc. (NYSE:MRK), Orange SA (ADR) (NYSE:ORAN), Qutoutiao Inc. (NASDAQ:QTT)

The Chicago-based parent company of United Continental Holdings, Inc. (NASDAQ:UAL) is changing its name and shedding a bit more of its Houston connections. The company said Thursday it will change from United Continental Holdings Inc. to United Airlines Holdings Inc. beginning Friday. The new name drops all reference to Continental Airlines, one half of the […]