According to a press release from the firm, the net profit of the largest Chinese Internet company, Alibaba Group Holding, for the first half of fiscal year 2022–2023 (ending September 30) decreased by more than 20 times in annual terms to $ 306 million. Comparatively, diluted earnings per share decreased from 2.3 yuan ($0.36) to 0.1 yuan ($0.01) last year. In the meantime, total income for the...

Walmart, a retail chain and the biggest retailer in the world, reported third-quarter total revenues of $152.8 billion, an 8.7% increase over the same period last year. Comparable sales at Walmart's U.S. locations alone increased by 8.2%, above analysts' expectations of growth of only 3.5%. Walmart's overseas sales reached $25.3 billion, a 7.1% increase from the prior year. The third quarter...

Tencent Holdings announced on Wednesday that it would pay a dividend on its $20.3 billion investment in the food delivery company Meituan. In response to the slowing Chinese economy and regulatory changes, Tencent also revealed its second straight quarter of declining sales. 958.12 million Meituan shares, or around 90.9% of the Class B common shares it owns in Meituan, would be transferred,...

Berkshire Hathaway company of billionaire Warren Buffett purchased a share in TSMC, the largest chipmaker in the world, for an estimated $5 billion. According to papers filed by the investment firm with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway, which is owned by billionaire Warren Buffett, purchased 60 million American depositary receipts of chipmaker Taiwan...

According to a statement released by the U.S. military on Monday, the U.S. Army has signed various contracts totaling roughly $520 million with the military-industrial complex Lockheed Martin to replace the multiple-launch rocket systems that were given to Ukraine. The contracts, according to the declaration, were signed on October 21 and November 2. U.S. Under Secretary of Defense for...

The Bahamas Securities Commission has placed a freeze on the property of FTX Digital Markets, the company that runs the FTX bitcoin exchange. The decision was made in order to stabilize the exchange during a liquidity crisis and preserve assets. "The Commission is aware of statements made in the media alleging improper use, management, or transfer of customer assets to Alameda Research. Any such...

According to trading and media estimates, Apple Corp. grew in value by $190.9 billion, or 8.9%, during Thursday's trading, setting a record for American corporations. At the close of trading on Thursday, the price of the company's shares increased by 8.9% to $146.87. Thus, Apple had a $2.336 trillion market capitalization. Bloomberg reported that "softer-than-expected inflation figures lifted...

German energy company RWE AG, said in its financial records that its net profit fell by 25% to €2.1 billion in the first nine months of 2022 and plunged 72 times in yearly terms in the third quarter. Net profits for the company's third quarter decreased by 72 times to €19 million. In contrast to €2.03 a year earlier, earnings per share were only €0.03. Revenue shot up 2.2 times, totaling €10.744...

According to sources cited by the Wall Street Journal, Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer in the world, plans to construct a new $12 billion semiconductor plant in Arizona (USA). "Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, is contemplating another multibillion-dollar investment in a plant in Arizona," notes...