Shares of Alibaba Group Holding Ltd. closed up 1.8% Thursday after the Chinese e-commerce company topped expectations with its latest financials and indicated that business trends improved as the June quarter wore on. The company posted net income of RMB22.7 billion ($3.4 billion), or RMB8.51 per American depositary share, compared with RMB45.1 billion, or RMB16.38 … Read more
Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3.165% higher over the past seven days. The HKD stock, -28.77% pulled back 16.6% in very volatile midday trading Wednesday — it has already been halted nine times for volatility — putting it on … Read more
One of the biggest supply-chain challenges we face today is getting more semiconductors, which are essential to products like automobiles, computers, solar panels and weapons systems. Despite this challenge, it has been almost two years since Congress first passed the CHIPS Act—by wide bipartisan margins. Now, it is time to get this essential legislation over … Read more