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Rising oil is still the big market risk despite today's pullback, analysts say
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Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World
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Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.CNBC - Business -
AMC completes $250 million stock sale during meme rally, shares jump 90%
On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.CNBC - Business -
Comcast offers subscribers Peacock, Netflix and Apple TV+ bundle
The announcement comes as major media players, like Disney and Warner Bros. Discovery, increasingly join forces to boost subscriptions for streaming services.CNBC - Business - Netflix -
Fat Brands confidentially files to IPO Twin Peaks, Smokey Bones brands days after federal indictment
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.CNBC - Business -
People on Novo Nordisk's Wegovy maintain weight loss for up to four years, study says
The results shed light on the long-term effects of Wegovy, and could boost Novo Nordisk's case to insurers and governments to cover the costly drug.CNBC - Business