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Pros and Cons of Buying Alibaba Stock
Markets stumble as trade fears dog investors
Stock markets falter, Turkish lira firms
Stock markets mostly fell on Wednesday, with commodities-linked assets hit by dollar strength, while the Turkish lira recovered further. The lira is in recovery mode after tumbling Monday to fresh record lows versus the dollar and euro. Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for […]
Pros and Cons of Buying Alibaba Stock
Analysts are calling e-retailer Alibaba Group Holding Ltd (NYSE: BABA) the “Amazon of China” and for good reason, as the company seems to have opened the throttle financially in recent months and revenues are pouring in. The online-only retailer, founded in 1999, first traded publicly traded in the U.S. in 2014. Alibaba’s initial public offering was the largest […]
Markets stumble as trade fears dog investors
A global markets rally faltered on Wednesday as the ongoing US-China trade row eroded investor sentiment, dealers said. Wall Street stocks retreated at the opening bell, with the Dow slipping less than a tenth of a percent. In Europe, Frankfurt and Paris stocks drifted downwards but London’s benchmark FTSE 100 index carved out a gain […]