Alibaba’s logistics arm Cainiao has installed lockers in Brazil for local customers to retrieve packages. Cainiao BEIJING — Alibaba’s logistics arm Cainiao announced Monday the opening of its Latin American headquarters in Sao Paulo, Brazil. The expansion comes as China’s retail growth slows — Alibaba, for the first time, didn’t release total sales for its
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In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than
In 2008, the national anthems of both North Korea and the United States resonated throughout the East Pyongyang Grand Theatre — echoing hopes of a thawing relationship between the countries. The curtains have since long closed on these hopes. The historic concert, performed by the New York Philharmonic is one of Mark Edward Harris’ favorite
Tom Williams | CQ-Roll Call, Inc. | Getty Images The quant trading firm Sam Bankman-Fried founded was able to quietly use customer funds from his exchange FTX in a way that flew under the radar of investors, employees and auditors in the process, according to a source. The way they did it was by using
Jbyard | Istock | Getty Images When President Joe Biden announced over the summer a sweeping plan to forgive student debt, millions of Americans celebrated the fact their financial situation looked like it would soon improve. But now the Biden administration finds itself unable to start delivering its relief because of a court-ordered stay of
Marvel Studios’ “Black Panther: Wakanda Forever.” Disney Disney and Marvel Studios’ “Black Panther: Wakanda Forever” snared an estimated $180 million during its domestic debut, earning it the record for the biggest opener in the month of November and the second-highest opener of 2022. The long-awaited sequel to the 2018 smash hit “Black Panther” generated strong
Some kids make extra cash running lemonade stands. A 12-year-old Mark Cuban sold trash bags door-to-door. The billionaire serial entrepreneur and Dallas Mavericks owner recently told GQ magazine that a family friend gave him the opportunity, marking his first-ever sales job. The friend sold Cuban boxes of trash bags for $3, so Cuban could turn
In this article .SPX Follow your favorite stocksCREATE FREE ACCOUNT This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy
In this article AAPL ORLY CARS VECO SBUX Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Andrew Kelly | Reuters The fall rally seems to have regained its strength this past week. A
ronnachaipark | iStock | Getty Images Health-care expenses can often be unpredictable and unwelcome. However, depending on your situation, there may be strategies you can employ that make those outlays a bit less financially painful. Because some of them involve taxes, experts say they shouldn’t be viewed in a vacuum. In other words, you may
Your tax return evolves with your career and financial situation — so what does tax filing look like for student-athletes earning (or not earning) NIL after graduation? Let’s look at a few scenarios to help you know what to expect once you graduate. Earning NIL after college Profiting from your name, image, and likeness (NIL)
Winter is on the way, and in war-torn Ukraine the fight against Russia appears far from over. Moscow continues to target Ukrainian power plants and stations. Grain shipments out of Ukraine have been interrupted since Russia paused participation in a United Nations-brokered agreement that allowed a corridor in the Black Sea for cargo ships to
A shopper checks a carton of eggs at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Which (price change) came first, the chicken or the egg? Grocery prices are increasing at their fastest pace in decades — none more so than eggs. Yet chicken prices fell
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus
Srdjanpav | E+ | Getty Images Layoffs at tech giants Twitter and Meta this week have affected thousands — and they’re just the latest examples in a downsizing trend that was already taking place across the industry. The news has put a spotlight on what rights employees have in mass layoff situations. While the laws
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images The fitness industry appears headed for a strong holiday season, but not everyone will see a boost. The category has been on a rollercoaster for more than two years, with the Covid pandemic
Skynesher | E+ | Getty Images Company: Splunk (SPLK) Business: Splunk is a leading provider of application software that collects and analyzes data from digital systems to help organizations identify security threats and monitor IT infrastructure. The company can take significant amounts of unstructured data from various systems and come up with insights that help
Even with college application season in full swing, many families are questioning whether a four-year degree is still worth it. Some experts say the value of a bachelor’s degree is fading and more emphasis should be directed toward career training. A growing number of companies, including many in tech, are also dropping degree requirements for
College athletes scored a win in 2021 when the NCAA changed its policy, granting student-athletes the right to profit from their name, image, and likeness (NIL). But can you still be claimed as a dependent if you earn NIL compensation? We’ve gathered some basic questions about NIL and how it could affect your taxes and