Amazon And Walmart Slug It Out For Retail Supremacy As Pandemic Boosts Sales For Both Giants forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
A Peek Into The Markets: US Stock Futures Down Following Wednesday s Sell-Off Benzinga 2 hrs ago
Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Dow Jones dipped over 680 points in the previous session amid rising inflationary pressures. Investors are awaiting earnings results from Alibaba Group Holding Ltd – ADR (NYSE: BABA), Walt Disney Co (NYSE: DIS) and Coinbase Global Inc (NASDAQ: COIN).
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Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are likely to decline to 475,000 for the May 8 week from 498,000 in the previous week. The Producer Price Index for April is scheduled for release at 8:30 a.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 10:00 a.m. ET, while Fed Governor Christopher Waller will speak at 1:00 p.m. ET. Federal Reserve Bank of St. Louis President James Bullard is set to speak at 4:00 p.m. ET.
Market movers: Stocks seeing action on Thursday - and why theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones By Matt Grossman Alibaba Group Holding Ltd. on Thursday logged revenue growth in the latest quarter as its user base expanded, but a large fine imposed by the Chinese government under an anti-monopoly law led to a quarterly net loss. The Chinese e-commerce giant posted a net loss of CNY1.99 per American depository share, or about 30 U.S. cents per ADS, compared with earnings of CNY1.16 per ADS in the year-ago quarter. The total net loss attributable to ordinary shareholders was CNY5.48 billion, or about $836 million, compared with net income of CNY3.16 billion a year earlier.