Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth
2023-05-18 22:29
RSV vaccine for pregnant women protects their newborns but is it ready for US sale?
Federal health advisers are debating a first-of-its-kind RSV vaccine to protect newborns by immunizing their moms late in pregnancy
2023-05-18 22:18
Japan, Britain strike 'historic accord' on cooperation in defense, clean energy, semiconductors
Japan and Britain have struck what they are calling a historic accord on cooperation in defense, clean energy and semiconductors
2023-05-18 21:59
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off
2023-05-18 21:53
Persistently high inflation is causing a split among Federal Reserve officials over next steps
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022
2023-05-18 21:48
UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI
U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence
2023-05-18 21:23
Pick a college bank account as carefully as your college
Your college bank account should have the right set of features for you and minimal fees
2023-05-18 21:16
Fewer Americans apply for jobless benefits, labor market still showing strength
Fewer Americans applied for jobless benefits last week following a spike the previous week that some saw as a sign that higher interest rates were finally hobbling the labor market
2023-05-18 20:53
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment
2023-05-18 20:27
Why a Fed rate-hike pause may not be as great for stocks as Wall Street hopes
To Wall Street's relief, the end appears in sight for the Federal Reserve's sharp hikes to interest rates
2023-05-18 20:17
Ford recalls SUVs, some for a second time, to fix rear camera display
Ford is recalling over 422,000 SUVs in the U.S. because the image from the rear camera may not be displayed
2023-05-18 19:55
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 19:28