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
Grammarly Wants to Expand Its AI From the Classroom to the Office
Grammarly Inc., a software company known for its writing assistant, is trying to expand its business to the
2023-05-18 21:57
Nasdaq 100’s Big Recovery Faces a Key Tipping Point
Eighteen months since the start of a near year-long selloff, the Nasdaq 100 Index has recovered half the
2023-05-18 21:55
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
Brokerage Charles Schwab joins corporate debt rush with $2.5 billion offering
(Reuters) -Charles Schwab Corp is looking to raise up to $2.5 billion through a debt offering, the brokerage said on
2023-05-18 21:52
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
Chile’s Economy Bounces Back, Driven by Service Industries
Chile’s economy picked up at the start of the year, growing at the fastest pace since the end
2023-05-18 21:47
Accenture Invests in SpiderOak to Elevate Satellite Communications Security in Space
NEW YORK--(BUSINESS WIRE)--May 18, 2023--
2023-05-18 21:29
Chick-fil-A's first-ever restaurant is closing
Chick-fil-A's first-ever restaurant is closing after more than a half-century in business.
2023-05-18 21:28
Fed's Jefferson: Inflation "too high," but impact of high rates not full felt yet
By Howard Schneider WASHINGTON Federal Reserve Governor and vice chair nominee Philip Jefferson said progress on inflation may
2023-05-18 21:24