Hong Kong’s Hang Seng leads gains in Asia; Alibaba shares soar

SINGAPORE — Shares in Asia-Pacific rose on Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. In Friday morning trade, shares of Alibaba in Hong Kong surged 12.08% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding … Read more

Ulta, Gap, Dell and more

Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2,346 … Read more

Stock futures are little changed with S&P 500 on track for winning week

Stock futures were little changed in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. Futures on the Dow Jones Industrial Average shed about 40 points. S&P 500 futures and Nasdaq 100 futures were near flat. Retail corporate earnings continued after the market closed Thursday. Ulta Beauty shares rallied more than … Read more

Workday Announces Fiscal 2023 First Quarter Financial Results

Fiscal First Quarter Total Revenues of $1.43 Billion, Up 22.1% Year Over Year Subscription Revenues of $1.27 Billion, Up 23.2% Year Over Year 24-Month Subscription Revenue Backlog of $7.97 Billion, Up 20.9% Year Over Year Total Subscription Revenue Backlog of $12.65 Billion, Up 25.5% Year Over Year PLEASANTON, Calif., May 26, 2022 /PRNewswire/ — Workday, … Read more

Fintechs fail to make a dent in Mexico as cash remains king

Mexican peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico November 10, 2017. Picture taken November 10, 2017. REUTERS/Jose Luis Gonzalez Register now for FREE unlimited access to Reuters.com register MEXICO CITY, May 26 (Reuters) – Financial inclusion levels in Mexico have worsened since 2018, official statistics show, despite a burst … Read more

Here’s Who Is Buying The Stock Market Dip, According To Survey

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The market volatility and record-high inflation we’ve seen this year is sending investors in different directions. … Read more

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks — who built one of the most successful distressed-debt funds in … Read more

How Costco Stock Looks Headed In Q3 Earnings (And How To Play It After)

Costco Wholesale Corporation COST was soaring over 5% heading into its third-quarter financial results, set to print after the market closes on Thursday. When the membership-only big-box retailer printed its second-quarter results on March 3, the stock slid over 3% the following trading day to print a higher low and then continued north to reach … Read more