Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by Alibaba said it witnessed accelerating growth during the event. Southeast Asia is at the “beginning of the journey” and still witnessing “accelerating
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Screenshot | Microsoft live stream Adobe CEO Shantanu Narayen, Microsoft CEO Satya Nadella and SAP CEO Bill McDermott announce the Open Data Initiative at Microsoft’s 2018 Ignite conference in Orlando, Florida. Legacy tech companies have been scooping up smaller cloud and software providers in massive deals throughout 2018. The consolidation comes as older enterprise tech
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Daniel Roland | AFP | Getty Images Bill McDermott, CEO of German software giant SAP, addresses the media during the company’s annual financial statement at it’s headquarters in Walldorf near Heidelberg, southern Germany, on January 24, 2017.  SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
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The potential 16-digit credit card combinations provide far more account numbers than could ever be used, according to Cris Poor, a mathematics professor at Fordham University. Poor says the 16-digit card numbers have 10 quadrillion possibilities. By comparison, the world population is a mere 6 billion. “So each person in the world could have more
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Square Inc.: “I’ve going to give you the two Squares. There’s the Square from the point of view of the businessperson, and they are spending a lot of money to be able to win in the arms race. And then there’s the Square from the point of view of the stock, and people say they’re
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Walmart: Cramer awaited another great quarter from Walmart, which he said could be bolstered by online sales. He’ll be listening for two things on the company’s post-earnings conference call: tariff talk, as China is a major source of Walmart’s merchandise, and comments on the state of the U.S. economy. Applied Materials: Semiconductor equipment maker Applied
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Then-Goldman Sachs CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier later accused of plundering billions of dollars from his country’s investment fund, according to a person with knowledge of the situation. Blankfein, who retired as CEO last month, is the unidentified Goldman executive who attended the 2009 meeting in New York referenced
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“While current U.S. growth remains above‐trend, helped by fiscal stimulus, this positive impulse is peaking now, and will combine with an increasing drag from tightening financial conditions,” Loeb said in a letter dated Friday. “We have delevered our portfolio, reduced our tech exposure meaningfully, and grown our short book. We expect to be net sellers
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Cory Disbrow | Getty Images The Main Street Philharmonic entertains guests at the Magic Kingdom, Walt Disney World, Florida. Disney’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. Shares jumped nearly 3 percent in early trading Friday, adding to their
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