Global Market

Global Market

Alibaba Proposes To Split Company Into 6 Business Groups, Shares Rally By 9%

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According to Reuters, Alibaba Group said on Tuesday that it would split into six units and consider raising money or going public for the majority of them. This massive restructuring comes as China promises to soften a broad regulatory crackdown and boost its private enterprises. Alibaba’s U.S.-listed shares increased up to 8% following the information. […]

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US Fed Raises Interest Rates Once Again, Dow Drops 500 Points, and Asia Opens Down

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The benchmark federal funds rate was once again increased by the US Federal Reserve by 25 basis points, as was widely expected. The Fed also said that the rate increases may be coming to an end and that there may only be one more increase of 25 basis points maximum. The Dow Jones Industrial Average

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After Janet Yellen’s assurances regarding bank deposits, US stocks end higher

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After a choppy day of trading on Thursday, US stocks ended higher as US Treasury Secretary Janet Yellen gave investors assurances that efforts will be done to safeguard bank accounts. At 3,948.09, the S&P 500 increased by 0.28%. At 32,096.19, the Dow Jones Industrial Average rose 0.21%. At 11,786.81, the Nasdaq Composite increased by 1.00%.

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World Markets Rise As Bank Crisis Eases, With Bitcoin Reaching $28,000

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The Dow Jones led a sharp climb in the world markets last day, adding 380 points, while the S&P 500 rose 0.9%. The rise occurred the day after UBS acquired Credit Suisse, raising the possibility that the global financial crisis may be abating. News that JP Morgan would counsel troubled First Republic Bank on strategic

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