Alibaba (NYSE:BABA) (OTCPK:BABAF) stock has failed to show a strong bullish momentum over the last few quarters. Despite the rock-bottom valuation, the stock has failed to impress Wall Street. The recent quarterly earnings show a possible silver lining which can turn the sentiment toward the stock. In the recent quarter, Alibaba reported 45% YoY revenue growth in its International Digital Commerce Group. The revenue increased from RMB 18.9 billion in the year-ago quarter to RMB…

Owners of nearly 84,000 older Nissan vehicles in the United States equipped with recalled, unrepaired Takata air bags should immediately stop driving them due to a safety hazard, the US National Highway Traffic Safety Administration said on Wednesday. The agency made its announcement after the Japanese automaker issued a warning on Wednesday telling vehicle owners not to drive certain vehicles – the 2002-2006 model year Nissan Sentra, 2002-2004 Nissan Pathfinder and 2002-2003 Infiniti QX4 – that were recalled in 2020 but have not been fixed. “If you have one of these vehicles, do not…

A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday.The DOJ arrested 35-year-old YunHe Wang, a Chinese national who was charged with creating the “botnet,” a kind of malware that connects a network of hacked devices, which criminals can then use remotely to launch cyberattacks.Federal Bureau of Investigation Director…

Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April 30, missing the $9.18 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $2.44 rose 44% on an annual basis…

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q1 2024 Results Conference Call May 29, 2024 4:30 PM ET Company Participants G.J. Hart – President and Chief Executive OfficerTodd Wilson – Chief Financial Officer Conference Call Participants Mark Smith – Lake Street CapitalAlex Slagle – JefferiesAndrew Wolf – CL KingCJ Dipollino – Craig-Hallum Capital GroupTodd Brooks – The Benchmark Company Operator Good afternoon, everyone and welcome to the Red Robin Gourmet Burgers Incorporated First Quarter 2024 Earnings…

Entrepreneur Entrepreneurs are often looking for ways to keep their creativity flowing. Sometimes, the best way to get new ideas is to indulge in some self-care by binge-watching Netflix.Related: 7 Movies on Netflix All Entrepreneurs Should WatchIf you pick the right shows, you’ll not only find some much-needed escapism; you might also get a boost of inspiration to help you see things from a different perspective. So, if you’re an entrepreneur looking for relaxation and…

Last updated: May 29, 2024 17:28 EDT | 2 min read Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.The proposal, offering US$2.30 per Bitfarms common share in cash and Riot common stock, was evaluated by a Special Committee of the Bitfarms Board, consisting solely of independent directors.Bitfarms Special Committee’s EvaluationBitcoin mining firm Bitfarms explained its decision to reject…

A labor union representing tens of thousands of workers at Samsung Electronics in South Korea has called a one-day strike next week, in what would be the first such walkout at the smartphone and chipmaking giant. The Nationwide Samsung Electronics Union (NSEU) said on Wednesday during a press conference streamed on its official Youtube channel that its 28,000 members — just under a quarter of the company’s total workforce in the country — would strike…

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Check out the companies making headlines in extended trading:Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings of $2.44 per share beat a consensus estimate of $2.38, but current-quarter guidance fell below estimates on both top and bottom lines. UiPath — The software company tanked 30% after saying its CEO Rob Enslin will resign, effective June 1. He will also be stepping down from the board of directors. Daniel Dines, former CEO of UiPath and current chief innovation officer, will return to the helm.HP Inc. — The manufacturer of…

In an effort to fix administrative issues that resulted in student loan borrowers not qualifying for forgiveness, the Biden administration announced an extended consolidation deadline for borrowers with certain loans. Student loan borrowers have been dealing with errors that inaccurately counted their student loan payments toward forgiveness programs like income-driven…

Last updated: May 29, 2024 14:56 EDT | 2 min read Iggy Azalea’s MOTHER token is facing claims of insider activity following the debut of alleged scammer Sahil Arora’s IGGY cryptocurrency, DeFi supply auditing company Bubblemaps revealed on May 29.According to Bubblemaps, insiders reportedly bought 20% of MOTHER’s supply before…

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Salesforce shares plummeted 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations.Here’s how the company did, compared with the LSEG consensus:Earnings: $2.44 per share, adjusted, vs. $2.38 per share expectedRevenue: $9.13 billion, vs. $9.17 billion expectedSalesforce called for adjusted earnings per share in the current quarter of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Analysts surveyed by LSEG…

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. While revenue came in slightly below estimates, it was 6% higher than the year ago period and marked a new record for the company, it said in a news release. Shares fell about 5% in extended trading on Wednesday.Here’s how the apparel company…

I have been covering Altimmune (NASDAQ:ALT) since 2018 when the company was pushing to get their NasoVax flu vaccine through the FDA along with a few more pipeline programs, including an anthrax vaccine and a hepatitis B therapeutic. During the pandemic, Altimmune worked to develop a COVID-19 vaccine and therapeutic, but like the other programs… they failed to hit the marks needed to get onto the market. Now, the company’s singular pipeline prospect is pemvidutide,…

Entrepreneur Over the past few years, small business owners have been resilient in the face of change, overcoming a variety of obstacles in the business environment. Despite the challenges of today’s economic landscape, it remains clear the reason why small business owners continue to be confident in their revenue and business outlook.Small businesses have the unique ability to create personalized experiences for their customers by getting creative with their outreach and customer engagement techniques, setting…

Entrepreneur Earlier this year, I attended a national marketing conference, where a bevy of speakers discussed methods for more effectively connecting, engaging and communicating with customers. While all of their presentations were informative, there was a singular, consistent theme throughout — it was all about us.”Us” as companies, “us” as marketers, “us” as employees, with the challenge of satisfying the needs of our organization.The true needs and perspectives of the customer weren’t part of the…

A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines when they were removed from a flight. The suit alleges that the plaintiffs – Alvin Jackson, Emmanuel Jean Joseph and Xavier Veal – and five other Black male passengers were ejected from American Flight 832 from Phoenix to JFK in New York City on January 5, 2024, “without any valid reason, based solely on their race,”…

The Singapore Airlines flight that encountered severe turbulence on its way from London to Singapore dropped 54 meters (178 feet) in less than five seconds, preliminary findings released Wednesday showed.The Transport Safety Investigation Bureau of Singapore said the sharp altitude drop as well as changes to gravitational forces likely caused the injuries. One person died of a suspected heart attack, and many of the 211 passengers and 18 crew members onboard were injured in the…

Mental strength is the ability to productively regulate your emotions, thoughts and behaviors, even in challenging circumstances. It’s how you manage internally, so you can operate better externally. Most of us intuitively understand that to be successful at work and in life, you need to self-regulate. But it’s hard to do in practice. I’ve spent 30 years studying what makes people, and especially leaders, mentally strong. As part of my research, I’ve developed a Mental Strength Self-Assessment…

A person has been killed Wednesday at Amsterdam’s Schiphol Airport after ending up inside the running engine of a KLM Royal Dutch Airlines plane, officials say.  The incident happened as KLM Flight 1341 – an Embraer ERJ-190 jet – was preparing to depart for Billund, a town in Denmark. “A fatal incident took place at Schiphol today during which a person ended up in a running aircraft engine. Sadly, this person has died,” KLM Royal Dutch…

Intro We wrote about Kforce Inc. (NYSE:KFRC) in February of this year when we were bullish on the technology segment of the professional staffing services company. It is a given that company-related technology spending will continue to increase as the information age continues to gain traction. This dynamic gives Kforce a solid foundation due to its long-term relationships with its clients, as well as its ability to charge top-dollar for its technology-related solutions. Shares over…

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