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(Bloomberg) -- Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a scorching start, logging more than 114 billion yuan ($16.3 billion) of purchases in less than 90 minutes, the equivalent of more than half of last year’s record haul for the 24-hour event.An estimated half-billion shoppers from China to Russia and Argentina are expected to swarm the e-commerce giant’s sites to scoop up everything from iPhones and refrigerators to cashew nuts. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to try and pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest company, a 24-hour marathon that’s part showcase of commercialism and part publicity blitz. Also referred to as “Double 11” because it falls on Nov. 11, it will be closely watched by investors keen to...
Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year. Some 53 billion barrels would be added to Iran's proven reserves of roughly 150 billion, he said....
Welcome to Money Diaries, where we’re tackling what might be the last taboo facing modern working women: money. We’re asking millennials how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.Today: a senior paid social manager working in advertising who spends some of her money this week on Asics sneakers.Occupation: Senior Paid Social Manager Industry: Advertising Age: 25 Location: New York, NY Salary: $111,524 (including $10,000 annual bonus) Paycheck Amount (2x/month): $2,408.53 (after taxes, benefits, 401(k) contribution) Gender Identity: WomanMonthly Expenses Rent: $1,500 (my half of a two-bedroom in upper Manhattan with a friend from college) Student Loans: $313 ($21,000 left out of $30,000) Electric: $20-$40 depending on season (my half) Internet: $37.50 (my half) Gym membership: $53 Spotify Premium: $9.99 Netflix: $0 (thank you mom and dad) Phone: $0 (thank you mom and dad) Monthly Unlimited NYC Metrocard: $0 (covered by employer) 401(k):...
Q3 2019 22nd Century Group Inc Earnings Call...
Maran Capital Management LLC released its Q3 2019 Investor Letter – a copy of which can be downloaded here. The hedge fund had a disappointing third quarter, losing 4.3% net of all fees and expenses, bringing the year to date return to a positive 14.0% net. The top five positions of Maran Capital remain Clarus Corp (NASDAQ: CLAR), RCM […]...
(Bloomberg) -- Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a strong start, logging 61 billion yuan ($8.7 billion) of purchases within the first 20 minutes.An estimated half-billion shoppers from China to Russia and Argentina are expected to swarm the e-commerce giant’s sites to scoop up everything from iPhones and refrigerators to cashew nuts. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to try and pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest company, a 24-hour marathon that’s part showcase of commercialism and part publicity blitz. Also referred to as “Double 11” because it falls on Nov. 11, it will be closely watched by investors keen to gauge how willing Chinese consumers are to spend as economic growth threatens to slip below 6%.Tensions between...
(Bloomberg) -- Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a strong start, logging 61 billion yuan ($8.7 billion) of purchases within the first 20 minutes.An estimated half-billion shoppers from China to Russia and Argentina are expected to swarm the e-commerce giant’s sites to scoop up everything from iPhones and refrigerators to cashew nuts. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to try and pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest company, a 24-hour marathon that’s part showcase of commercialism and part publicity blitz. Also referred to as “Double 11” because it falls on Nov. 11, it will be closely watched by investors keen to gauge how willing Chinese consumers are to spend as economic growth threatens to slip below 6%.Tensions between...
