Alibaba surges and Amazon beats Walmart

Chinese Tech Titan Alibaba started jumping 239% year-on-year in the last quarter of 2024. CEO Eddie Wu said that the shiny results for the company’s cloud business and its triple-contingles in Artificial Intelligence for the last six quarters.

Amazon’s quarterly revenue crossed Walmart for the first time in the end of 2024. The company’s retail unit is its largest moneymaker, but the revenue is also fuel by its cloud computing services. Walmart, however, is still expected to be the world’s largest annual revenue generator.

Markets retreat from records
The US market fell on Thursday. S&P 500 It was 0.43%below, retreated from recent heights and thus put it in red for the week so far. Dow jones industrial average 1.01% and lost Nasdac Composite Deall 0.47%. Pan-european Stoxx 600 The index fell 0.2%. However, shares of Schneider electric The French Energy Management Firm defeated the market expectations 3% more after giving record annual sales and profits reported.

Continuous inflation in Japan
In January, Japan’s inflation rate increased to 4%year -on -year, hitting its highest level since January 2023. Core inflation – except for fresh food prices – increased to 3.2%, by defeating 3.1%expectations of economists, according to a Reuters Poll. This figure was the highest since June 2023. Headline inflation remains above the 2% target of Bank of Japan for 34 straight months.

Alibaba shared a pop on cloud growth
US-Listed Share Alibaba On Thursday, 8.1% reported after the Chinese Tech veteran, reported net income of 48.945 billion yuan ($ 6.72 billion) in the December quarter, a year ago, the same period was defeated by the LSEG of 40.6 billion Yuan and jumped 239%. . Alibaba’s top line was also better than expected, with an increase in sales in its Cloud Intelligence Group during the quarter. separately, Gamestop Wall Street Journal said on Thursday that CEO Ryan Cohen raised its personal stake in Alibaba to about $ 1 billion.

Amazon’s quarterly revenue defeats Walmart
Amazon has separated Walmart in quarterly revenue for the first time. Heroic Earlier this month, it was said that it was brought in revenue of $ 187.8 billion during the fourth quarter – above $ 180.5 billion reported by Wal-mart On Thursday. Since 2012, Walmart has achieved the distinction of being the top revenue generator in every quarter, a title that it received after the oil veteran Axon Mobil.

Tames private
According to a person familiar with the case, private equity investor KKR is offering about $ 4 billion ($ 5 billion) for the UK’s struggling Tems Water Utility. The water utility firm has been unhappy with ballooning debt and warned that it will run out of cash till 24 March. KKR’s participation will include £ 4 billion management-Kharid submission, resulting in a breakup of the sale or utility of assets. The source said.

(Pro) An engine for expensive S&P: Bank of America
S&P 500 is currently more expensive than average, based on 19 of the 20 indicators tracked by one. Bank of America According to a strategist of the team, a bank. However, there is a factor that can push the market more, standing to achieve these shares the most.

Moscow hated America for years because its economy paid a high price for war-now, it is doing a U-turn

Since invading Ukraine three years ago, Russia has spent a significant amount of energy that fulfills America and discredit the country. But the arrival of a friendly administration under US President Donald Trump, which ran away running to end the struggle in Ukraine – as well as a way from the economic and geopolitical cold – indicate the softness of the adverse trend of the Kremlin – the adverse trend of the Kremlin. Are you

Tension between Trump and Ukraine President Volodmi Zelanski spread to open sharpness on Wednesday, Trump called Zelanceci a “dictator”, Putin praised Trump, which is described as “hysteria” by European leaders. . Negotiations on the future of Ukraine.