Shares of Alibaba Group Holding Limited (BABA) are down more than 10% in the morning trade on Thursday following fourth quarter results, that came in below analysts' view. Net income in the fourth quarter declined to RMB3.377 million or $524 million compared with RMB26.524 billion a year ago. Earnings per share were RMB0.25 or $0.04 compared with RMB1.31 last year.Excluding one-time items, earning...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.