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Alibaba to sell $4.5 billion in convertible debt to fund stock buybacks

Alibaba’s stock fell Thursday, after the China-based ecommerce giant said it planned to sell $4.5 billion worth of debt that can be converted into cash for stock.

Thu May 23, 2024 17:26
New-home sales dip as builders feel the toll of higher mortgage rates

New home sales at 634,000 annual rate in April, versus 665,000 in prior month.

Thu May 23, 2024 17:26
‘I have a modest Roth IRA that hasn’t performed well’: My wife and I have $15,000 to invest. What do you suggest?

“We satisfied with our older Toyota and Honda for now.”

Thu May 23, 2024 17:26
Is the stock market open on Memorial Day? Does the post office deliver mail?

It will be a busy holiday weekend, with some 43.8 million Americans hitting the road, according to AAA.

Thu May 23, 2024 17:26
Economy speeds up, S&P finds, but inflation is still a sore spot

The U.S. economy gained speed in May, a pair of S&P surveys found, and businesses were optimistic about future growth even as high inflation persisted.

Thu May 23, 2024 17:26
Nvidia now worth more than all German stocks put together

Nvidia’s standout first-quarter results now has the chipmaker worth more than all listed German companies put together.

Thu May 23, 2024 17:26

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