US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year

US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year

The US stock market indices ended higher on Friday with the S&P registering its highest close of the year on Friday, as remarks from US Federal Reserve Chair Jerome Powell bolstered the view that key policy rates have peaked. All three major US stock indexes gained, notching their fifth consecutive weekly percentage gains. The Dow … Read more

R|T: The Retail Times – Shein’s revenue surpasses Zara, Alibaba is worth about half of Tencent

R|T: The Retail Times – Shein’s revenue surpasses Zara, Alibaba is worth about half of Tencent

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using this form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week! Q3 2023 marked a three-year low for venture deal volume in … Read more

China’s tech giants take center stage at Asian games after prolonged crackdown: Report

China’s tech giants take center stage at Asian games after prolonged crackdown: Report

Alibaba, a prominent Chinese tech company, had been subject to control by the ruling Communist Party. However, the Asian Games taking place in Alibaba’s hometown are presenting a valuable opportunity. As reported by AFP, established by Jack Ma nearly 25 years ago in Hangzhou, Alibaba is crucial for the Games as it operates the event’s … Read more