Finance

Alibaba’s logistics arm Cainiao has installed lockers in Brazil for local customers to retrieve packages. Cainiao BEIJING — Alibaba’s logistics arm Cainiao announced Monday the opening of its Latin American headquarters in Sao Paulo, Brazil. The expansion comes as China’s retail growth slows — Alibaba, for the first time, didn’t …

This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy ETF, which is up 24% …

Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hold. Following a recent meeting with management, the firm said it is increasingly confident in Walgreens’ strategy to transition …

Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of the strong U.S. dollar and China’s Covid-19 restrictions. Tapestry slid …

Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Take-Two has been impacted by weaker mobile and in-game sales, although CEO Strauss Zelnick said the situation …

Take a look at some of the biggest movers in the premarket: BioNTech (BNTX) – The drugmaker’s shares slid 3.4% in the premarket despite reporting better-than-expected quarterly profit and revenue. Results were down sharply from a year ago, with both profit and revenue off more than 40% from 2021’s third …

Jenny Just, co-founder of Peak6 Investments, made a fortune in the high-risk world of options trading, and did so against the odds in a male-dominated industry. Not much has changed. Just says when she was on the Chicago Board Options Exchange floor in the early 90s she was one of …

Halfpoint Images | Moment | Getty Images It’s open enrollment season, the time each year when millions of American workers and retirees must choose a health plan, whether new or existing. But picking health insurance can be a dizzying venture. Health plans have many moving parts — which may not …

Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be as aggressive as they’ve been this year. Regional president Thomas Barkin of Richmond and Susan Collins separately said that the Fed is moving into a …

Check out the companies making headlines before the bell: DraftKings (DKNG) – DraftKings fell 12.5% in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned a prolonged economic downturn could impact spending by …