For the big internet companies that make their living from selling advertising, these are troubled times. As happens in any kind of economic slowdown, businesses cut ad spending quickly. For Amazon.com Inc, though, whose e-commerce business is getting hammered, advertising is proving to be a bright spot. Well, relatively speaking. Just as it did for Amazon’s rivals in digital advertising, ...

  Jack Ma may be blunt — his harsh criticism of China’s state-dominated banking system cost him a $34 billion blockbuster initial public offering in 2020. But he is not stupid. The billionaire plans to cede control of Ant Group Co, a fintech affiliate of his e-commerce giant Alibaba Group Holding Ltd, the Wall Street Journal reported. He currently controls ...

  After the most recent US inflation report again exceeded expectations, with prices surging 9.1% in the year to June, investors have been wondering whether the Federal Reserve would accelerate its monetary tightening for a second time — raising its policy rate not by the previously indicated 75 basis points, but by a full percentage point. Expectations seem to have ...