To The Moon

Amid China's dynamic socio-economic changes, Alibaba stands at a significant crossroads, with foreign investor skepticism putting pressure on Chinese tech stocks.Anticipation builds as rumors suggest

"We're in a position to proceed carefully" in assessing whether additional policy firming will be needed, Federal Reserve Chair Jerome Powell said at his post-monetary decision press conference. The central bank kept rates unchanged for the second time this year, but the Federal Open Market Committee members indicated rates will stay higher for longer in their summary of economic projections. The economy has expanded at a solid pace, he said. And while the labor market has eased somewhat, labor demand still exceeds worker supply, he said. Inflation has moderated since the middle of last year and inflation expectations remain "well-anchored." Still, getting inflation down to the Fed's goal of 2% "has a long way to go." Developing... check back for updates.

Amazon.com used an algorithm code-named "Project Nessie" to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the Federal Trade Commission's monopoly lawsuit against the company.The algorithm helped Amazon improve its profit on items across shopping categories, and because of the power the company has in e-commerce, led competitors to raise their prices and charge customers more, according to people familiar with the allegations in the complaint. In instances where competitors didn't raise their prices to Amazon's level, the algorithm -- which is no longer in use -- automatically returned the item to its normal price point.Essentially, sellers feel they have no choice but to use Amazon because of its reach, consumer base and logistics prowess, but the company prohibits them from offering their products at a lower price at other

A modest amount of money can go a long way when it's invested in highly profitable industry leaders with sustained competitive advantages.

Sept 26 (Reuters) - Tesla and European carmakers that export from China to the EU will be part of the bloc's probe into whether the country's electric vehicles industry is receiving unfair subsidie

Marketing firm Klaviyo open on flat on its first day of trading.Marketing and data automation provider Klaviyo Inc. priced its initial public offering above a marketed range to raise $576 million in t