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Alibaba's AI-Driven Cloud Growth Boosts Q2 Earnings
Alibaba, Friday, 15 November 2024.
Alibaba’s Q2 earnings surpassed expectations, driven by robust AI-related revenue growth in its cloud business. Despite slower overall sales, the tech giant’s strategic focus on AI infrastructure and international expansion signals a promising trajectory in a challenging economic landscape.
Thermo Fisher Unveils $4 Billion Stock Buyback Plan
Waltham, Friday, 15 November 2024.
Thermo Fisher Scientific’s board approves a new $4 billion stock repurchase program, replacing the previous $1 billion authorization. This strategic move, aimed at enhancing shareholder value, reflects the company’s strong financial position and confidence in future growth prospects.
RioCan Real Estate Trust Reports Record Occupancy Amid Q3 Earnings
Toronto, Tuesday, 12 November 2024.
RioCan Real Estate Investment Trust announced strong Q3 2024 results, showcasing resilience in the Canadian real estate market. The trust reported increased revenue and net income, with sales rising to CAD 279.56 million, up from CAD 269 million year-over-year, signaling robust sector growth.