BABA posts 58% profit jump but sales miss

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year on year to 43.9 billion yuan ($6.07 billion) in the company’s … Read more

US retail sales slightly above expectations in October

WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters … Read more

Case study: How NY-Presbyterian has found success in not rushing to implement AI

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Leaders of AI projects today may face pressure to deliver quick results to decisively prove a return on investment in the technology. However, impactful and transformative forms of AI adoption require a strategic, measured and intentional … Read more