Fiscal 2022: A Year to Move on From Alibaba
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- BABA
While the worst could be over for the Chinese tech powerhouse, its outlook for its current fiscal year remains unexciting.
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Wall Street has closed higher as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P; 500 and the Nasdaq to post their fourth straight week of gains.5 per cent from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month.
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