Amazon shares were upgraded to “outperform” from “market perform” by Bernstein on Tuesday, adding to the list of analysts bullish toward the e-commerce giant. The coronavirus pandemic boosted growth in online retail, digital advertising, and cloud computing, and Amazon is a “primary beneficiary across all three revenue pools,” analyst Mark […]
VIDEO: $14 Billion. That's how much Alibaba, the Chinese e-commerce giant, made in just 24 hours last November. It happened during an unofficial Chinese holiday called "Singles' Day." But what is Alibaba, what is Singles' Day, and how did they make so much money so quickly?