These are the stocks posting the largest moves before the bell.Market Insiderread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Netflix shares are cratering after it missed Wall Street's target for international subscriber growth.Investingread more
Billionaire hedge fund manager Ray Dalio just picked gold as a prime long-term opportunity. Here's why one market watcher says he could be wrong.Trading Nationread more
Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers...2020 Electionsread more
Netflix blamed its content slate, regional price increases and a 'pull-forward effect' of its strong Q1 growth for the miss.Technologyread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.Marketsread more
Alibaba hit $5 billion in transactions in less than 15 minutes on Singles Day, blowing the opening minutes of past years for the one-day shopping event out of the water.
To put that figure perspective, Alibaba made more transactions in first 15 minutes of Singles Day this year than it did during the entire first hour of the cybershopping event back in 2015. And last year, it took the Chinese e-commerce giant a full hour to reach $5 billion in transactions.
Within the first 30 seconds, 97 percent of sales were generated through mobile devices.
The peak number of transactions per second so far this year reached 325,000. Payment transactions reached 250,000, about two times greater than in 2016, according to Alibaba's data.
Singles Day is a holiday in China, in which unmarried men and women celebrate their single lifestyle. The holiday derives its name from the date it takes place on, 11/11.
In 2009, Alibaba decided to turn Singles Days into a cybershopping event along the lines of Black Friday in the United States. Last year, Alibaba saw $17.8 billion in sales during the day-long event, far surpassing the $12.8 billion Americans spent in the four days after Thanksgiving.
"It's not that we need Singles Day," Alibaba Group President Michael Evans said in an interview with CNBC on Friday. "It's the opportunity for merchants and consumers to have fun and engage in something that's really exciting. It's the opportunity for consumers to explore and find new brands and new products."