Some people swear by gold as an investment, and for good reason. After all, it remains the precious metal that serves as a safe haven when markets and foreign exchanges go wild. Perhaps that’s what’s driving up the prices – gold has hit a record high of $2,500 per troy ounce! To rub salt onto …
Alibaba and Tencent reported their 2Q 2024 results last week. Both companies experienced mere single-digit percentage revenue growth, with Tencent clocking in at 8% and Alibaba growing at 4%. However, Tencent’s profit jumped 82%, while Alibaba’s fell by 29%. Looking at the Non-IFRS/adjusted profits, Tencent’s profit still increased by 53%, while Alibaba’s decreased by 15%. …