OPEC poised to cut production further to shore up prices
OPEC and its allies have reportedly agreed to deepen its production cuts by 500,000 barrels per day in an attempt to support crude oil prices in the face of booming U.S. output.
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OPEC and its allies have reportedly agreed to deepen its production cuts by 500,000 barrels per day in an attempt to support crude oil prices in the face of booming U.S. output.
China's richest man says he's ready to take on The Money Team.
Jack Ma, the billionaire who ushered e-commerce into China, is officially stepping down as Alibaba's executive chairman on Tuesday. He's celebrating his retirement with a big bash at an Olympic-sized stadium in the company's hometown of Hangzhou.
Wall Street doesn't seem to care about the escalating trade war between the United States and China.
Jack Ma, a billionaire pioneer of China's internet industry, will step down as Alibaba's executive chairman next year to make way for the company's next generation of leaders.
Jack Ma, the rags-to-riches entrepreneur behind Chinese e-commerce giant, Alibaba, plans to hand over the reins at the company he co-founded nearly two-decades ago.
Jack Ma is reportedly set to announce his plans for retirement as executive chairman of Alibaba and the company's future leadership on Monday, which also marks the billionaire's 54th birthday.
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Jack Ma has already taken public one company worth more than $150 billion. It looks like he's trying to do it again.