Chinese e-commerce giant Alibaba exceeded profit expectations in the September quarter with a 58% increase in net income to 43.9 billion yuan, driven by equity investments. However, sales fell short at 236.5 billion yuan, 5% higher year-on-year but below analyst forecasts. Despite this, Alibaba’s New York-listed shares have risen almost 17% this year, with a 3% increase in premarket trading following the release of quarterly earnings.
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International students sue after Trump administration terminates their legal status
International students at Michigan public universities, whose immigration status was abruptly terminated, are seeking legal relief to avoid deportation. The students, from China, Nepal, and India, filed a lawsuit against the Department of Homeland Security, claiming their F-1 visas were revoked without proper notice, despite having no criminal records. A federal court is considering their request for a temporary restraining order, with the judge acknowledging the urgency of the situation. Full Article
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