After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants
Alibaba’s major reorganization is viewed as a sign that the Chinese government could be relaxing its intense scrutiny of the domestic technology sector.
A less obvious area in A.I. could be an $11 billion opportunity, Bernstein says — and names 4 stocks
Microsoft and Google are among the most obvious beneficiaries of the AI revolution. But AI’s applications extend beyond search engines and cloud computing.
Wall Street is bullish on Alibaba’s overhaul with Morgan Stanley expecting the stock to double
Investment analysts say Alibaba shares are trading at a “meaningful discount” to its sum-of-all-parts valuation.
China’s strong demand for commodities to exceed post-2008 crisis, mining giant says
China’s reopening will boost demand for commodities more significantly than it did after the 2008 financial crisis, says Andrew Forrest, executive chairman of Fortescue.
Asia markets trade mixed; ASX hits two-week high as banking fears ease
Asia-Pacific markets were mixed at the open on Thursday with Hong Kong looking to extend its gains.
CNBC Daily Open: Nothing broke yesterday. Markets cheered
U.S. stocks rallied Wednesday as both banks and big tech rebounded. For markets still reeling from the banking crisis, no news is good news.
Stocks close higher a second-straight day, Dow jumps more than 100 points: Live updates
The S&P 500 touched its highest level since March 7. The three indexes ended the day with gains.
Electronic Arts is cutting about 800 jobs, or 6% of workforce, and reducing office space
Video game company Electronic Arts will lay off 6% of its workforce and reduce office space, costing the company around $200 million.
Ed Yardeni says the S&P 500 can rally by double digits to end the year at 4,600
Market veteran Ed Yardeni says the S&P 500 can still earn a double-digit gain this year despite the banking crisis and fears of a hard landing.
Morgan Stanley on who wins the most if TikTok is banned or blocked
The investment bank lists three stocks that already have short-form video platforms in place.
