Bernstein downgrades Alibaba on concerns of ‘perpetual low growth’
Bernstein says Alibaba’s low growth rate will weigh on the stock.
Shocked by the speed of the Wagner revolt, Russia’s neighbors want to beef up NATO’s eastern flank
The fallout from the Wagner Group’s short-lived armed rebellion has raised the alarm among Europe’s Baltic countries.
China decoupling would be an act of ‘suicide’ for Europe, Hungary’s foreign minister says
Hungary’s Foreign Minister said Tuesday that any move to decouple, or even derisk, from China would be an act of “suicide” for Europe.
Airbnb is offering a free stay at Barbie’s Malibu Dreamhouse—here’s how to book
The all-pink listing is hosted by Ken — played by Ryan Gosling in the upcoming film — and looks like the iconic Barbie playset come to life.
Trump’s latest attack includes special counsel’s family after bombshell tape revealed
Trump railed against Smith and his criminal case, and asked “somebody” to “explain” his position to the special counsel, his family and his friends.
Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
Lordstown also said it would put itself up for sale amid an ongoing dispute with Taiwan’s Foxconn.
Wise shares spike 16% as higher interest rates help fintech triple profits
Wise said in a statement to the stock market that its profit before tax nearly tripled to £146.5 million ($186.5 million).
A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.
Markets are pricing in rate cuts too soon, IMF’s Gopinath says
Major central banks will have to hold rates high for much longer than some investors expect, the IMF’s Gita Gopinath told CNBC Tuesday.
Lagarde says inflation still too high in euro area, cannot declare victory yet
European Central Bank President Christine Lagarde said Tuesday that inflation is still too high and it’s still too early to declare victory over consumer price rises.
