Alibaba jumps as it strikes bullish tone on AI investments, even as profit plunges
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
China’s Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
The tech giant reported its first-quarter 2026 earnings on Wednesday.
‘Bond markets on edge’ as King Charles sets out fragile UK government’s agenda
U.K. gilts and bonds faced heavy selling pressure in response to the latest ‘Starmer drama’, as the prime minister faced down rivals ahead of the King’s Speech.
Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble
A recent tie-up between Jeep maker Stellantis and China’s Leapmotor is seen as a watershed moment for the future of European carmaking.
Jamie Dimon warns JPMorgan may rethink new London office if ‘very smart’ Starmer is ousted as UK PM
Starmer’s leadership is under pressure, sparking concern in the bond market.
SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment in OpenAI.
European markets close higher, UK gilts volatile as pressure mounts on PM Starmer
European stocks bucked the negative sentiment seen in Tuesday’s session by closing higher on Wednesday.
CNBC Daily Open: Huang on, Nvidia is on the China trip
Nvidia CEO Jensen Huang becomes a last-minute addition to the Trump administration’s trip to China, despite restrictions in working with Beijing.
CNBC’s UK Exchange newsletter: Starmer’s EU push faces a harsh political reality
U.K. Prime Minister Keir Starmer has alighted on resetting relations with Europe as a way of reviving his flagging popularity.
Buy these cheaper stocks, Barclays says, as luxury’s ‘self-help stories’ pay off
The conflict in the Middle East has weighed heavily on the world’s biggest luxury stocks, but Barclays sees a buying opportunity.
