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Latest in Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

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  • Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

    Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.
    Business - MarketWatch - 6 hours ago
  • Nintendo reports lower profits as demand drops for its aging Switch console

    Nintendo reports lower profits as demand drops for its aging Switch console

    Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...
    Entertainment - ABC News - November 5

  • Alibaba's Southeast Asia Unit Lazada Pushes AI Investment to Regain Market Share

    Lazada is accelerating investments in generative artificial intelligence to regain its standing in a fiercely competitive market with limited opportunities for margin expansion.
    Business - The Wall Street Journal - October 17

  • Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat

    Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.
    Business - MarketWatch - October 24

  • Meet the London fund turning Norway’s hydro sector into an investment

    The world needs more hydropower to hit its net-zero goals. Here’s how Augusta & Co. is helping to get there.
    Business - MarketWatch - October 17
  • Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

    Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

    Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates
    Tech - ABC News - October 31

  • TSMC beats forecasts with 54% surge in profits on soaring AI demand

    Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
    Business - MarketWatch - October 17

  • Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

    TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
    Business - CNBC - October 18
  • Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

    Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

    Billionaire Trump backer has targeted swing states with contest ahead of presidential election
    Business - Financial Times - October 24

  • SK Hynix Profit Momentum Continues on AI-Chip Demand

    SK Hynix posted record earnings in the third quarter as it continued to ride strong demand for powerful computing chips to support artificial-intelligence applications.
    Tech - The Wall Street Journal - October 23

  • A Mastercard executive addresses this burning investor question

    Some investors worry it’s going to get harder for Mastercard to find more cash to displace. Its CFO sees plenty of runway ahead.
    Business - MarketWatch - October 31

  • Winnebago’s stock rocked by a big profit miss, due to ‘sluggish’ retail demand

    Winnebago’s stock sinks after a big profit miss for its fiscal fourth quarter, which offset a revenue beat.
    Business - MarketWatch - October 23
  • Nuclear energy stocks hit record highs on surging demand from AI

    Nuclear energy stocks hit record highs on surging demand from AI

    Amazon and Google deals to deploy small modular reactors are latest step in sector’s revitalisation
    Business - Financial Times - October 20

  • Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

    Revenue for the third quarter grew about 94% year-on-year.
    Business - CNBC - October 24

  • Boeing’s stock turns lower, as short-term technical boost fades after the open

    Boeing’s stock reversed into the red on Tuesday, to erase a positive short-term technical signal, even after the aerospace giant’s unionized machinists voted to end the nearly two-month-long strike.
    Business - MarketWatch - November 5

  • 23andMe’s stock falls after company says there’s substantial doubt it can stay in business

    Shares of 23andMe fell 4% Tuesday after the DNA-testing company reported its latest quarterly loss and included “going concern” language in its financial statements, shedding gains made late Monday ...
    Business - MarketWatch - 3 days ago

  • Alibaba posts profit beat as China looks to prop up tepid consumer spend

    The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.
    Business - CNBC - 8 hours ago

  • 3M’s stock turns red as profit beat, but retail customers are still holding back

    The maker of Post-it Notes saw it’s stock surge to a multi-year high, then pull a sharp U-turn into the red, even as earnings beat expectations.
    Business - MarketWatch - October 22

  • Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

    Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.
    Business - MarketWatch - October 30

  • China's Alibaba releases AI search tool for small businesses in Europe and the Americas

    Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
    Business - CNBC - 3 days ago

  • Iberdrola Profit Lifted by Record Investments

    Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.
    Business - The Wall Street Journal - October 23

  • Moncler Revenue Falls on Lower Demand in Asia, Europe

    The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.
    Business - The Wall Street Journal - October 29

  • Santander's Profit Beats Expectations on Lower Provisions, Costs

    Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...
    Business - The Wall Street Journal - October 29
  • StanChart to double investment in wealth management as profits rise

    StanChart to double investment in wealth management as profits rise

    Wealth business had record quarter as revenues rose 32%
    Business - Financial Times - October 30
  • Meet the Top 269 Investment Firms for Founders

    Meet the Top 269 Investment Firms for Founders

    Here are the private equity firms, venture capital firms, and lenders that help founder-led companies grow.
    Business - Inc. - October 29

  • AMD’s stock is getting hurt by this ‘unpalatable’ reality

    One analyst says that AMD’s muted guidance is unlike what Wall Street has come to expect of “AI names.”
    Business - MarketWatch - October 30

  • Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

    Procter & Gamble said volume fell in its Greater China market despite the earnings beat.
    Business - CNBC - October 18
  • U.S. to Curb AI Investment in China Soon

    U.S. to Curb AI Investment in China Soon

    Some technologies and financial commitments will be blocked, based on President Biden’s 2023 executive order to keep American expertise from helping the Chinese military.
    Business - Inc. - October 22

  • Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes

    The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.
    Business - The Wall Street Journal - October 24
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