Latest in China's Alibaba sees revenue surge on back of artificial intelligence, e commerce
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China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in ChinaABC News - 2d -
Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers
Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.CNBC - 1d -
How to close loopholes on Chinese e-commerce and boost US retailers
A well-calibrated approach — one that prevents Shein and Temu from exploiting loopholes while incentivizing compliance and supporting vetted sellers on U.S. platforms — would best serve the United ...The Hill - 3h -
How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI
DeepSeek's sudden emergence has put the AI industry's focus on a technique called distillation.CNBC - 1d -
Amazon surpasses Walmart in revenue for the first time
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.CNBC - 1d -
Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.CNBC - 1d -
With Truth Social, Trump Has Official Mouthpiece and a Channel for Revenue
The president’s company, Trump Media & Technology Group, represents a clear mingling of his official duties and his business interests.The New York Times - 2d -
Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI
Chinese tech group says it will spend more on artificial intelligence in next three years than over past decadeFinancial Times - 1d -
The Humane Ai Pin Will Become E-Waste Next Week
Plus: Apple’s visionOS 2.4 makes it easier for guests to use the Vision Pro, Eero has two new Wi-Fi 7 routers, Oppo’s folding phone is the slimmest yet, and Omega drops a bronze Bond watch.Wired - 6h -
Novo Nordisk Shares Surge on New Obesity Drug Results
Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.The Wall Street Journal - Jan. 24 -
Ecuador will seek foreign military aid to combat drug cartels as violence surges
The government of Ecuador has taken another step in its effort to gain help from foreign military forces to combat drug cartels and various organized crime groupsABC News - 2d -
Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown
Royal Caribbean was the hardest hit.CNBC - 1d -
Trump administration considers moving USPS under Commerce Dept.
Moving the U.S. Postal Service into the Commerce Department, should it take place, would happen through an executive action, source say.CBS News - 16h -
Trump says he is considering merging USPS with Commerce Department
President Trump told reporters he would be considering merging the United States Postal Service with the Commerce Department, knocking the current state of the USPS as a "tremendous loser."NBC News - 19h -
Postal Service braces for potential takeover by Trump's Commerce Department
President Donald Trump said Friday that his new commerce secretary, Howard Lutnick, “will be looking” at the U.S. Postal Service.NBC News - 2h -
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.CNBC - 1d -
Burberry Sees Positive Signs as Turnaround Plan Continues
The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.The Wall Street Journal - Jan. 24 -
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New York sues vape distributors over Elf Bar and other fruit and candy e-cigarettes
New York is suing several large electronic cigarette distributors for allegedly selling vaping flavors that can appeal to childrenABC News - 2d -
China's WeRide Wants to Build Global Robotaxi Empire
The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.The Wall Street Journal - Jan. 24 -
Tesla to Recall Cars in China on Safety Concerns
Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.The Wall Street Journal - Jan. 24 -
Trump Eyes a Bigger, Better Trade Deal With China
U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the United States.The New York Times - 3d -
China’s record-breaking blockbuster buoyed by patriotic viewers
‘Ne Zha 2’ rakes in $1.7bn with help from companies organising group outings and repeat viewingsFinancial Times - 1d -
This ETF provider thinks it's time to rethink investing in China
Investors may want to reduce their exposure to the world's largest emerging market.CNBC - 1h -
Tennis participation grows to more than 25M players in the US even as pickleball's popularity surges
The U.S. Tennis Association says participation in the sport around the United States rose to 25.7 million players in 2024ABC News - 3d -
Nissan stock surges on report it’s seeking Tesla deal. How the odd pairing could work.
What ailing Japanese automaker Nissan could have that Tesla would want.MarketWatch - 1d -
Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.CNBC - 3h -
England to show ‘nastiness’ as Itoje backs side to wrestle back Calcutta Cup
Captain calls on his team to ‘create our own history’ Assistant coach Tom Harrison: ‘there’s a nastiness to us’ England have vowed to show their nasty side against Scotland on Saturday with the ...The Guardian - 1d -
Xavier Woods and Kofi Kingston say Big E's neck injury stunted The New Day: 'We should have evolved' years ago
The two members of New Day discuss how Big E's neck injury put the group in a holding patternCBS Sports - 1d -
CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks
Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.The Wall Street Journal - Jan. 24 -
Our guide for what to see during Frieze Los Angeles
It's the sun in the middle of L.A. art week's solar system. Here are our favorite exhibitions and events happening at Frieze and beyond.Los Angeles Times - 3d -
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.The New York Times - 1d -
Gordon Ramsay restaurant sees 477 lucky cat thefts
The cat figurines known as maneki-neko feature within the TV chef's Lucky Cat restaurants.BBC News - 1d -
Fired federal workers see their dreams shattered and an uncertain future
As the Trump administration hacks away at government agencies, many employees who were cut are left fearing for their future and in the dark about their next steps.ABC News - 1d -
With RFK Jr. in charge, supplement makers see chance to cash in
The FDA is already limited in policing claims of health benefits by makers of supplements and herbal remedies — a $70 billion industry. Get ready for even less regulation.CBS News - 1d -
Haberman: Trump, advisers see Musk as 'useful heat shield' for criticism
New York Times White House correspondent Maggie Haberman says President Trump and his advisers have identified tech giant Elon Musk as a “useful heat shield” for criticism on his administration's ...The Hill - 1d -
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Risers and fallers: Brook Lopez to see increased usage down the stretch
Steve Alexander highlights five names trending upwards and five downwards, with key takeaways for each.ESPN - 19h -
Stock Market Sees Biggest Declines of Trump’s Presidency So Far
Fueling a 1.7 percent decline on Friday was an unexpected drop in the University of Michigan’s consumer sentiment index, as Americans worried about stubborn inflation.The New York Times - 19h
