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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 - Yesterday -
Justin Lower shoots another 65 and leads Bermuda Championship
Justin Lower has a two-shot lead in the Bermuda Championship as he chases his first PGA Tour victorySports - ABC News - 19 hours ago -
Kroger and Walmart Deny ‘Surge Pricing’ After Adopting Digital Price Tags
Some members of Congress have expressed concerns that stores will monitor customers and raise prices. Business experts say the technology has not raised customers’ grocery bills.Business - The New York Times - October 23 -
How quickly are prices rising in the UK?
The rate at which prices are rising has dropped below the Bank of England's target of 2%.Top stories - BBC News - November 7 -
Wholesale prices up 0.2% in October
A day after the CPI report revealed a rise in inflation for October, the producer price index is showing a similar increase for wholesale goods. CBS News MoneyWatch correspondent Kelly O'Grady has ...Top stories - CBS News - 2 days ago -
Netflix raises prices as boost from password crackdown fades
The streaming giant will charge subscribers more in some countries to fuel growth.Top stories - BBC News - October 18 -
Labour discovers price of freebies in our democracy
Journalists are right to raise questions over Starmer’s Taylor Swift meeting and acceptances from donorsWorld - Financial Times - October 18 -
Egypt increases fuel prices by 10% to 17%
Egypt has raised fuel prices by between 10% and 17%, a move likely to impact the cost of both goods and servicesWorld - ABC News - October 18 -
CVS replaces CEO as profits, share price suffer
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.Top stories - NBC News - October 18 -
At London Pen Shows, Collectors Seek ‘Art of the Highest Quality’
For collectors and enthusiasts at the London Pen Show, the finest writing instruments can cost thousands of dollars. As one dealer put it, “This is art of the highest quality.”Lifestyle - The New York Times - October 22 -
Power, as well as price, matters in a well-run economy
That’s the lesson to take from both the founding of the Bretton Woods system 80 years ago and the Biden administration todayWorld - Financial Times - October 21