Yahoo Finance Alibaba Stock Holds Near Highs After Post-Earnings Surge, But Is BABA Stock A Buy Now?
Alibaba stock gapped down after reporting earnings, but BABA stock has rebounded well, with shares up nearly 11% last week.
Alibaba stock gapped down after reporting earnings, but BABA stock has rebounded well, with shares up nearly 11% last week.
‘After 120 years we've seen a lot of competition’ says Ford (F) CEO Jim Farley to Yahoo Finance Executive Editor Brian Sozzi. His comments come as the automaker unveils a 1 billion dollar 30-acre innovation district, centered around the iconic Michigan Central Station. Sozzi asked if Farley had a date on the calendar for making money on the big EV push, ‘we wouldn't allocate capital if i didn’t think it was profitable’ he responded. The new development serves as something of an emblem for Ford’s future ambitions; much of that, today, takes the form of the push into electrification. It hasn’t been an easy road, but despite fierce competition from the likes of Elon Musk’s Tesla, Ford has managed to establish itself as America’s No. 2 electric vehicle brand. Price cuts for the F-150 Lightning and the Mustang Mach-E have been a part of the strategy however; the latter being the second bestselling electric SUV in the United States last year. Earlier this year, however, something of a bombshell; the company announced it was reassessing its EV plans, saying though there was growth to come, widespread adoption would take time. ‘The hard part is delivering and executing affordable EVS that make money’, Farley added. You can watch the full video here.
Nvidia (NVDA) and Advanced Micro Devices (AMD) introduced their latest generation of AI chips — Nvidia's Ruben and AMD's MI325X accelerator — as the chip giants accelerate into a new product cycle. I/O Fund Lead Tech Analyst Beth Kindig joins The Morning Brief to comment on the market share these chip leaders have room to acquire as they roll out more of these products in the tightening AI race. "So in this AI battle, this AI competition between AMD and Nvidia, what we're seeing is something that has never been done before at the data center level," Kindig tells Yahoo Finance. "They're basically going to be releasing these every year, as you said, there's Blackwell by the end of this year, Blackwell Ultra, Ruben, Ruben Ultra. And within that, there's additional variations." Catch Yahoo Finance's full interview with Nvidia CEO Jensen Huang. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The honorary president of Reform UK will give a press conference in London at 4pm
OPEC+, a group of major oil exporting countries, is extending its oil production cuts into 2025. It was a move widely expected by traders. However, some of those production cuts will start to phase out in the fall of 2024. Yahoo Finance's Ines Ferré breaks down the OPEC+ decision and what it could mean for oil prices (CL=F, BZ=F). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) -- Mr. Peter Bull and Arbutus Distributors Ltd. (“Arbutus”), a private investment and holding company controlled by Mr. Bull, announced today that Mr. Bull and Arbutus disposed of an aggregate of 2,050,000 common shares (the “Subject Shares”) of ADENTRA Inc. (“ADENTRA”) at a sale price of $38.06 per Subject Share for aggregate gross proceeds of $78,023,000 on the Toronto Stock Exchange through a block sale on May 31, 2024 (the “Transact
Jury selection will start on Monday in the first criminal trial of a child of a sitting president.
The “This Is Us” alum paid perfect tribute to the beloved series in her pregnancy announcement.
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:OCTOPUS INVESTMENTS LTD(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree i
The mission hopes to bring rocks back to Earth from the far side of the Moon for the first time.
The three major market averages (^DJI, ^IXIC, ^GSPC) open Monday — the first trading session of June — slightly above their flatlines. Morning Brief Hosts Seana Smith and Brad Smith monitor the market action after the opening bell, while Yahoo Finance Senior Markets Reporter Jared Blikre observes movements across sectors and within the 10-year Treasury yield (^TNX) and the semiconductor space. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:OCTOPUS INVESTMENTS LTD(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree i
Morrisons staff put up a cordon after a gull lays eggs around a car park tree.
Meme stocks rally again after Roaring Kitty Keith Gill reveals a $180 million position in GameStop stock and options.
Alex Smith, a US official who quit his role at the US Agency for International Aid this week, hit out at the head of the agency Samantha Power for failing to call out Israel for blocking humanitarian aid to Gaza.
NEW YORK, NY, June 03, 2024 (GLOBE NEWSWIRE) -- Recently, Fintech360 has proudly announced that they enter into partnership with TradingView. The forex brokerage industry is rapidly evolving, and Fintech360 stands at the forefront, driving innovation and efficiency. A pivotal factor in this success is their partnership with TradingView, a renowned charting provider offering an extensive suite of market trading and analysis tools. This collaboration amplifies Fintech360's capabilities, enabling b
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