The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba has completed a three-year regulatory “rectification” process following an antitrust fine it received on charges of monopolistic practices in 2021, China’s market regulator said on Friday.Shares of Alibaba rose more than 3% in Friday morning trading.On Friday, China’s State Administration for Market Regulation (SAMR) said that, over the past few years, it has been supervising Alibaba’s process to become compliant with antitrust regulations. The rectification work has achieved “good results,” the SAMR said, according to a Google-translated statement.In 2021, China’s…
Author: usaeverydaylife
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi holds a press conference on the opening day of a quarterly meeting of the agency’s 35-nation Board of Governors in Vienna, Austria, November 22, 2023. Lisa Leutner | ReutersThe head of the U.N. nuclear watchdog has pushed back against Moscow’s calls for further objectivity, following an inspection at the nuclear facility in the embattled Russian region of Kursk.Last week, Russia accused Ukraine of attempting a drone strike at the Kursk nuclear plant during a lightning cross-border incursion that has been under way since early August and which Moscow is still…
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla, SpaceX and X Corp. leader Elon Musk ramped up his online attacks on Brazilian Supreme Court justice Alexandre de Moraes on Thursday, amid an intensifying political and legal battle between the tech billionaire and his companies, and Brazil’s highest court.X Global Government Affairs issued a statement on Thursday evening ahead of an anticipated suspension of its platform in Brazil. Among other things,…
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter.Those advisors, which include Morgan Stanley and other bankers, will likely present Intel’s directors with options at an upcoming board meeting in September, said the person, who requested anonymity to discuss confidential matters. The advisors are considering a full range of options, including splitting off and selling businesses, the person said.Intel shares rose more…
Chris Rolland, Susquehanna, joins ‘Fast Money’ to talk Nvidia earnings. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDeepwater Asset Management’s Gene Munster joins ‘Fast Money’ to talk Nvidia’s stock performance and why it saw a big drop today.05:43a minute ago Source link
A handful of stocks stood out this month as the market recovered from a global sell-off. The market has bounced back and largely erased their losses from a stark sell-off that started August. The S & P 500 has added 1.2%. The Nasdaq has lagged with a 0.5% slide, while the Dow Jones Industrial Average has ticked up 1.2%. At their lows this month, the S & P 500 was down 7.3%, while the Dow and Nasdaq had shed 5.4% and 10.7%, respectively. With August wrapping up, CNBC Pro screened for the best-performing stocks month to date. We then looked…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day) Investors Friday morning were getting ready for September with the tech trade on their minds, as well what the market is saying about a possible recession. The tech trade and the broadening market Matt Maley of Miller Tabak says if tech continues to trade lower it could threaten the overall market despite the rotation that has pushed healthcare, industrials and materials to record highs. “The big cap tech names are so highly weighted…
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.Here’s how company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.David A. Grogen | CNBCWarren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.Berkshire Hathaway became the first non-technology company to top a $1 trillion market capitalization this week. Berkshire Class A shares also topped $700,000 apiece for the first time ever.Howard Marks, a great investor in his own right and friend of Buffett’s, credits three things that have allowed the ‘Oracle of Omaha’ to lead Berkshire to new heights, even…
