Alibaba shares fall 3% as AI spending drives 75% drop in net income
China’s Alibaba on Thursday posted a 75% fall in profits for the June quarter as AI spending weighed…
Hong Kong’s IPO boom extends beyond tech, HKEX CEO says, as fundraising tops $40 billion
Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), during the Asian Financial Forum…
SK Hynix’s South Korean shares surge over 12% on stock buyback
Cfoto | Future Publishing | Getty Images Shares of SK Hynix surged over 12% in Seoul on Thursday…
Inside India newsletter: Chip squeeze hits Chinese smartphones as Apple, Samsung gain an edge
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India” —…
Trump declares ‘economic warfare’ on Iran, threatens its backers
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the…
Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday,…
Stripe to buy OpenRouter as fintech expands deeper into AI
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti…
Wall Street analysts just called this healthcare stock a buy — here’s our take
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET.…
Stock winners and losers as Anthropic passes OpenAI as hottest AI upstart
Anthropic is pulling ahead of OpenAI in the frontier model race, laying the foundations for a new hierarchy…
Marvell pops on AI chip deal letting Google buy up to $12.2B in shares
Marvell Technology shares rallied 6% on a deal that would allow Google to buy up to $12.2 billion…
Nvidia is connecting GPU customers with data centers in the Nordics: sources
Nvidia is playing matchmaker, trying to connect companies with its graphics processing units to data-center operators that have…
Retail investors stick with AI trade but appear more cautious
POLAND – 2025/02/24: In this photo illustration, an Artificial Intelligence (AI) logo is displayed on a smartphone with…