China’s Alibaba posted stronger growth in its key cloud division in the June quarter, as rising demand for its AI products boosted results.
That came even as net income dropped 75% year-on-year to 10.4 billion Chinese yuan due to a rise in spending on cloud infrastructure.
U.S. listed shares fell 4% in premarket trading.
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Space Exploration Technologies (SPCX -3.93%) was the talk of the town this summer. The company reached a valuation north of $2 trillion just a few weeks after the biggest initial public offering (IPO) in history and traded as high as $225.64. Fast forward to today. The company has already released its second-quarter FY 2026 report,…
“We’re a little bit late to the party with this ETF launch, probably about two to three years, in my opinion… We are not momentum managers, like every other fundamental manager is buying memory compute six months ago. And believe it or not, they’re blowing up in front of us right now. I know it….
Courts from coast to coast continue to hear an increasing number of elder law and special needs cases, and the stakes have never been higher. Chief among recent developments is the U.S. Supreme Court’s decision in Medina v. Planned Parenthood South Atlantic,1 a ruling whose consequences for Medicaid litigation are already reverberating through the federal…
Plan advisers spend much of their day listening, whether to clients, colleagues or the latest market developments. But when it is time to plug in their headphones or earbuds, many turn to podcasts for insights, inspiration and a break from retirement plan talk. This year’s PLANADVISER Retirement Plan Adviser of the Year finalists shared their…
Calling all eligible blood donors: Your help is needed. Earlier this summer, the American Red Cross declared a national blood supply crisis, for only the second time in its history. The organization issued an urgent appeal to give blood, as hospital demand has outpaced donations. But this crisis extends beyond the nation’s largest blood supplier….
U.S. stocks are entering what has historically been the weakest stretch of the year, but unusually bearish investor sentiment could help limit any pullback, according to Ned Davis Research.
