Alibaba plans $10 billion Hong Kong share placement to fund AI spending

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7904 compared to the previous day’s fix of 6.7895 and 6.7548 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability,…

A steep NAV drop and a federal probe trigger a high-level departure at BlackRock. The private credit market’s roughest stretch in years has claimed its first senior leader at a major asset manager. BlackRock’s Phil Tseng is in the process of leaving his post as CEO of the firm’s publicly traded business development company, according…

In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Tyler Crowe, Travis Hoium, and Lou Whiteman discuss: Palantir’s earnings and guidance. The case for model-agnostic AI. Caterpillar’s incredible quarter. Is Spotify a growth stock or a value stock? To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast…

investingLive Americas news wrap: Bessent doubles down on buyback plan !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

After cooperating with the International Criminal Court to indict Russian President Vladimir Putin for war crimes, the US has shifted to waging a scorched-earth campaign against the ICC in the name of protecting Israel. But rather than halting international law’s progress, the US is merely handing the pen to other countries. ABU DHABI—In 2023, US…