Articles

Alibaba’s stock falls as e-commerce pressure sparks revenue miss

Alibaba came up short with revenue from its Tmall and Taobao e-commerce marketplaces, though cloud revenue exceeded estimates.

Oil attempts bounce as traders eye demand outlook, monitor Middle East threat

Oil futures were up slightly Thursday morning, attempting to bounce after back-to-back declines.

Three different factors could trigger the third wave of a stock-market pullback, says strategist

Dhaval Joshi, chief strategist of BCA Research’s Counterpoint service, says an analysis of the “price complexity” shows that the yen carry trade and the AI bubble are one and the same trade, and that any of three factors could torpedo it.

Israel’s national airline says it’ll spend $2.5 billion to buy 31 planes from Boeing

El Al has seen its sales surge since the start of Israel’s war with Gaza as rival airlines have suspended services to the country

Deere’s stock pops premarket after earnings sweep past lowered estimates

Deere & Co.’s stock rose 4% early Thursday, after the agricultural and construction machinery maker swept past lowered earnings estimates for its fiscal third quarter.

SEC approves fund that levers up MicroStrategy, which bets on bitcoin

Investors will now have the opportunity to buy a fund leveraged to a company that is leveraged to an asset that often is bought on leverage.

‘He called me a liar’: I will inherit a $650,000 house from my grandparents, but my husband says I’ll never have any money when I’m older. Is he right?

“I plan to buy a second home as an investment property.”

UBS to put Credit Suisse Real Estate Fund International into liquidation

UBS Group said its Swiss fund-management business decided to put Credit Suisse Real Estate Fund International into liquidation amid limited liquidity in real-estate markets in the bank’s latest step to unwind parts of the portfolio of former rival Credit Suisse.

U.S. Open champ Bryson DeChambeau just sold this chic $3 million Dallas mansion with—of course—a golf simulator

Check out the details that make DeChambeau’s former Dallas digs so appealing.

Elaborate as a Vegas casino, this Nevada castle is on the market for $10 million

A magician built this castle with battlements and a turret, plus a stage, indoor grotto and a secret staircase—yours for $10 million.

Medicare’s negotiated drug prices will save taxpayers $6 billion in first year, White House says

Medicare has reached price agreements for all 10 drugs selected for the initial round of negotiations under the Inflation Reduction Act, and those price reductions are expected to save taxpayers about $6 billion in the first year they take effect, the Biden administration said Thursday.

Druckenmiller, Soros, Tepper among investors selling Nvidia in second quarter as tech stocks slumped

High profile investment firms including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Soros Capital all cashed out of Nvidia in the second quarter of this year
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