News

Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It's a level not seen since George W. Bush was president. Bianco Research's Jim Bianco sees the 10-year Treasury yield hitting 5.5% this year.

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

The Federal Reserve on Wednesday released minutes from its Dec. 12-13 policy meeting.

The Fed is expected to cut interest rates in 2024. Here's how investors can prepare

The U.S. central bank expects to cut rates three times in 2024. Investors can lock in CD rates now, while bonds are poised for a pop.

Fed's Barkin sees likely soft landing ahead but notes rate hikes still a possibility

"We're making real progress," Barkin, a voting member this year on the rate-setting Federal Open Market Committee, said in prepared remarks.

'Big Short' investor Steve Eisman worries 'everybody is coming into the year feeling too good,' sees room for disappointment

Steve Eisman of Neuberger Berman sees little tolerance for things going wrong. He warns the Federal Reserve will likely cut rates fewer times than expected.

BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023

In 2022, Tesla produced 1.37 million vehicles, fewer than BYD's 1.88 million.

China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

Pronounced "Sue Qi" in Mandarin, the Xiaomi SU7 beats Porsche's Taycan and Tesla's Model S on acceleration and other metrics, Xiaomi CEO Lei Jun said.

Does the tax on your year-end bonus check seem high? Here's why

Companies often withhold tax from bonuses at a flat 22% federal rate. For many, that means their check may seem smaller than expected.

AI boom fails to propel China's cloud market growth

"The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth," Canalys said in a report.

China's potential new gaming rules will hit smaller developers more, analyst says

China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS.

Here’s when you can visit a national park for free in 2024

The National Park Service will offer free admission to national parks on six days next year.
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