On Tuesday, reports emerged that car sales in Europe had slowed sharply, causing Tesla’s share price to plummet and the electric vehicle maker’s market value to fall below the coveted $1 trillion mark. Tesla’s share price, led by Elon Musk, closed down 8.4% at $302.80, with a market value of $974 billion. The company’s share […]
Morgan Stanley said that the factors that led to the depreciation of the US dollar in the early days of Donald Trump’s first term will again threaten the dollar’s exchange rate in 2025. Morgan Stanley strategists Andrew Watrous, Ariana Salvatore and Arunima Sinha believe that a month after the start of Trump’s second term, many […]
Alibaba Group Holding Limited has committed to investing over 380 billion yuan (53 billion US dollars) in artificial intelligence infrastructure such as data centers over the next three years. This significant commitment highlights the ambition of this e-commerce pioneer to become a leader in artificial intelligence. The Internet company co-founded by Jack Ma plans to […]
Alibaba Group Holding Ltd. reported its fastest revenue growth in more than a year, marking another step forward in the recovery of the Chinese internet pioneer co-founded by Jack Ma after years of turmoil. The company reported that the revenue growth of its two most important departments (e-commerce and cloud services, including its artificial intelligence […]
For months, Zelensky has been striving to maintain a delicate balance: engaging with Trump, who has promised a swift agreement to end the war, while insisting on Ukraine’s participation in any discussions leading to such a deal. This balance became even more precarious last week when Trump spoke with Putin before informing Zelensky and his […]
The soaring US dollar has dimmed the profit outlook for American multinationals such as Amazon and Apple, raising doubts among investors about how long the stock market rally can withstand the strengthening dollar. The US dollar has risen nearly 7% from its September low and is approaching its highest level since November 2022, posing a […]
Christopher Waller, a member of the Federal Reserve Board, said that the latest economic data support keeping interest rates unchanged, but if inflation behaves as it did in 2024, policymakers might “at some point this year” consider cutting rates again. Waller said in a speech in Sydney on Tuesday: “If the winter lull this year […]
Since its debut this year, shares of Tencent Holdings LTD rose to their highest level since 2021 after DeepSeek, an industry-shaking artificial intelligence service, made its debut on the big tech firm’s wechat social media platform. Shenzhen-based Tencent said in a statement that it is currently integrating DeepSeek’s artificial intelligence model into wechat search. The […]
Recently, Musk has been making big moves in the “government efficiency department”, but the share price of his original “main business” – Tesla – is experiencing some troubles. Tesla’s (TSLA) share price dropped by 5.7% in Tuesday afternoon trading, falling to its lowest level since about 10 days after the US election. Earlier in the […]
After Alibaba Group Holding Ltd. launched artificial intelligence features in China, its share price soared by as much as 8.6%. It closed at 112.78 overnight, approaching the recent high of 117.82 set on October 7, 2024. The technology media outlet, citing an unnamed source, said that Apple and Alibaba have submitted their artificial intelligence functions […]