Europe stocks open mixed as investors continue to assess rate cut prospects

[ad_1] An Hour Ago Europe stocks head for muted open European stocks will open mixed Monday, according to IG data. The FTSE 100 is on course to slip 6.5 points…

China leaves benchmark lending rates unchanged; Japan stocks briefly touch 33-year highs

[ad_1] An Hour Ago Nikkei 225 briefly touches 33-year highs, highest since May 1990 Japan’s Nikkei 225 briefly touched 33 year highs on Monday morning, with the benchmark Nikkei 225…

Alibaba sheds over $20 billion in market value after scrapping plans to list its cloud business

[ad_1] Alibaba, which competes with U.S. tech giant Amazon, said on Thursday that it would not proceed with the spinoff of its Cloud Intelligence Group. Alibaba said that U.S. chip…

Europe markets rise as end of week nears, Volvo down 10% on Geely share sale

[ad_1] 3 Hours Ago Rolls-Royce shares hit one-year high as stock price soars Rolls-Royce shares hit a 52-week high on Friday after soaring by around 190% over a year. Stock…

Alibaba sheds $20 billion in market value after scrapping plans to list its cloud business

[ad_1] Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down…

CNBC Daily Open: Investors got the note they were too optimistic

[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023.  Brendan Mcdermid | Reuters This report is from today’s…

Alibaba shares slide 5% after it disappoints on profit, curbs cloud spinoff

[ad_1] Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Chinese…

Microsoft announces custom AI chip that could compete with Nvidia

[ad_1] Microsoft unveiled two chips at its Ignite conference in Seattle on Wednesday. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia’s highly sought-after AI graphics processing…

Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps

[ad_1] A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Chinese…

Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says

[ad_1] A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty Images Chinese companies have gained ground in global patent…