Chinese tech giant Alibaba working on a ChatGPT rival; shares jump

[ad_1] Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing…

ByteDance is testing food delivery service via its Chinese version of TikTok

[ad_1] ByteDance’s Douyin has been trialing a food delivery service since December as it looks to expand its business beyond advertising. Jakub Porzycki | Nurphoto | Getty Images ByteDance told…

Why Amazon Marketplace didn’t survive in China

[ad_1] China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for…

Cramer’s lightning round: I like Nucor over Cleveland-Cliffs

[ad_1] Organon & Co: “I do not understand why this stock sells at five times earnings.” Barrick Gold Corp: “I think the stock is breaking out here. … What the…

Stocks making the biggest moves premarket: Goldman, Pfizer, Cheesecake Factory, Alibaba and more

[ad_1] A Cheesecake Factory restaurant in Louisville, Kentucky. Andy Lyons | Getty Images Check out the companies making the biggest moves midday: Goldman Sachs — The bank slid more than…

Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more

[ad_1] Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it…

FTX’s venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show

[ad_1] FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on December 22, 2022. Ed Jones | Afp | Getty Images It wasn’t just Tom…

Here are Monday’s biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more

[ad_1] Here are Monday’s biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it’s concerned about disappointing iPhone revenues for Apple. “We believe that iPhone revenues…

Goldman Sachs adds Alibaba to conviction buy list, says shares can rise more than 25%

[ad_1] The outlook for Alibaba has improved in 2023 as China reopens, according to Goldman Sachs. Analyst Ronald Keung added the stock to his conviction buy list, saying Alibaba is…