Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half.
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Charlie Munger-linked Daily Journal cuts Alibaba stake in half
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European stocks set to open higher as ECB widely expected to cut interest rates
British fintech Wise to move primary listing to the U.S. in blow to London stock exchange The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing […]
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Shein and Temu see U.S. demand plunge on ‘de minimis’ trade loophole closure
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows. Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at […]
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South Korea’s new President Lee begins moves to tackle economic ‘crisis’
South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025. Ahn Young-joon | Via Reuters South Korea’s new President Lee Jae-myung held his first cabinet meeting on Thursday, focused on devising an emergency package to address stagnating economic growth and aid households, moving swiftly […]
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