Stock markets
Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost
Key Points Alibaba, Tencent and JD.com reported earnings this week that reflected improving Chinese consumer spending, and the growing benefits of artificial intelligence in advertising. “The e-commerce and ad revenues were positive surprises as there were expectations tariffs would affect consumer behavior,” said Kai Wang, Asia equity market strategist at Morningstar. However, a Morgan Stanley […]
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Stocks making the biggest moves after hours: Applied Materials, Take-Two Interactive, Cava and more
Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the […]
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Stocks making the biggest moves midday: Coinbase, UnitedHealth, Dick’s Sporting Goods, Boot Barn and more
Check out the companies making headlines in midday trading. Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 […]
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Stocks making the biggest moves premarket: Walmart, Dick’s Sporting Goods, UnitedHealth, Alibaba and more
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus […]
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Key AI hub China restricts schoolchildren’s use of the tech
Key Points China is restricting how much children can use generative artificial intelligence in schools, according to a local release citing the Ministry of Education. Primary school students are prohibited from using unrestricted generative AI tools on their own, although an instructor may use the tech to assist in teaching, according to the local government […]
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S&P 500 futures slip after index posts third consecutive winning day: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 14, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters S&P 500 futures slipped in overnight trading after the broad market index strung together a third consecutive advance in reaction to the Trump administration and China hammering out a […]
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Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession
Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we can go back toward the lows which is 10%, 15% [from here] so it’s not a calamity,” the founder of […]
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Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old
Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. David A. Grogen | CNBC Age isn’t just a number for Warren Buffett after all. The 94-year-old investment legend recently surprised shareholders by announcing his intention to step down as Berkshire Hathaway CEO after an epic […]
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Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove
Jakub Porzycki | Nurphoto | Getty Images Nvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery. The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally […]
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Rising hedge fund stars at Sohn give their top investment ideas, including one that can rally nearly 50%
A handful of hedge fund founders took the stage Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. The conference — one of the most anticipated hedge fund events of the year — kicked off with “Next Wave Sohn,” a session that features ideas from leaders in the […]
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