Economy

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly resultsboosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared 14.89%. “We expect the outlook for […]

U.S. President Donald Trump doesn’t appear to be concerned about Ukraine’s post-war future, the country’s former Foreign Minister Dmytro Kuleba told CNBC amid a rapid escalation of tensions between Kyiv and Washington this week. “I don’t think he cares. Okay, let me put it even simpler. I believe he doesn’t care. I believe he does […]

Production at the VW plant in Emden. Sina Schuldt | Picture Alliance | Getty Images The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides. As voters prepare to head to […]

Airbus could prioritize deliveries to its non-U.S. customers if tariffs disrupt the European plane maker’s imports stateside, CEO Guillaume Faury said Thursday. “We have a large demand from the rest of the world, so [if] we face very significant difficulties to deliver to the U.S., we can also adapt by bringing forward deliveries to other […]

Walmart shares fell more than 6% Thursday, as the big-box retailer said profit growth will slow this fiscal year even as sales continue to climb. Walmart said holiday-quarter revenue rose about 4% and e-commerce sales shot up 20% in the U.S., as growth in store pickup and home deliveries and gains with upper-income shoppers boosted […]

President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump said Wednesday on Air Force One. A drive to audit Fort Knox has gained steam from […]

Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba’s overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars in pent-up shareholder value. Bloomberg | […]

Brad Lightcap of OpenAI. Courtesy: OpenAI OpenAI appears to be growing quickly despite increasing competition. The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in Decemberthe company’s chief operating officer, Brad Lightcap, told CNBC. These numbers have not been previously reported. Lightcap pointed to the […]

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic’s founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty Images Iran on Friday elected its first “reformist” president in 20 years, signaling many voters’ rejection of hard-line conservative policies amid low turnout of just […]

U.S. President Joe Biden boards Air Force One at Dover Air Force Base in Dover, Delaware, U.S., June 20, 2024. Amanda Andrade-rhoades | Reuters President Joe Biden’s fundraising operation started showing cracks in its once formidable armor, almost 10 days after his disastrous presidential debate performance. Some of Biden’s campaign bundlers have stopped making calls […]