Alibaba Stock Jumps on Apple AI Partnership in China
Shares of the Chinese tech giant surged after the company confirmed its Qwen AI model will be integrated into Apple Intelligence for users in China, following regulatory approval.
Latest by Marcus Chen
Goldman Sachs Lawyer Kathryn Ruemmler to Testify Before Congress on Epstein Ties
Kathryn Ruemmler, a senior counsel at Goldman Sachs, is scheduled to appear before a House committee to answer questions about her past communications and relationship with the late convicted sex offender Jeffrey Epstein.
Tarsier Pharma Files for NYSE IPO, Aims to Raise $50 Million
The pharmaceutical company plans to list on the New York Stock Exchange under the ticker 'TARX', offering 5.56 million shares with an expected price range of $8.00 to $10.00 per share.
PayPal Surges on $53 Billion Takeover Report, Lifting Market Sentiment
PayPal shares soared in premarket trading following reports of a joint takeover offer from Stripe and Advent International, while investors monitored a fresh wave of corporate earnings and awaited key inflation data.
Netflix Faces Investor Scrutiny on Engagement and Growth Ahead of Q2 Earnings
Netflix is set to report its second-quarter results this week, with investors closely watching for a viable long-term growth strategy as user engagement falters and the ad-supported tier's performance comes under pressure.
Johnson & Johnson Beats Q2 Estimates, Raises Guidance on Strong Drug Sales
The healthcare giant reported second-quarter revenue and profit that topped Wall Street expectations, driven by surging demand for its immunology drug Tremfya, which offset weakness in its medical technology unit.
Indian Benchmarks Edge Higher as Cement and Insurance Stocks Outperform
India's Nifty 50 and BSE Sensex posted modest gains on Wednesday, buoyed by strength in sectors like capital goods and consumer durables, while volatility eased.
Edenred Named Top Pick Over Pluxee by Morgan Stanley on Clearer Recovery Outlook
Morgan Stanley raised its price target for Edenred while cutting its target for Pluxee, citing Edenred's diversified business model and a more straightforward recovery path as key advantages in the employee benefits sector.
BNY Mellon Boosts 2026 Revenue Forecast After Record Q2 Results
The custody banking giant now expects full-year revenue growth of 10% to 11%, well above analyst estimates, driven by surging interest income and fee revenue from buoyant equity markets.