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FINANCIAL NEWS
Alibaba to split empire into 6 groups in largest organizational shift

In the most significant structural overhaul in Alibaba's history, the Chinese e-commerce giant on Tuesday said it would split its $220 billion empire into six business groups, each able to raise outside funding and go public.

Tesla witnesses surging sales in Australia; remains top EV brand

In a sign that one of the developed world's most reluctant adopters of electric vehicles is finally shifting, there has been a noticeable increase in Teslas on Australian roads in recent months. 

Nio shares surge amid CFO's strong confidence in 250K sales target

According to Chief Financial Officer Steven Feng, Nio Inc. is "very confident" of meeting its target of doubling sales to 250,000 electric vehicles in 2023, prompting shares of the Chinese electric vehicle maker to surge in Hong Kong.

Baidu shares soar after Enie Bot receives high praise from analysts

On Friday, Baidu Inc. experienced a surge of over 14% after various brokerages, including Citigroup, tested the company's recently revealed ChatGPT-like service and granted it provisional approval.

Adobe raises outlook following solid earings release, share climb

After Adobe posted quarterly earnings that topped its own guidance and Street estimates, shares of the content development and marketing software company rallied in late trading Wednesday.

Google brings generative AI to Gmail and Docs, more features to come

On Tuesday, Google introduced features that will let users create text in Gmail and Docs using the company's AI technology as the company battles for dominance in the burgeoning field with rivals like Microsoft Corp and OpenAI.

Meta announces more layoffs, to slash thousands of jobs and open positions

Warning that economic instability may continue for "many years," Meta CEO Mark Zuckerberg announced Tuesday the company would lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion.

Oracle's latest earnings results fail to meet expectations, shares drop

After enterprise tech giant Oracle reported financial results for its 2023 fiscal third quarter that failed to meet expectations for higher growth, the stock dropped nearly 5% in after-hours trading Thursday.

Microsoft address Sony's concerns over Activision Blizzard deal

Sony Group Corp. laid out more concerns to the UK's antitrust watchdog about Microsoft Corp.'s planned acquisition of Activision Blizzard, now suggesting that Microsoft could kneecap (although unintentionally) the performance and quality of "Call of Duty" on PlayStation, with fans moving over to Xbox.

Demand for Apple's iPhones return to China, says Wedbush analyst

Longtime Apple bull and Wedbush analyst, Dan Ives, increased his price target on Apple stock from $180 to $190 and maintained his Outperform rating, noting Beijing rolling back the country's strict zero-Covid-19 lockdown policy earlier that month.

Salesforce jumps on AI bandwagon, adds ''Einstein GPT'' into software

Salesforce, the global leader in CRM, has been toying with artificial intelligence software for years. Now, the software giant is jumping on the AI bandwagon as it joins chatbot pioneer Open AI to provide "generative" AI tools across its software business.

Snap shares surge on US lawmaker initiatives to ban TikTok

Snap Inc. shares rose sharply on Monday as lawmaker initiatives to ban TikTok appeared to be gaining momentum in the US.

C3.ai jumps 31.5% on upbeat earings and continued popularity in AI

In trading on Friday, shares of C3.ai jumped as much as 31.5% after the company reported financial results for its 2023 fiscal third quarter, which beat across the board.

Broadcom predicts robust network revenue growth amid increasing AI investments

In a deteriorating economy, where consumer and enterprise spending is declining, Broadcom Inc. "predicted a soft landing" as increased investments in artificial intelligence spur demand for its chips used in data centers.

Salesforce sees profitability rising, potentially easing pressure from activist investors

Potentially easing the pressure from a team of activist investors, Salesforce Inc. gave a surprisingly upbeat forecast for the coming year and plans to step up stock buybacks.

Rivian reports mixed earnings, issues another recall for electric trucks

While earnings season has essentially come to an end, after the bell on Tuesday, Rivian Automotive Inc. reported mixed fourth-quarter earnings and a lackluster production outlook that fell short of Wall Street's expectations

MARKET ANALYSIS: How to capitalize on the breakthrough of AI?

In the past two months, you may not have been able to escape it either. AI had a major breakthrough into most living rooms through the popular chatbot ChatGPT, which was launched as a free service by start-up OpenAI on November 30. The speed of its adoption was particularly amazing and came as a surprise to most investors. With most of the big names in the technology sector all pulling the AI card, it might be interesting to take a moment to consider the potential opportunities this new revolution brings.

Zoom shares surge 8% on AI comments and upbeat earnings guidance

On Monday, shares of Zoom Video Communications jumped 8% in extended trading after the company said it would integrate more artificial intelligence into its products and offered optimistic earnings guidance ahead of Wall Street expectations.

Stellantis unveils a buyback and dividend distribution following strong results

In a year of a steep rise in electric-vehicle sales, Stellantis NV unveiled a buyback of as much as $1.6 billion and its plans to distribute $4.47 billion in dividends to shareholders following solid results.

Meta rolls out paid verification service for Facebook and Instagram

On Sunday, Meta announced it is rolling out a new paid verification service called Meta Verified, offering a handful of additional perks and features, including account verification badges for those who pay.

Roblox shares surge the most in nine months on solid earnings

Shares of video game platform Roblox climbed a staggering 26% on Wednesday, the most in nine months after the company reported bookings that topped estimates, fueled by a boom in playtime over the holiday season and a climb in active users.

Shopify's sales outlook comes in short of expectations, shares drop

After giving a sales outlook for the beginning of the year that fell short of analysts' expectations, Shopify Inc. shares headed about 11% lower in after-hours Wednesday.

STOCK ANALYSIS: Did Intuit Inc's stock price tank too much in 2022?

Intuit Inc (INTU)'s share price had to slump by a whopping 39.22% over the past year, partly due to the generally declining tenor within the technology sector. But what is going on under the surface of this stock?

Amazon's robotaxi unit, Zoox succesfully test self-driving on public roads

On Monday, Amazon saw its shares climb after the company reported the successful test of its autonomous vehicle unit Zoox, now driving on public roads in California with passengers on board.

Apple sales plunge amid production woes, but worst is over

Citing manufacturing disruptions in China and a softening economy that hurt iPhone sales, Apple reported its worst December quarter performance in four years on Thursday.

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