Alibaba’s stock slips as a big drop in net income overshadows AI progress
While Alibaba’s cloud and AI units delivered another quarter of triple-digit growth, the company’s costly pivot to rapid e-commerce delivery led to an earnings miss.…
Category: MarketWatch
Global oil prices briefly tops $119 a barrel after Trump threatens to ‘blow up’ the world’s largest gas field
Global oil prices are back near their highest levels in nearly four years Thursday after Iran targeted energy production in the Gulf region. View Source…
HSBC’s CFO said the bank would turn to AI to cut costs. Now the bank is reportedly consider 20,000 job cuts.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.” View Source Steve…
Rivian’s stock is popping as the EV maker becomes the latest to partner with Uber
Uber plans to invest as much as $1.25 billion in the EV maker as they partner on robotaxis. View Source Emily Bary MarketWatch.com – Top…
A research firm’s ‘obituary’ for software stocks vaporized billions. Here’s the part the market is finally admitting.
The Citrini selloff wasn’t panic — it was an X-ray. The ‘smart money’ is quietly exiting tech sectors AI is disrupting. View Source Charlie Garcia…
State Street strategist still sees three rate cuts in 2026. The market expects zero.
A strategist at State Street Bank said he was surprised that the market doesn’t expect the Federal Reserve to cut interest rates — and is…
A record 111 million Americans can’t pay their credit-card bills in full
Most credit-card holders are inching closer to maxing out their credit lines, according to researchers at The Century Foundation and Protect Borrowers. View Source Andrew…
‘Epic Fury’ has already canceled out Big Beautiful Bill’s tax refunds — even if the Iran war ended today
A group of Stanford economists pit tax refunds versus rising gasoline prices — and the results aren’t good for American households. View Source Steve Goldstein…
Here’s why stocks haven’t fallen harder due to the Iran war
There are a few under-the-surface factors that are supporting the stock market. View Source Gordon Gottsegen MarketWatch.com – Top Stories March 19, 2026 4:00 am
HSBC’s CFO just said the bank would turn to AI to cut costs. Now the bank is reported to consider 20,000 job cuts.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.” View Source Steve…