AI

Alibaba shares fall as AI spending drives 75% drop in net income

Aug 20, 2026 - 06:55
 0  0
Alibaba shares fall as AI spending drives 75% drop in net income
Alibaba's U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0

Related Posts

Pope Leo XIV criticized AI-generated art during a meeting with artists and curators in Vatican City, saying the Church needs human creators to safeguard what is human and distinguish art from machine output.

Pope Leo XIV criticized AI-generated art during a meeti...

Oct 2, 2026  0  0

Men are losing ground in the U.S. labor market: Women outnumbered men in the workforce for eight straight months through September, according to an Indeed analysis of government data, the longest stretch since 2010.

Men are losing ground in the U.S. labor market: Women o...

Oct 2, 2026  0  0

Robotics startup FieldAI has raised $700 million at a $10 billion valuation, more than quadrupling its value in just over a year as investors back its general-purpose software for robots, drones and industrial machines.

Robotics startup FieldAI has raised $700 million at a $...

Oct 2, 2026  0  0

U.S. Treasury yields rose on Friday even after a weaker-than-expected September jobs report showed just 29,000 nonfarm payrolls added and unemployment at 4.2%, with the 10-year yield up 2 basis points to 5.26%.

U.S. Treasury yields rose on Friday even after a weaker...

Oct 2, 2026  0  0

American Airlines will roll out a slider bar in coming days that lets AAdvantage customers combine cash and miles at checkout for tickets, joining United and Delta in offering mixed-payment bookings.

American Airlines will roll out a slider bar in coming ...

Oct 2, 2026  0  0

CNBC reports that as companies compete harder for consumers’ attention, marketing is becoming an increasingly important tool for driving growth, with brands turning buzz into business.

CNBC reports that as companies compete harder for consu...

Oct 2, 2026  0  0