Alibaba Stock News

Futures Rebound Strongly From Overnight Rout As Yields Stabilize After what earlier looked like another assured overnight rout, especially after 10Y yields hit 1.90% and Brent rose as high as $89/bbl, US equity futures reversed earlier losses to trade higher as earnings optimism outweighed concerns over soaring bond yields and a 50bps March rate hike. As of 7:00am ET, emini S&P futures were up 14 points ot 0.3% to 4,585, Nasdaq futures were up 65 points or 0.44% and Dow futures were also in the green by 89 points or 0.25%. The dollar slumped after several days of sharp gains, the 10Y yield traded at 1.8826%, down from the session''s highest levels, and Brent was at $88.23. The prospect of accelerated policy tightening as well as concerns over the omicron variant and inflation hurting companies profits have whipsawed equities this year. The surge in Treasury yields has fueled a rotation out of expensive technology and growth shares and into cheaper parts of the market. Meanwhile, the 10Y yield has continued its aggressive push higher overnight, and hit a fresh 2 year high, rising just above 1.90% for the first time since Jan 2020, before retracing some of the move.

US Gov''t Probes Alibaba''s Cloud Unit For National Security Risks Reuters reports the U.S. Commerce Department''s Office of Intelligence and Security is reviewing e-commerce giant Alibaba Group''s cloud business to decide whether U.S. citizens'' and businesses'' most sensitive personal information stored on a foreign adversary''s cloud network is a national security risk. Three people briefed on the matter told Reuters the Office of Intelligence and Security launched a probe on how U.S. citizens and companies store personal information and intellectual property abroad and whether the Chinese government could access the cloud to steal the sensitive information. Findings from the probe could eventually influence how personal information and intellectual property are stored abroad. According to one of the sources, there''s the very real possibility that Americans could be prohibited from using the service. Alibaba''s U.S. cloud business is tiny and wouldn''t significantly impact U.S. citizens and companies if there was a ban.

The U.S. government wonders: Is Alibaba''s cloud business a threat to U.S. national security?

The Biden administration has reportedly launched a probe of China-based e-commerce giant Alibabas cloud-computing unit over concerns it could pose a risk to national security.

HAIN dropped on preliminary Q2 figures and a new CFO. BABA fell on reports of a U.S. probe. EAT slipped on a downgrade. BLNK climbed on news of increased distribution.

News of a White House probe has BABA stock falling today. Here''s what you need to know about this data security investigation.

Alibaba (BABA) shares fell more than 4% on Tuesday after Reuters reported that the Biden administration was looking into the Chinese e-commerce firm …

Alibaba (BABA) shares slumped in Tuesday''s premarket after Reuters released a story saying that the Biden administration is probing the ecommerce gian

Startup Digest brings you a quick recap of all the news from the world of startups.

Tuesday''s top analyst upgrades and downgrades included Airbnb, Alibaba, ConocoPhillips, Corning, Honeywell, JPMorgan, Las Vegas Sands, Lennar, Melco Resorts, Mosaic, ONEOK, Sirius XM, Snowflake and Walt Disney.

These are the stocks posting the largest moves before the bell.

Some of the biggest Chinese tech firms are seeing investors boost their proportion of Hong Kong-traded shares away from American Depository Receipts, as tougher US regulatory oversight and elevated bilateral tensions darken the prospects for such firms on Wall Street.Nine Chinese firms that have a US primary listing and either secondary or dual primary-listed status in the Asian financial hub have seen increased proportion of Hong Kong shares in the past year, according to Bloombergs

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

Shares of U.S.-listed Chinese tech companies fell in Hong Kong on Friday, extending losses from the previous session and leading the benchmark Hang Seng Index lower. Whats Moving : Shares of Alibaba Group Holding Limited (NYSE: BABA ), Tencent Holdings Inc . (OTC: TCEHY ), Baidu Inc. (NASDAQ: BIDU ), JD.Com Inc. (NASDAQ: JD ) and Li Auto Inc. (NASDAQ: LI ) traded lower in a range of 1% to 4%, while Xpeng Inc. (NYSE: XPEV ) advanced almost 1%. The benchmark Hang Seng Index opened lower on Friday and was down 0.9% at Full story available on Benzinga.com

Daniel Och Doubles His Money On Nearly $200 Million Sale Of Central Park Penthouse Billionaire David Och likely just made one of the best "trades" of his career. The founder of Och-Ziff Capital Management just sold his Manhattan penthouse overlooking Central Park for about $95 million than he paid for it, according to a new report from The Wall Street Journal . The sale comes about 3 years after he purchased the apartment for about $93 million plus $2 million for a one bedroom unit on a lower floor, the report says. His four bedroom penthouse wasn''t listed and the buyer''s identity remains unknown. Och lives in Florida for tax purposes, but had been using the NYC pad as a pied-à-terre. With the nearly $100 million he will net from selling it, we''re sure he''ll be able to find another cozy spot to purchase when he visits NYC. Och also owns an apartment at nearby 15 Central Park West, the Journal said, which was listed for $57.5 million back in 2019 and was taken off the market about 5 months ago.