Carvana, SoFi, Alibaba, Tesla, and More Stock Market Movers

Text size Carvana stock was surging Monday. MARK RALSTON/AFP/Getty Images Stocks were falling Monday as investors traded cautiously ahead of the Federal Reserve’s decision on interest rates this week and earnings from some of the world’s largest technology companies. These stocks were making moves Monday: Carvana (CVNA) stock surged 36% Monday after jumping nearly 20% … Read more

Didi Wins Okay To Relaunch Apps As China Tech Crackdown Ebbs

The return of Didi’s apps would be a milestone in Beijing’s preparations to loosen its grip on the country’s giant internet sector. Guo Shuqing, party secretary of the People’s Bank of China, said this month the regulatory overhaul was drawing to a close. That, coupled with a post-Covid Zero reopening and thawing tensions with the … Read more

Alibaba Shares Rise After Jack Ma Cedes Control of Ant Group

By Bingyan Wang Shares of Alibaba Group Holdings are higher following news that co-founder Jack Ma is ceding control of affiliate company Ant Group Co., potentially paving the way to revive plans for an initial public offering by the fintech giant. Alibaba’s Hong Kong-listed shares advanced as much as 8.3% in early trade Monday, widening … Read more

Jack Ma Cedes Control of Fintech Giant Ant Group

Jack Ma Cedes Control of Fintech Giant Ant Group

Billionaire Jack Ma Is Giving Up Control of Ant Group

Jack Ma, chairman of Alibaba Group Holding Ltd., speaks during a Bloomberg Television interview on the sidelines of the Xin Philanthropy Conference in Hangzhou, China, on Wednesday, Sept. 5, 2018. Ma said he is dedicating more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on … Read more

Tesla, Apple, Rivian, Alibaba, and More Stock Market Movers Wednesday

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/tesla-apple-rivian-alibaba-stock-market-movers-51672761738 Updated Jan. 4, 2023 5:22 am ET / Original Jan. 4, 2023 4:26 am ET Order Reprints Print Article

U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more

Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results.

Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more

India Probing MG Motor as Scrutiny on Chinese Firms Widens

An MG badge is displayed on an MG Hector sports utility vehicle (SUV) during the vehicle’s launch at the Morris Garages flagship showroom in Gurugram, Haryana, India, on Thursday, June 27, 2019. The launch of the Hector from the iconic brand MG, now owned by Chinese giant SAIC Motor Corp., marks the first Chinese entrant … Read more

Chinese Stocks Stagnant After Monday’s Plunge

Chinese stock markets Tuesday continued to trade around Monday’s lows when they plunged after President Xi Jinping received a further five-year term as leader of China. Hong Kong’s Hang Seng Index closed down 0.1% on Tuesday after dropping more than 6% to a new 13-year low on Monday. On the mainland the Shanghai Composite Index … Read more