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News
Alibaba’s Profit Dives 75% After Amping Up AI Spending
3+ week, 3+ day ago (379+ words) (Bloomberg) -- Alibaba Group Holding Ltd.'s profit plunged more than 75% after China's e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown. Bessent Deploys Debt Buybacks in Sign of Concern Over Yield Rise China Sentences Evergrande's…...
GameStop's eBay stake is doing some heavy lifting for the company's bottom line.
1+ week, 5+ day ago (32+ words) Yahoo Finance Oops, something went wrong GameStop's eBay stake is doing some heavy lifting for the company's bottom line....
Walmart says its AI assistant, Sparky, is leading to customers spending 40% more than those who shop without it
2+ week, 4+ day ago (937+ words) At first glance, the Walmart [NASDAQ: WMT] C-suite should be living large, with the company sporting a massive $836 billion market cap and its quarterly revenues up to $187.9 billion. Yet that's not enough for Wall Street, which sent Walmart's share price…...
Bill Gates’ Daughter Under Fire Over Reported ‘Cookie Stuffing’ Scheme at Her E-Commerce Startup—What Is It?
4+ week, 1+ day ago (370+ words) Notably, the timeline contradicts a statement by Kianni and Gates to the publication on July 8 that they had only learned about the situation "within the last 24 hours" and blamed it on a software bug. Phia is positioned as a "personal…...
Walmart just made a major business move — and surprisingly, it has nothing to do with groceries
4+ week, 2+ day ago (338+ words) Walmart, best known for low prices on groceries and household goods, is expanding its reach beyond the storefront and into surprising new territory. The retail giant recently announced it completed its acquisition of Vibe.co, a self-service streaming TV advertising…...