Finance

Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending

Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending

Eddie Wu (Bloomberg) — Alibaba Group Holding Ltd.’s shares surged to their highest in almost four years after it announced plans to ramp up spending on AI infrastructure to better compe...

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Bitcoin’s Slump Widens Safe Haven Divergence for Gold

Bitcoin’s Slump Widens Safe Haven Divergence for Gold

Gold’s uptrend amid Bitcoin’s downturn has driven a wedge between the two safe-haven assets, with experts noting that this increasing divergence is a result of macroeconomic uncertainty, which has...

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Democrat Wins Arizona House Seat, Setting Up Epstein Vote

Democrat Wins Arizona House Seat, Setting Up Epstein Vote

Adelita Grijalva (Bloomberg) — Democrat Adelita Grijalva won the special election for Arizona’s seventh district, The Associated Press projected, further narrowing the already razor-thi...

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Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

(Bloomberg) — Three years after OpenAI and Nvidia Corp. helped kick off the global artificial intelligence frenzy, the two firms are joining forces to pave the way for a more costly phase of...

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Accenture (ACN) Reports Q3 Results Tomorrow

Accenture (ACN) Reports Q3 Results Tomorrow

Global professional services company Accenture (NYSE:ACN) will be announcing earnings results this Thursday morning. Here’s what investors should know. Accenture beat analysts’ revenue expectation...

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