Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024. Nurphoto | Nurphoto | Getty Images Alibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45%…
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work. The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said. Until it wasn’t. “Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t…
Ron Howard’s “Eden” opens with a bold statement: “Fascism is spreading.” It’ll surely carry weight in modern society, but the phrase is referencing events from nearly a century ago. Based on a true story, “Eden” retraces what happened when a group of Europeans attempted to start anew on the remote island of Floreana, only to…
Forget the headlines about suspensions and show-cause penalties — Joel Klatt says the real hammer in the Michigan sign-stealing saga is financial, and it’s brutal. With fines that could eclipse $30 million, Klatt argues the NCAA has quietly delivered a blow that could be more severe than most fans and pundits realize. “If we talk…
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday following a four-day losing streak for the S&P 500 as tech names dragged the broader market lower. Futures on the Dow Jones Industrial Average were flat. S&P 500…
You can say this: Michael Angelo Covino and Kyle Marvin know how to start a movie. Their 2020 breakout film, “The Climb,” begins with two best friends on a bike ride just before Kyle (Marvin) is to be wed. Mid-climb, Mike (Covino) confesses he slept with the bride-to-be. In one long take, an argument on…
Two of MLB’s biggest brands entered the season with something to prove. The Yankees? Getting back to the World Series after last October’s humbling exit. The Red Sox? Reach the playoffs for the first time since 2021. But this season, these perennial powers are chasing instead of pacing the league, which has actually led to…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Another flurry of treacherous rotation roiled the tape, though by the closing hour the swirling currents were showing signs of slowing. The highest-momentum, most-expensive, most-crowded stocks — the sort that drove the Nasdaq-100…
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the…
NEW YORK — NEW YORK (AP) — “South Park” is continuing its cartoon assault on the Trump administration, with an episode on Wednesday that addresses the federal takeover of Washington, D.C.’s police department. A 20-second promo of this week’s episode released by Comedy Central depicts the show’s recurring character “Towelie” — an anthropomorphic towel —…
