Today: 29 April 2026
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NASDAQ:BABA 28 June 2025 - 8 February 2026

Alibaba stock ends skid after Friday jump as Qwen giveaway hits glitches and earnings near

Alibaba stock ends skid after Friday jump as Qwen giveaway hits glitches and earnings near

Alibaba’s U.S.-listed shares rose 3% to $162.51 Friday, ending a six-session losing streak as tech stocks rebounded. The company’s Qwen app topped China’s Apple App Store after a 3 billion yuan Lunar New Year giveaway, but surging demand caused outages and WeChat blocked QR-code sharing. Alibaba’s next quarterly report is due Feb. 19 before the U.S. market opens.
Alibaba stock slips into Monday: China PMI shock and AI chip access are the next tests

Alibaba stock slips into Monday: China PMI shock and AI chip access are the next tests

Alibaba’s U.S.-listed shares fell 2.7% to $169.56 Friday, with trading volume near 10.8 million. The drop followed weaker-than-expected Chinese manufacturing and services data, which renewed concerns about domestic demand. The Nasdaq lost 0.94% and the S&P 500 slipped 0.43%. Investors are watching for China’s upcoming economic data and Alibaba’s Feb. 19 earnings.
Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

The Hang Seng Index closed down 0.29% in Hong Kong on Friday, pressured by losses in shipping, casino, and healthcare stocks. Ctrip shares plunged 19% the previous day after news of a China antitrust probe, rattling investors. Semiconductor stocks rose, with Hua Hong Semiconductor up 7.39%. Mainland investors sold about HK$600 million in Hong Kong shares via Stock Connect.
Alibaba (BABA) Stock on 13 November 2025: Qwen AI App Revamp, Singles’ Day Signals and Big-Money Flows

Alibaba (BABA) Stock: 10 Things to Know Before the Market Opens on November 17, 2025

Alibaba’s U.S.-listed shares fell to around $153–154 after a White House memo alleged the company provided tech support and data to China’s military, claims Alibaba denies. The stock is down sharply from its recent near-$190 high. Earnings are due before the U.S. market opens on November 25. Investors are watching for fallout from national-security concerns and weaker Chinese consumer data.
16 November 2025
AI News Roundup – June 28, 2025

AI News Roundup – June 28, 2025

Meta hired OpenAI researcher Trapit Bansal and bought a 49% stake in Scale AI, valued at nearly $15 billion, while securing 1.1 GW of nuclear power for future AI data centers. Amazon’s stock nearly doubled in three years as AWS holds about 30% of the global cloud market. U.S. Judge Alsup ruled AI training on copyrighted books can be fair use, but Anthropic faces trial in December over alleged use of pirate copies.

Stock Market Today

  • Regeneron Q1 2026 Earnings Beat Revenue and Profit Estimates
    April 29, 2026, 8:23 AM EDT. Biotech firm Regeneron (NASDAQ:REGN) reported Q1 CY2026 revenue of $3.61 billion, up 19% year-on-year, surpassing analyst estimates by 3.8%. Adjusted earnings per share (EPS) came in at $9.47, 6.4% above consensus. Despite beating sales and profit expectations, operating income dropped to $642.9 million, missing estimates by 32.4%, with margins shrinking to 17.8%. The company's free cash flow margin also narrowed to 23.5%. CEO Leonard Schleifer highlighted strong double-digit growth while advancing a pipeline of nearly 50 clinical candidates. Regeneron's five-year annualized revenue growth stands at 10.2%, though the recent two-year trend slowed to 6.7%. Analysts forecast a 9.5% revenue rise in the next 12 months, signaling cautious optimism for sustained growth in this competitive biotech sector.

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Gas Prices Hit $4.23 as Iran Oil Shock Reaches U.S. Pumps

Gas Prices Hit $4.23 as Iran Oil Shock Reaches U.S. Pumps

29 April 2026
U.S. average gasoline prices rose to $4.229 a gallon Wednesday, up 21 cents from a week ago, AAA reported. Brent crude climbed above $114 as traders reacted to ongoing disruptions near Iran and the Strait of Hormuz. Refineries in the Midwest faced outages, tightening supply. The Federal Reserve is expected to hold rates steady as officials monitor energy-driven inflation.
KPMG’s $60 Million Pentagon Contract Loss Ends Its U.S. Federal Audit Run

KPMG’s $60 Million Pentagon Contract Loss Ends Its U.S. Federal Audit Run

29 April 2026
KPMG will close its U.S. federal government audit business and reassign over 450 staff after losing a $60 million annual Pentagon contract, the Financial Times reported. The firm had audited the Army for nearly a decade, with its latest contract rising to $64 million a year. The Pentagon is shifting to consolidated audits and aims for a clean audit by 2028. KPMG expects to exit federal audit work by 2030.
Seagate Stock Surges as AI Storage Demand Gives Wall Street a Fresh Signal

Seagate Stock Surges as AI Storage Demand Gives Wall Street a Fresh Signal

29 April 2026
Seagate forecast fourth-quarter revenue of $3.45 billion and adjusted earnings of $5.00 per share, both above Wall Street estimates. Shares jumped nearly 18% in premarket trading, lifting Western Digital, SanDisk, and Micron. Third-quarter revenue rose to $3.11 billion from $2.16 billion a year earlier, with data-center exabyte shipments up 47%.
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