- Alibaba's core profit plunges 84% even as AI and cloud growth accelerate
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
- Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn't help consumers and could harm roads.
- China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
The tech giant reported its first-quarter 2026 earnings on Wednesday.
- Kool-Aid to launch electrolyte packets with no artificial dyes as part of Kraft Heinz makeover
Parent company Kraft Heinz is trying to reverse slumping sales by modernizing many of its legacy brands.
- Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble
A recent tie-up between Jeep maker Stellantis and China's Leapmotor is seen as a watershed moment for the future of European carmaking.
- SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment in OpenAI.
- BYD says ‘flash charging’ tech will help its EVs compete with petrol models
Chinese group’s technology allows electric vehicles to be charged in as little as five minutes
- BYD says ‘flash charging’ tech will help its EVs compete with petrol models
Chinese group’s technology allows electric vehicles to be charged in as little as five minutes
- Jamie Dimon warns JP Morgan may rethink new London office if 'very smart' Starmer is ousted as UK PM
Starmer's leadership is under pressure, sparking concern in the bond market.
- CNBC's UK Exchange newsletter: Starmer’s EU push faces a harsh political reality
U.K. Prime Minister Keir Starmer has alighted on resetting relations with Europe as a way of reviving his flagging popularity.
- Iran war, AI spending could push Bitcoin back to $126K this year: Hayes
Arthur Hayes said military spending and the possible prioritization of infrastructure investment by US allies over trading US Treasurys and equities will lead to further fiat printing and benefit crypto.
- JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan’s filing comes nearly three weeks after rival investment bank Morgan Stanley launched its own money market fund, the Stablecoin Reserves Portfolio.
- DTCC to use Chainlink to power 24/7 collateral management network
The world’s largest post-trade infrastructure provider will integrate Chainlink technology into its tokenized collateral platform ahead of a Q4 2026 launch.
- Bitcoin digests highest US CPI since 2023 as Fed rate hike woes return
Bitcoin showed fresh signs of volatility as US CPI inflation saw new multiyear highs on oil price hikes thanks to the US-Iran war.
- LMAX Group launches digital asset collateral solution for institutions
The new portal lets LMAX clients deposit digital assets into custody and use them as collateral to trade FX, metals, CFDs, perpetual futures and crypto.
- Exodus sells over 1,000 Bitcoin as Q1 loss widens to $32M
Exodus Movement reported a $32.1 million net loss in Q1, with revenue down 36.8% to $22.7 million amid a drop in monthly active users.
- Bitcoin whale 'still short' BTC despite facing $13M in losses
A growing cluster of bearish indicators points to a possible Bitcoin pullback toward $71,000, potentially easing the whale’s $13 million net losses.
- Bitcoin may avoid historic bear market losses as ETF flows grow, says analyst
The current Bitcoin bear market drawdown is far smaller than previous bear markets, as steady ETF inflows and corporate Bitcoin buying continue to absorb selling pressure.
- Four signs that Bitcoin has recovered to ‘full’ bullish momentum
Expanding Bitcoin price momentum, recovering liquidity and surging network activity all point to continued bullish control.
- Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
- At least eight killed in Israeli drone strikes on highway south of Beirut
There were three strikes on cars on the highway in Jiyeh and the dead included two children.
- The class politics of modern outbreaks
The MV Hondius hantavirus scare revived debates about luxury travel, public health and unequal vulnerability to disease.
- Series of tremors near Tehran renews concerns over major quake risk
The tremors have been felt in an area close to the Mosha fault, one of Iran’s most active seismic zones.
- UN resolution calls for freedom of navigation in the Strait of Hormuz
UN resolution calls for freedom of navigation in the Strait of Hormuz
- Jason Collins, first openly gay active NBA player, dies after cancer battle
The 213cm centre, who publicly came out as gay in 2013, had been battling a brain tumour.
- How Silicon Valley giants are turning into war contractors
Palantir, Anduril, Google and other tech giants are selling AI-powered, computer-guided weapons systems.
- Messi doubles MLS base salary to make $28m a year at Inter Miami
Miami and Argentina player earns more than twice as much as the second-highest-paid player in Major League Soccer.
- China’s Xi expected to press Trump on Taiwan, tariffs during summit
Chinese President Xi Jinping likely to seek concessions on arms sales to Taiwan, analysts say.
- Iran war day 75: Trump-Xi talks loom in Beijing as tensions rise in Gulf
Trump heads to Beijing for high-stakes talks with Xi Jinping as tensions over the Iran war continue to escalate.
- Wembanyama returns, Spurs rout Wolves for 3-2 lead in NBA Playoff series
Wembanyama scores 27 points on return from ejection as San Antonio Spurs beat Minnesota Timberwolves 126-97 in Game 5.