Robert Way Alibaba ( BABA ) said its AI app Qwen has generated over 120M orders from consumers over the past six days, from Feb. 6 to Feb. 11. Alibaba said in a blog post that since Feb. 6, it has upgraded the Qwen App by integrating Freshippo — the company's new retail platform for groceries and fresh goods — its business-to-consumer online grocery arm Tmall Supermarket, and entertainment ticketi...
Robert Way Alibaba ( BABA ) said its AI app Qwen has generated over 120M orders from consumers over the past six days, from Feb. 6 to Feb. 11. Alibaba said in a blog post that since Feb. 6, it has upgraded the Qwen App by integrating Freshippo — the company's new retail platform for groceries and fresh goods — its business-to-consumer online grocery arm Tmall Supermarket, and entertainment ticketing platform Damai. This move allows consumers to order food and beverages, book flights, and buy movie tickets all through the Qwen app while enjoying significant incentives during the Chinese New Year holiday. Qwen App has ranked number one on the Apple App Store’s free apps chart in China for the past six consecutive days, according to the company. Alibaba is offering a free shopping voucher worth 25 yuan (about $3.60) to every user of its Qwen app, which enables consumers to buy food, drinks, and groceries online. In addition, the Qwen app is offering digital red envelopes containing random amounts of money to users, allowing them to win up to 2,888 yuan in cash, The Information reported . The company intends to spend around 3B yuan (about $431M) in total on Qwen’s overall holiday giveaway campaign. Competitors ByteDance ( BDNCE ) and Tencent ( TCEHY ) ( TCTZF ) have all started offering giveaways and other incentives to promote their AI chatbot apps ahead of the Lunar New Year this month. ByteDance and Tencent have unveiled similar campaigns with red envelopes and other promotions. More on Alibaba Alibaba: Brace For Dip After Exceptional Price Performance YTD (Rating Downgrade) Alibaba Qwen Upgrade: The Market Can No Longer Ignore This AI Catalyst Alibaba: H200 Provides A Massive Growth Catalyst Alibaba to spend $431M for Lunar New Year AI push Alibaba joins hands with China's Zelos for $2B robovan business - report
China has bought some Venezuelan oil that was bought earlier by the US, according to Energy Secretary Chris Wright. “China has already bought some of the crude that’s been sold by the US government,” Wright told the media in Caracas, without giving details. “Legitimate Chinese business deals under legitimate business conditions” would be fine, he said, when asked about possible joint ventures in t...
China has bought some Venezuelan oil that was bought earlier by the US, according to Energy Secretary Chris Wright. “China has already bought some of the crude that’s been sold by the US government,” Wright told the media in Caracas, without giving details. “Legitimate Chinese business deals under legitimate business conditions” would be fine, he said, when asked about possible joint ventures in the country. China’s Foreign Ministry spokesman Lin Jian said he wasn’t familiar with Wright’s...
American clips gate but given welcome surprise US teammates witness event at end of course Olympic downhill champion Breezy Johnson didn’t add to her medal haul during the women’s super-G on Thursday, but she left Tofane with something precious anyway: an engagement ring. Johnson, who won gold on Sunday in the downhill , crashed out of the super-G after she clipped a gate with one of her poles, se...
American clips gate but given welcome surprise US teammates witness event at end of course Olympic downhill champion Breezy Johnson didn’t add to her medal haul during the women’s super-G on Thursday, but she left Tofane with something precious anyway: an engagement ring. Johnson, who won gold on Sunday in the downhill , crashed out of the super-G after she clipped a gate with one of her poles, sending her tumbling into the safety fence. However, there was some consolation: her boyfriend, Connor Watkins, proposed to her near the finish line. Surrounded by members of the US Ski Team, Johnson said “Yes!” and the two embraced. Continue reading...
Bitcoin at its lows this month was down more than 50% from its high reached late last year. It has since bounced a bit, but investors shouldn't heave a sigh of relief just yet — there is likely more downside ahead, according to Wolfe Research. Since 2012, the average peak-to-trough drawdown during each four-year bitcoin bear market cycle has been 75%, they noted, adding that bitcoin hasn't come cl...
Bitcoin at its lows this month was down more than 50% from its high reached late last year. It has since bounced a bit, but investors shouldn't heave a sigh of relief just yet — there is likely more downside ahead, according to Wolfe Research. Since 2012, the average peak-to-trough drawdown during each four-year bitcoin bear market cycle has been 75%, they noted, adding that bitcoin hasn't come close to falling that far this cycle. BTC.CM= ALL mountain Bitcoin, long term "What does signal danger is the average drawdown of each cycle," analyst Rob Ginsberg said in the note. "We briefly reached 50% last week before bouncing, but should history repeat, 75% would imply we get close to $30k." Bitcoin gets battered Bitcoin tanked to a 16-month low of $60,062 on February 5, down from its its record high of $126,000 reached last October. It bounced back 15% to about $72,000 the following day, but the momentum behind that rally soon faded . The flagship cryptocurrency has largely remained in the range of $66,000 and $72,000 this week. It was last trading at $67,991, up 7% over the last five days. However, the market conditions that drove down bitcoin are still in play, and macroeconomic and political tailwinds that might lift the asset out of the red are unlikely to materialize anytime soon, according to Wolfe Research. "The same forces at play that drove us here initially remain in place and we don't foresee any changes from a macro, sentiment or legislative perspective that are going to suddenly turn the tide," Ginsberg wrote. Renewed efforts to create a legislative framework for digital assets have faced resistance on the Hill, despite picking up modestly last week, adding to doubts that a crypto market structure bill could become law this year — a fact that is bearish for bitcoin. Meanwhile, geopolitical and economic tensions remain high, putting pressure on risk-on assets such as bitcoin and equities. "The dust may have settled…for now, but we would be hard pressed to t...
Applications for US unemployment benefits decreased by 5,000 to 227,000 in the week ended Feb. 7, following a surge during severe winter weather in the previous period. Enda Curran reports on Bloomberg Television. (Source: Bloomberg)
Applications for US unemployment benefits decreased by 5,000 to 227,000 in the week ended Feb. 7, following a surge during severe winter weather in the previous period. Enda Curran reports on Bloomberg Television. (Source: Bloomberg)
This artificial intelligence (AI) stock fell hard following its latest quarterly report, giving savvy investors a great opportunity to buy before it starts soaring.
This artificial intelligence (AI) stock fell hard following its latest quarterly report, giving savvy investors a great opportunity to buy before it starts soaring.
primeimages/E+ via Getty Images The following segment was excerpted from the Artisan Value Fund Q4 2025 Commentary. The portfolio outperformed the Russell 1000® Value Index in Q4. For the year, the portfolio participated strongly, returning 14.28% (investor share), but trailed the index's 15.91% return. Taking a longer perspective—over 3-, 5- and 10-year time frames—the portfolio has generated pos...
primeimages/E+ via Getty Images The following segment was excerpted from the Artisan Value Fund Q4 2025 Commentary. The portfolio outperformed the Russell 1000® Value Index in Q4. For the year, the portfolio participated strongly, returning 14.28% (investor share), but trailed the index's 15.91% return. Taking a longer perspective—over 3-, 5- and 10-year time frames—the portfolio has generated positive excess returns. In Q4, sector allocation meaningfully contributed to relative performance, owing to an above-benchmark weighting in information technology and a lack of real estate and utilities holdings. We added two new names in Q4: Airbnb ( ABNB ) and Union Pacific ( UNP ). Our only sale was Fiserv ( FISV ). Airbnb is an online marketplace for lodging, connecting hosts with travelers globally. Airbnb's stock has been under pressure due to moderating growth expectations, especially as the US is no longer in hyper-growth mode, concerns about a stretched consumer, tough comparisons following the Paris Olympics, and skepticism around newer initiatives such as experiences and services. Some investors also fear AI-driven disintermediation, despite limited evidence. Airbnb is a category creator with exceptional brand strength—~90% of bookings are direct and unaided. Its global, hyper-local marketplace benefits from a powerful supply-demand flywheel, deep review history and trusted customer service. Ongoing quality initiatives have improved guest satisfaction and reinforced the moat, while expansion in international markets and major global events support long-term growth. Airbnb's business economics and financial strength are well above average. The company operates an asset-light model, with high gross margins, high returns on invested capital and strong free cash flow. Airbnb has a large net cash position, earns meaningful interest income on its float and has steadily reduced dilution while aggressively repurchasing shares. At current levels, expectations embed conserva...
Nebius Group (NASDAQ: NBIS) is scaling AI infrastructure at breakneck speed as demand from Microsoft (NASDAQ: MSFT), Meta (NASDAQ: META), and others overwhelms supply. If execution stays on track, revenue growth could be explosive, but delays or dilution could change the story fa
Nebius Group (NASDAQ: NBIS) is scaling AI infrastructure at breakneck speed as demand from Microsoft (NASDAQ: MSFT), Meta (NASDAQ: META), and others overwhelms supply. If execution stays on track, revenue growth could be explosive, but delays or dilution could change the story fa
A pilot scheme in Brooklyn is giving businesses batteries to form an electricity storage network – part of a growing number of innovative DIY energy ideas around the world In the back of Black Seed Bagels in northern Brooklyn is a giant catering kitchen filled with industrial-size condiments and freezers full of dough. A tall, silver electric oven, named the Baconator, stands in a far corner, cook...
A pilot scheme in Brooklyn is giving businesses batteries to form an electricity storage network – part of a growing number of innovative DIY energy ideas around the world In the back of Black Seed Bagels in northern Brooklyn is a giant catering kitchen filled with industrial-size condiments and freezers full of dough. A tall, silver electric oven, named the Baconator, stands in a far corner, cooking thousands of pounds of meat every week to accompany Black Seed’s hand-rolled, wood-fired bagels. The Baconator is connected to a battery the size of a carry-on suitcase, which is plugged into the wall. Continue reading...