08.57 GMT Sadiq Khan says Labour should rejoin customs union and single market soon, and commit to full EU membership in manifesto Good morning. Shortly before the general election in 2024, Keir Starmer said he did not think the UK would rejoin the EU in his lifetime. (He is now 63.) At the time he was loath to say anything that implied the Brexit vote was a mistake. More recently, Labour has been...
08.57 GMT Sadiq Khan says Labour should rejoin customs union and single market soon, and commit to full EU membership in manifesto Good morning. Shortly before the general election in 2024, Keir Starmer said he did not think the UK would rejoin the EU in his lifetime. (He is now 63.) At the time he was loath to say anything that implied the Brexit vote was a mistake. More recently, Labour has been happy to talk about the economic damage done by the leave vote, and ministers want a closer relationship with the EU, but ruling out a customs union or single market membership remain firm red lines for Labour. And even more pro-EU parties, like the Liberal Democrats, are a bit vague about when full rejoining might be an option (not least because the last thing the Brussels probably wants is another half-decade of Brexit negotiations hell). But today Sadiq Khan, the mayor of London, is trying to shift the debate into a different space. In an interview with the Italian newspaper La Repubblica, he has said not just that rejoining would be good in principle (which is about as far as most pro-European Labour MPs are willing to go), but that Labour should commit to rejoining in its next election manifesto. He is also saying that Labour should join a customs union with the EU, and the single market, during this parliament – even though the 2024 manifesto ruled this out. He says: double quotation mark I see on a daily basis the damage Brexit has done to not just London, but Londoners, the damage economically, socially and culturally. And I’m quite clear in terms of what needs to happen, which is I do think we should join the European Union … So I think there should be a five-stage process in relation to this. Number one, we should reset relations with the EU, and that’s done. Tick. Number two, we should have closer alignment, and the chancellor this week has talked about closer alignment, sector by sector, and only diverge in exceptional circumstances. So we basically have to tak...
HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal third-quarter profit of $2.33 billion. The Hong Kong-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.01 per share. The online retailer posted revenue of $40.73 billion in the period. Alibaba shares have declined slightly more than 8...
HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal third-quarter profit of $2.33 billion. The Hong Kong-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.01 per share. The online retailer posted revenue of $40.73 billion in the period. Alibaba shares have declined slightly more than 8% since the beginning of the year. The stock has decreased roughly 6% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BABA
Alibaba Group Holding Ltd. ’s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader’s drive to wring more profits out of a swathe of costly AI endeavors. The company posted a 2% rise in sales to 284.8 billion yuan ($41.3 billion) for the three months ended December, just shy of the average projection . But net income plummeted 67% — its worst per...
Alibaba Group Holding Ltd. ’s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader’s drive to wring more profits out of a swathe of costly AI endeavors. The company posted a 2% rise in sales to 284.8 billion yuan ($41.3 billion) for the three months ended December, just shy of the average projection . But net income plummeted 67% — its worst performance since early 2024 — hurt in part by heavy spending on promotions to fend off rivals in commerce. Alibaba’s US-listed shares slid 4% in pre-market trading. The disappointing results show why the company is driving a major restructuring aimed at generating profit off its sprawling AI endeavors. The company this week launched an agentic AI service known as Wukong for company clients, and hiked prices for its cloud computing and storage services by as much as 34%. Alibaba is keen to monetize its growing AI portfolio in part to offset losses in its e-commerce business, which is grappling with fierce domestic competition. Click here for a liveblog on Alibaba’s results. The Hangzhou-based company — one of the world’s largest cloud service providers — is considered a frontrunner in China’s race toward artificial general intelligence. It’s also the most aggressive in terms of spending: Alibaba has pledged more than $53 billion of AI investment over several years, far surpassing its Chinese rivals though a fraction of the $650 billion that US hyperscalers intend to shell out in 2026. Alibaba’s cloud unit has since become the group’s fastest-growing business, with the company recording triple-digit revenue growth from AI-related products over 10 consecutive quarters. The company however is grappling with fundamental changes with the potential to reshape leadership of the world’s biggest internet arena. China’s newfound love affair with OpenClaw-style agentic AI has handed Tencent Holdings Ltd. , with its all-encompassing WeChat ecosystem, an initial advantage. Alibaba’s rival ...
Galatasaray midfielder Noa Lang is set to have surgery in Liverpool after suffering a "serious cut" to his thumb during their 4-0 Champions League defeat at Anfield on Wednesday. The 26-year-old collided with the advertising hoardings in the 76th minute and he fell to the floor clutching his thumb after looking at the wound on his right hand. Lang appeared to be in agony and he was consoled by Liv...
Galatasaray midfielder Noa Lang is set to have surgery in Liverpool after suffering a "serious cut" to his thumb during their 4-0 Champions League defeat at Anfield on Wednesday. The 26-year-old collided with the advertising hoardings in the 76th minute and he fell to the floor clutching his thumb after looking at the wound on his right hand. Lang appeared to be in agony and he was consoled by Liverpool's Alisson Becker and Virgil van Dijk as he was attended to by medical staff. The Netherlands international received oxygen before being taken off the field on a stretcher. In a statement released on Thursday, Galatasaray said Lang "suffered a serious cut to his right thumb and is scheduled to undergo surgery in Liverpool in the coming hours with our medical team present". Speaking after the last-16 match, which Liverpool won 4-1 on aggregate, Galatasaray head coach Okan Buruk said it was a "bad injury". Liverpool and Uefa officials were seen inspecting the same section of advertising hoardings after the game. BBC Sport has approached Uefa for comment.
syahrir maulana/iStock via Getty Images Fund Commentary In the fourth quarter of 2025, the Russell 2000 index (Fund Index) returned 2.19%. Small Cap equities underperformed Large Cap equities, as measured by the Russell 1000 index, which returned 2.41% in the fourth quarter. The top-performing sectors over this time period were Health Care and Materials, returning 18.54% and 5.04%, respectively. C...
syahrir maulana/iStock via Getty Images Fund Commentary In the fourth quarter of 2025, the Russell 2000 index (Fund Index) returned 2.19%. Small Cap equities underperformed Large Cap equities, as measured by the Russell 1000 index, which returned 2.41% in the fourth quarter. The top-performing sectors over this time period were Health Care and Materials, returning 18.54% and 5.04%, respectively. Consumer Staples and Information Technology were the worst-performing sectors for this quarter, with returns of -4.57% and -4.55%, respectively. The fourth quarter began with a U.S. government shutdown, which lasted into mid-November. The U.S. economy avoided major broad-based disruption. However, the shutdown hampered economic data collection – creating a considerable information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Following resumed economic data, the broader U.S. macroeconomic landscape held firm with ongoing resilience amid a gradually cooling labor market. The downside labor market risk kept U.S. Federal Reserve easing in play, leading to two rate cuts in the quarter even as the economy expanded. The global tariff environment proved less disruptive than earlier fears. U.S. monthly tariff collections rose but remain well below levels implied by announced policies. Financial markets capped a strong 2025 with fourth-quarter gains in both equities and fixed income. Non-U.S. equities outpaced the U.S., leaving global equities with a low-single-digit gain. For the U.S., a strong third-quarter corporate earnings season helped bolster the earnings outlook heading into 2026. Artificial intelligence (AI) remained a central market topic, with investors shifting from broad-based enthusiasm to taking a more critical look at potential returns of AI-related investment plans. This led to more varied performance across the largest tech-related and AI-adjacent companies. Performance as of 12/31/25 Annualized Returns FUND QTR YTD 1 Year 3 Ye...
Groupama Asset Managment lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,317 shares of the semiconductor company's stock after selling 10,508 shares during the period. Groupama Asset Managment's holdin...
Groupama Asset Managment lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,317 shares of the semiconductor company's stock after selling 10,508 shares during the period. Groupama Asset Managment's holdings in Taiwan Semiconductor Manufacturing were worth $23,828,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 3rd quarter. Fisher Asset Management LLC now owns 17,833,127 shares of the semiconductor company's stock worth $4,980,614,000 after purchasing an additional 168,171 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Taiwan Semiconductor Manufacturing by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company's stock valued at $4,401,448,000 after buying an additional 541,047 shares during the last quarter. Bank of America Corp DE boosted its stake in Taiwan Semiconductor Manufacturing by 0.9% during the third quarter. Bank of America Corp DE now owns 14,935,893 shares of the semiconductor company's stock worth $4,171,445,000 after buying an additional 130,173 shares during the period. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.5% during the third quarter. Jennison Associates LLC now owns 12,591,542 shares of the semiconductor company's stock worth $3,516,692,000 after buying an additional 544,750 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Alliancebernstein L.P. now owns 10,687,037 shares of...
Groupama Asset Managment lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 117,308 shares of the electric vehicle producer's stock after selling 28,480 shares during the quarter. Groupama Asset Managment's holdings in Tesla were worth $52,169,000 at the end of the ...
Groupama Asset Managment lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 117,308 shares of the electric vehicle producer's stock after selling 28,480 shares during the quarter. Groupama Asset Managment's holdings in Tesla were worth $52,169,000 at the end of the most recent reporting period. Get Tesla alerts: Sign Up A number of other hedge funds have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the second quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in Tesla in the 3rd quarter worth approximately $29,000. CoreFirst Bank & Trust purchased a new position in Tesla during the 2nd quarter worth approximately $30,000. Turning Point Benefit Group Inc. acquired a new stake in Tesla during the 3rd quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the 3rd quarter valued at $31,000. 66.20% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, January 29th. Wells Fargo & Company lowered their price target on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a report on Thursday, January 29th. President Capital cut their price target on Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Morgan Stanley set a $415.00 price objective on Tesla and gave the company an "equal weight" rating in a report on Thursday, January 29th. Finally, Barclays reaffirmed a "neutral" rating on shares of Tesla in a report on Wednesday, March 4th. Nineteen research analysts have rated...
Korea’s top AI policymakers met AMD CEO Lisa Su on Thursday to expand cooperation in AI between the Korean government and AMD, as Seoul pushes to build a large-scale national AI infrastructure.Senior presidential secretary for AI future planning Ha Jung-woo and Presidential Council on National AI Strategy Vice Chair Im Moon-young held talks with Su at the Presidential Advisory Council on Science a...
Korea’s top AI policymakers met AMD CEO Lisa Su on Thursday to expand cooperation in AI between the Korean government and AMD, as Seoul pushes to build a large-scale national AI infrastructure.Senior presidential secretary for AI future planning Ha Jung-woo and Presidential Council on National AI Strategy Vice Chair Im Moon-young held talks with Su at the Presidential Advisory Council on Science and Technology in Jongno District, central Seoul.AMD, a leading global graphics processing unit maker competing with Nvidia, plays a critical role in AI model development.Seoul used the meeting to pitch its so-called top three in AI strategy, an initiative that aims for Korea to be elevated to among the top three countries in AI technology. The strategy is centered on a plan of building state-led infrastructure.Part of the strategy is an "AI highway," a government-led initiative to build infrastructure including GPUs, hyperscale data centers and ultra-high-speed networks, which companies can then build on.The concept aims to lower entry barriers for companies in the private sector by providing shared infrastructure for private-sector AI development.To support the push, the government has earmarked 9.9 trillion won ($6.6 billion) for AI this year — about three times last year’s budget.Su's visit to Korea this time comes amid a number of partnerships between AMD and Korean tech firms.This visit to Korea has further strengthened AMD's cooperation with local AI companies, Su said during the meeting with Ha and Im.On Wednesday, Su visited Samsung Electronics’ Pyeongtaek campus and met Executive Chairman Lee Jae-yong, where the two business heads agreed to cooperate on graphics memory.Su also met Naver CEO Choi Soo-yeon on Wednesday and signed a memorandum of understanding to build a high-performance computing environment using AMD GPUs for Naver’s AI model, HyperCLOVA X.In the same regard, Korean policymakers agreed to broaden public-private collaboration on AI development throug...