Alibaba’s longtime leader Daniel Zhang is being replaced as chief executive and chair of the Chinese ecommerce giant, as the group races to reinvent itself by splitting into six separate entities.Eddie Yongming Wu, the chair of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang as chief executive in…

Control of Congress has become so precariously balanced between the two parties that it may now be subject to the butterfly effect. The butterfly effect is a mathematical concept, often applied to weather forecasting, that posits even seemingly tiny changes – like a butterfly flapping its wings – can trigger…

Exchange-traded funds that invest in Treasury bonds fell Tuesday after the May inflation report, as the market anticipated the Federal Reserve may continue hiking interest rates after a June pause.  Shares of both the iShares 20+ Year Treasury Bond ETF TLT, -0.39% and iShares 10-20 Year Treasury Bond ETF TLH,…

In the ever-evolving landscape of finance, artificial intelligence (AI) has been making steady strides. One development that recently caught my attention was the performance of OpenAI’s ChatGPT in stock trading. The advanced AI model selected a portfolio that outperformed the S&P 500 SPX, -0.37% as well as some of the…

Corporate leaders appear to be excited about the revolutionary potential of artificial intelligence. And their employees? Not so much.It’s no surprise, perhaps, that 62% of bosses in a recent Boston Consulting Group survey said they felt optimistic about AI’s impact on work, while only 42% of employees said they felt…

Former President Donald Trump is facing even more legal jeopardy as the race for the Republican presidential nomination heats up, following an indictment Thursday by a federal grand jury in the probe into his handling of classified documents at Mar-a-Lago, his Florida resort. The historic indictment comes after Trump in…

© Reuters. (Reuters) – The U.S. Justice Department will review the PGA Tour’s plan to merge with Saudi-backed LIV Golf to determine if it violates antitrust law, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The PGA Tour, DP World Tour and rival Saudi-backed LIV…

Investing.com — Oil prices fell slightly in Asian trade on Thursday as major importer China enacted more interest rate cuts amid worsening economic conditions, while markets continued to digest mixed signals from the Federal Reserve. China cuts rates further to support economic recovery China’s central bank cut rates on its…

By Guy Faulconbridge and Elena Fabrichnaya MOSCOW (Reuters) -The end of the dominance of the U.S. dollar is nigh as the rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine, one of Moscow’s most powerful bankers…

By Samrhitha A (Reuters) – Adobe (NASDAQ:) Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker’s efforts to drive up demand with generative artificial intelligence (AI) integrations paid off. Shares of the San Jose, California-based company rose more than 5% in aftermarket trading.…