Alibaba prices $10.2 billion AI share sale at 8.4% discount
The 710 million shares are the largest primary follow-on by a Hong Kong-listed company and drew $28 billion in orders.
Business
Markets, companies, and the economy, explained without jargon.
7 stories filed
Toyota tops iSeeCars list of brands likely to reach 250,000 miles
An iSeeCars analysis of nearly 400 million vehicles found only Toyota, Lexus, Honda and Acura beat the average car's odds of reaching 250,000 miles.
Nvidia agrees framework with six Wall Street firms to raise $500 billion for AI
Nvidia partnered with six asset managers on a $500 billion AI financing push and readies new chips as investors await Q2 results on August 26.
Arm's Hermann Hauser warns investors AI prices have run ahead of fundamentals
Arm co-founder Hermann Hauser told a CNBC podcast the AI revolution is real but many valuations have run ahead of fundamentals, with mid-tier firms most exposed.
Greenland delays Trump-linked oil venture drilling to the 2027-28 winter
Greenland Energy has postponed its Jameson Land oil program to winter 2027 after Greenland's government warned its partner over unpermitted equipment.
UEFA's Laura McAllister calls for a challenger to Infantino in 2027
UEFA vice president Laura McAllister called for a candidate to challenge FIFA president Gianni Infantino in March 2027 after his World Cup investment plan collapsed.
Chicago O'Hare overtakes Atlanta as the world's busiest airport by flights
Airports Council International's 2026 dataset shows Chicago O'Hare topped world airports by aircraft movements in 2025, while Atlanta kept the passenger crown.