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At close: December 24 at 1:55:00 PM GMT+1

Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea

(Bloomberg) -- Alibaba Group Holding Ltd. agreed to merge its South Korean operations with E-Mart Inc.’s e-commerce platform to better compete in the country’s fast-paced online retail sector.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayAliExpress International and Gmarket are creating a 50-50 joint venture, according to a stock exchange filing by E-Mart which confirmed a report by Bloomberg News. The companies plan to make further investments in the JV, wh

Bloomberg 38 minutes ago

BABA
Xiaomi Gains Access to EV Chargers of NIO, XPeng, Li Auto

Consumer-electronics specialist Xiaomi will join the electric-vehicle charging networks of rivals NIO, XPeng and Li Auto, giving its customers access to tens of thousands of charging stations in China.

The Wall Street Journal 2 hours ago

WB

NIO

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Is Hercules Capital (HTGC) a Buy as Wall Street Analysts Look Optimistic?

The average brokerage recommendation (ABR) for Hercules Capital (HTGC) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

Zacks 17 hours ago

HTGC
Is Hercules Capital, Inc. (HTGC) the Best Dividend Stock to Buy Under $50?

We recently compiled a list of the 13 Best Dividend Stocks to Buy Under $50. In this article, we are going to take a look at where Hercules Capital, Inc. (NYSE:HTGC) stands against the other dividend stocks. AI stocks are stealing the spotlight today as the appetite for these services continues to gain traction globally. This […]

Insider Monkey 18 hours ago

HTGC
The Ultimate EV Stock to Buy With $500 Right Now

Nio still looks dirt cheap relative to its long-term growth potential.

Motley Fool 21 hours ago

NIO
Bull of the Day: GameStop (GME)

GameStop, the leading video game retailer, has parlayed its "meme stock"status into a giant cash hoard. Meanwhile, a strategic partnership and strong technical chart suggest that the stock has considerable potential into 2025.

Zacks 23 hours ago

GME
Stock market today: Nasdaq, S&P 500, Dow surge in start to 'Santa Claus' rally ahead of Christmas break

US stocks looked set for a mostly muted open to a final, shortened trading session before the Christmas holiday,

Yahoo Finance yesterday

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A Member of the UAE Royal Family Joins the Color Star Family

NEW YORK, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artiﬁcial intelligence in the entertainment industry, announces today that His Highness Shaikh Humaid Abdulla Rashed Ahmed Almualla, a prominent member of the United Arab Emirates royal family, has oﬃcially joined the company as an independent director of the Company’s

GlobeNewswire yesterday

ADD
This May Be the Cheapest E-Commerce Play on Earth. Shares Could Rise 50% in 2025.

The problem is China’s economic woes and the government’s mercurial attitude toward homegrown tech companies.

Barrons.com yesterday

BABA
NIO Introduces Compact & Affordable Firefly Alongside New ET9 Sedan

NIO introduces its second sub-brand and third overall BEV brand, Firefly, and launches the new ET9 sedan at RMB 788,000.

Zacks yesterday

NIO
US Listed Chinese Stocks Gain on Stimulus Plans to Counter US Tariff Risks

U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:BABA), JD.com, Inc (NASDAQ:JD), PDD Holdings Inc (NASDAQ:PDD), Baidu, Inc (NASDAQ:BIDU), NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), XPeng Inc (NYSE:XPEV) are trading higher Tuesday amid reports indicating China’s stimulus plans to deter potential U.S. tariffs. Chinese e-commerce juggernaut Alibaba is considered the barometer for China’s tech sector. Reuters cites familiar sources as saying Chinese authorities plan to issue 3 trillion yuan

Benzinga yesterday

BABA
Santa Claus rally, American Airlines, Nippon-US Steel: 3 Things

US stock futures (ES=F, NQ=F, YM=F) appear mixed the morning of Christmas Eve — a shortened trading day with markets closing at 1 p.m. — as Wall Street investors hold out hope for a true Santa Claus rally in the final trading sessions of 2024. American Airlines (AAL) temporarily grounded all US flights nationwide due to a technical issue. Flights have since resumed as American travelers take to the skies for last-minute holiday travel. President Biden is due to give his final decision on Japanese-owned Nippon Steel's (5401.T, NPSCY) $15 billion bid for US Steel (X). Catch former congressman and host of Yahoo Finance's Warrior Money podcast, Patrick Murphy, share his opinion as to why Biden should approve the deal by clicking here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video yesterday

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How Stocktwits is tapping into the retail trading community

Stocktwits is a social media platform for investors focused on discussions and community for traders. Stocktwits head of community Noor Al sits down with Josh Lipton on Asking for a Trend to discuss retail investor sentiment heading into 2025. Al says the Stocktwits community is excited about the "future," explaining how AI, crypto, and meme stock trading are all "blowing up on Stocktwits." Looking at crypto, he highlights names like MicroStrategy (MSTR) amid bitcoin's (BTC-USD) post-election rally, saying, "Every time [executive chairman] Michael Saylor tweets... crypto mentions are up something like three times previous highs, and they're just all-time highs every day." He reports that on Stocktwits, there are 300,000 watchers of GameStop (GME), which "blew up" when Roaring Kitty tweeted. Al adds that Reddit (RDDT) is among the stocks in focus on the platform. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan

Yahoo Finance Video yesterday

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Does The Market Have A Low Tolerance For Alibaba Group Holding Limited's (NYSE:BABA) Mixed Fundamentals?

With its stock down 12% over the past three months, it is easy to disregard Alibaba Group Holding (NYSE:BABA). It is...

Simply Wall St. yesterday

BABA

BABAF
NIO Celebrates 10th Anniversary with Launch of ET9 and Firefly Brand

Nio ( (NIO) ) has shared an announcement. NIO Inc. celebrated its 10th anniversary with the launch of the NIO ET9 and the unveiling of the Firefly brand during NIO Day 2024 in Guangzhou. The ET9, a smart electric executive flagship, showcases NIO’s advanced technology with features such as fully active suspension and steer-by-wire systems. The event also marked the introduction of the Firefly brand, aimed at providing a high-end driving experience with a focus on safety and modern design. These

TipRanks yesterday

NIO

NIOIF
Asian Stocks Mixed at Tuesday's Close as Global Markets Prep for Holiday Closure

Asian bourses were mixed at Tuesday's close as global markets prepare to close for the holiday break

PREMIUM
MT Newswires yesterday

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Pound, gold and oil prices in focus: commodity and currency check, 24 December

The US dollar continues to hold near a two-year high amid ongoing pressure on sterling.

Yahoo Finance UK yesterday

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FTSE 100: Stocks push higher as traders prepare to wind down for Christmas

A deep dive into what's moving markets and happening across the global economy

Yahoo Finance UK yesterday

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Ant Group splits Alipay into two business units in latest restructuring move

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move to drive new growth. The company will establish the Digital Payment Business Group and Alipay Business Group, and adopt a "rotating presidential system" for the two units with each president serving a six-month term, according to an internal letter circulated by Ant president Cyril Han Xinyi on Monday,

South China Morning Post yesterday

BABA
Global shares and dollar firm in muted pre-Christmas trade

NEW YORK/LONDON (Reuters) -Wall Street topped off a global share rally in thin trade on Thursday as markets prepared for early Christmas Eve closes, while the dollar was buoyed by firmer Treasury yields and speculation that the Federal Reserve would slow its easing in 2025. The Dow Jones Industrial Average was 0.47% higher in late morning trade, the S&P 500 rose 0.73% and the Nasdaq Composite rose 0.99%. U.S. stock trading wraps up at 1:00 p.m. EDT/1800 GMT, and the bond market closes at 2:00 p.m. Most financial centers around the world are closed on Wednesday for Christmas.

Reuters 2 days ago

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Related News

Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea

Xiaomi Gains Access to EV Chargers of NIO, XPeng, Li Auto

Is Hercules Capital (HTGC) a Buy as Wall Street Analysts Look Optimistic?

Is Hercules Capital, Inc. (HTGC) the Best Dividend Stock to Buy Under $50?

The Ultimate EV Stock to Buy With $500 Right Now

Bull of the Day: GameStop (GME)

Stock market today: Nasdaq, S&P 500, Dow surge in start to 'Santa Claus' rally ahead of Christmas break

A Member of the UAE Royal Family Joins the Color Star Family

This May Be the Cheapest E-Commerce Play on Earth. Shares Could Rise 50% in 2025.

NIO Introduces Compact & Affordable Firefly Alongside New ET9 Sedan

US Listed Chinese Stocks Gain on Stimulus Plans to Counter US Tariff Risks

Santa Claus rally, American Airlines, Nippon-US Steel: 3 Things

How Stocktwits is tapping into the retail trading community

Does The Market Have A Low Tolerance For Alibaba Group Holding Limited's (NYSE:BABA) Mixed Fundamentals?

NIO Celebrates 10th Anniversary with Launch of ET9 and Firefly Brand

Asian Stocks Mixed at Tuesday's Close as Global Markets Prep for Holiday Closure

Pound, gold and oil prices in focus: commodity and currency check, 24 December

FTSE 100: Stocks push higher as traders prepare to wind down for Christmas

Ant Group splits Alipay into two business units in latest restructuring move

Global shares and dollar firm in muted pre-Christmas trade