What's Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday?

South China Morning Post
Alibaba's large language model tops global ranking of AI developer platform Hugging Face
Alibaba Group Holding's family of large language models (LLMs) - the technology underpinning generative artificial intelligence (AI) services like ChatGPT - has been ranked among the world's top 10 open-source models. Three of the four top 10-ranked Chinese LLMs were from the Tongyi Qianwen series, also known as Qwen, developed by e-commerce and cloud computing giant Alibaba, according to AI and machine-learning developer platform Hugging Face, which released its updated leaderboard with new met
The Telegraph
Can Asda’s new ‘cut-throat’ owners succeed where the Issa brothers failed?
Customers arriving at Asda’s Bournemouth superstore this month would have been forgiven for immediately turning around and going home.
Fool.co.uk
Get ready for a stock market correction, says the Bank of England
The UK's central bank reckons there's a heightened risk of a sharp stock market correction. Here's a share I've got my eye on, in case that happens. The post Get ready for a stock market correction, says the Bank of England appeared first on The Motley Fool UK.
The Telegraph
How to shield your savings from a Labour tax raid
Savers must act now to protect their wealth from the Government – and a possible incoming Labour administration.
Fool.co.uk
2 cheap FTSE 100 shares I’ll avoid like the plague in July!
Looking for the best cheap FTSE 100 shares to buy next month? Here are two that Royston Wild believes could be dangerous investor traps. The post 2 cheap FTSE 100 shares I’ll avoid like the plague in July! appeared first on The Motley Fool UK.
Fool.co.uk
3 stocks that Fools have recently sold
Two US-listed firms and one British stock — why did these three Fools sell these particular shares? The post 3 stocks that Fools have recently sold appeared first on The Motley Fool UK.
Fortune
Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says
Melius Research projects Nvidia will generate $270 billion in cash over the next three years, potentially setting the stage for huge shareholder returns.
The Telegraph
What to do now to shield your money from Labour taxes
With the countdown to the general election now in its final week, Labour has continued to do little to answer questions or quell concerns about its tax plans should it win power.
The Telegraph
The Netherlands stung savers with 100 per cent tax rates – and now owes them billions
The Netherlands is expected to pay billions of pounds in compensation to taxpayers after a divisive levy on investments and second homes was shot down by the Dutch Supreme Court.
Fool.co.uk
This penny share just fell 20%. Time to load up?
Penny shares can often soar and slump far more dramatically than bigger stocks. And this one just did exactly that. The post This penny share just fell 20%. Time to load up? appeared first on The Motley Fool UK.
Fool.co.uk
I’d buy these 3 cheap shares to try and build a £590 monthly second income
Christopher Ruane explains how and why he'd buy this trio of FTSE 100 shares to build a second income of almost £600 each month. The post I’d buy these 3 cheap shares to try and build a £590 monthly second income appeared first on The Motley Fool UK.
Fool.co.uk
£17,800 in savings? I’d buy UK shares to try and retire early
Can our writer retire early, even if just by a year or two, thanks to putting some money into UK shares now? He hopes so -- here's how! The post £17,800 in savings? I’d buy UK shares to try and retire early appeared first on The Motley Fool UK.
Fool.co.uk
The Aviva dividend yield is 7%. I think it could reach 8% — or even 9%!
Our writer already likes the look of the 7% Aviva dividend yield. Could the prospect of a higher prospective yield tempt him to invest? The post The Aviva dividend yield is 7%. I think it could reach 8% — or even 9%! appeared first on The Motley Fool UK.
Fool.co.uk
What’s the best FTSE 100 stock to buy now the general election is almost behind us?
The stock market hates uncertainty, so we may see a surge for FTSE 100 shares late next week once the result of the election is in. The post What’s the best FTSE 100 stock to buy now the general election is almost behind us? appeared first on The Motley Fool UK.
Fool.co.uk
The Diageo share price keeps falling – time to buy more?
The Diageo share price has been falling for years, but Harvey Jones wants to make doubly sure he benefits when it bounces back. The post The Diageo share price keeps falling – time to buy more? appeared first on The Motley Fool UK.
Investing.com
How long will central bank buying of gold last?
Central banks have been actively and massively buying gold over the last few years. In its report published this week, UBS highlighted the sustained interest in gold by central banks, underscoring its role as a hedge against inflation, a diversifier during market stress, and a credible asset in times of economic turmoil.
Insider Monkey
Salesforce, Inc. (CRM): Is It One of the Best Cloud Computing Stocks to Buy Now?
We recently compiled a list of the 10 Best Cloud Computing Stocks to Buy Now. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against the other cloud computing stocks. You can also check out the 10 Best Artificial Intelligence Stocks to Buy Under $10 here. Cloud computing […]
Associated Press Finance
Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune. Buffett laid out his new plan for his estate in an interview with the Wall Street Journal. The 93-year-old billionaire who leads Berkshire Hathaway didn't immediately respond to questions from The Associated Press on Friday about his plan that calls for Howard, Susie and Peter Buffett to unanimously agree where to give his Berkshire Hathaway stock after his death.
Sky News
Nationwide customers face salary payment delays - as HSBC, Barclays and Virgin Money users hit by banking glitches
Nationwide, HSBC, Barclays and Virgin Money customers have been affected by problems with banking services, leaving some unable to send and receive money. HSBC UK said there had been a "separate payments issue affecting multiple banks", and Nationwide blamed a "third-party payments issue". Barclays also alerted customers, while Virgin Money said access to its app has been fully restored after issues in the morning - but there is a backlog of payments to process.
Reuters
Nokia taps AI boom with $2.3 billion Infinera purchase
Nokia's bid to buy US optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog Ciena and become the second largest vendor in the optical networking market with a 20% share, behind Huawei, which is benefiting from the minimal presence of Western companies in China. Nokia's move will allow the company to sell more equipment to big tech companies such as Amazon, Alphabet and Microsoft as they invest billions of dollars in building new data centres to service the artificial intelligence boom.

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What's Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday?

Latest stories

Alibaba's large language model tops global ranking of AI developer platform Hugging Face

Can Asda’s new ‘cut-throat’ owners succeed where the Issa brothers failed?

Get ready for a stock market correction, says the Bank of England

How to shield your savings from a Labour tax raid

2 cheap FTSE 100 shares I’ll avoid like the plague in July!

3 stocks that Fools have recently sold

Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says

What to do now to shield your money from Labour taxes

The Netherlands stung savers with 100 per cent tax rates – and now owes them billions

This penny share just fell 20%. Time to load up?

I’d buy these 3 cheap shares to try and build a £590 monthly second income

£17,800 in savings? I’d buy UK shares to try and retire early

The Aviva dividend yield is 7%. I think it could reach 8% — or even 9%!

What’s the best FTSE 100 stock to buy now the general election is almost behind us?

The Diageo share price keeps falling – time to buy more?

How long will central bank buying of gold last?

Salesforce, Inc. (CRM): Is It One of the Best Cloud Computing Stocks to Buy Now?

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Nationwide customers face salary payment delays - as HSBC, Barclays and Virgin Money users hit by banking glitches

Nokia taps AI boom with $2.3 billion Infinera purchase