Alibaba just told the market it needs $10.2 billion for AI. The market responded by selling Chinese tech stocks.
The e-commerce and cloud computing giant announced plans to raise HK$80 billion (roughly US$10.2 billion) through new share placements, with every dollar earmarked for artificial intelligence infrastructure. The move landed alongside CCSH Corporation,
BlackRock’s iShares Bitcoin Trust accounted for $1.3 billion of last week’s inflows
August 24, 2026 / 10:14 IST
It remains to be seen whether Bitcoin’s rally will translate into sustained demand and a new bull market
Spot Bitcoin exchange-traded funds had their strongest weekly inflow in 10 months last week as the original cryptocurrency surged.
» Read more about: Bitcoin ETFs see biggest weekly inflow in 10 months during rally »
WASHINGTON: The Trump administration on Sunday (Aug 23) warned that Canada would be “foolish” to think it could win a trade war with the United States, predicting a “devastating” impact on its northern neighbour.
Negotiations between Washington and Ottawa broke down late on Friday, putting into force new 50 per cent US tariffs impacting about US$20 billion worth of Canadian goods,
» Read more about: Trump administration predicts US trade war 'devastating' for Canada »
Nvidia reports Q2 earnings on Wednesday, Aug. 26.
The stock is far cheaper than many companies it’s commonly compared to.
Nvidia(NASDAQ: NVDA) stock has been a disappointment for some investors in 2026.
» Read more about: Your Last Chance to Buy Nvidia Stock for Cheap in 2026 May Be Near »
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ARK Invest CEO Cathie Wood said artificial intelligence could turn the loss of entry-level corporate jobs into an entrepreneurial boom, backing Elon Musk’s proposal to use Grok to create an “instant one-person company.”
US Treasury Secretary Scott Bessent said the United States does not need to create as many jobs as it did in the past because deportations and lower immigration under President Donald Trump have reduced the size of the workforce.
Speaking to CNBC last week, Bessent was asked about signs that the US job market is weakening.
Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s Jensen Huang says so.
When Huang steps up to the mic for his company’s earnings call Wednesday,
» Read more about: Wall Street Is Counting on Nvidia to Keep the AI Party Going »
» Read more about: U.S. trade war will be ‘devastating’ for Canada: Trump admin »
Canadian prime minister Mark Carney has declared that Canada is “at war” with the United States on trade following the collapse of several weeks of talks with the Trump administration over its move to impose a 50 percent tariff on $20 billion worth of Canadian goods,
I do not own Nvidia for varied reasons, but it is an excellent choice for some types of investors.
Despite huge growth, the stock trades at a P/E ratio of 33.
The likelihood of a growth slowdown and management’s funding of its customers’
