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Jack Ma is praising Alibaba. Wall Street is more cautious
  + stars: | 2024-04-14 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. They cut their price target by $1 to $105 a share and maintained their buy rating. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight.
Persons: Jack Ma, Joe Tsai, Ma, Alex Yao, Tsai, Nicolai Tangen, We've, Eddie Wu, Trudy Dai, Daniel Zhang, Kenneth Fong, Douyin, Nomura, Doubao, Ernie, Qianwen, monetization, Morgan Stanley, Gary Yu, — CNBC's Michael Bloom, Arjun Kharpal Organizations: CNBC, Wall Street, JPMorgan, Norges Bank Investment, Alibaba, Commerce, UBS, PDD Holdings, Norges Bank Investment Management Locations: China, U.S, Taobao, BABA
ID's docuseries "Quiet on Set" reveals predatory behavior behind the scenes at Nickelodeon. AdvertisementInvestigation Discovery's docuseries " Quiet on Set: The Dark Side of Kids TV " digs deep into the disturbing and predatory behavior that happened behind the scenes at Nickelodeon. Although Brandi didn't appear in "Quiet on Set," her mom, who goes by MJ, shared her daughter's story in episode two of the docuseries. Brandi made an appearance on 'The Amanda Show' when she was 11 years oldBrandi in a photo seen in episode two of the docuseries "Quiet on Set." AdvertisementBrandi quit the entertainment industry after her experienceMJ in episode two of the docuseries "Quiet on Set."
Persons: ID's, Jason Handy, Brandi, , Brandi didn't, MJ, Trudy, Brandi wasn't, Amanda, Amanda Bynes, weren't, Handy, Brandi's, she'd, Brandi Carlile, doesn't, Kate Taylor, Taylor, She's, she's, Dan Schneider Organizations: Nickelodeon, Service, Hollywood, Disney Channel, Los Angeles Police Department, Business Locations: Glendale , California, LA , Michigan, North Carolina
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.
Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, , Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, , Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba
CNN —An innovative experiment flying aboard NASA’s Psyche mission just hit its first major milestone by successfully carrying out the most distant demonstration of laser communications. The tech demo was designed to be the US space agency’s most distant experiment of high-bandwidth laser communications, testing the sending and receiving of data to and from Earth using an invisible near-infrared laser. NASA/JPL-CaltechIt’s not the first time laser communications have been tested in space. The first test of two-way laser communication occurred in December 2021 when NASA’s Laser Communications Relay Demonstration launched and went into orbit about 22,000 miles (35,406 kilometers) from Earth. And the Artemis II spacecraft will use laser communications to return high-definition video of a crewed journey around the moon.
Persons: Psyche, DSOC, Hale, , Trudy Kortes, Meera Srinivasan, Artemis, DSOC won’t, Jason Mitchell Organizations: CNN, NASA, Optical Communications, California Institute of Technology’s, Jet Propulsion Laboratory, JPL, Caltech, Space Technology, Psyche’s, Hale, DSOC, NASA’s, Advanced Communications, Navigation Technologies, NASA’s Space Communications Locations: Pasadena , California, DSOC, Wrightwood , California
The technological feat, using NASA's Psyche probe, broke new ground for deep space communications. AdvertisementNASA has achieved a world-first after sending a laser-beamed message to Earth from nearly 10 million miles away within 50 seconds. While the space agency has long been able to communicate with spacecraft using radio waves, it had never before been able to send information using lasers from that far into space. The feat, achieved using NASA's Deep Space Optical Communications (DSOC) experiment on board the Psyche spacecraft, could someday allow humans to stream video calls on Mars. The spacecraft then beamed back information using its laser.
Persons: , Lacey Young, Peter Rubin, Abi Biswas, Biswas, Trudy Kortes, Psyche Organizations: NASA, Service, Optical Communications, Jet Propulsion, Hale, JPL, Caltech, Arizona State Univ, Systems, ASU, Technology, Space Technology Locations: Wrightwood , California, San Diego County , California, Arizona, Palomar
Mr. Hill was the “consummate waterfront junk shop-souvenir store, occasionally aspiring to an antique shop,” Mr. Neill said. Mr. Hill opened Captain Hook’s with the Revolution’s Bicentennial in 1976 and remained until the turn of the century, setting up shop “when there was nothing there,” his wife, Trudy Hill, recalled. His other son, Jason, said: “How crazy was it that somebody who flipped items was able to make it to Sands Point? A person who went to garage sales?”At one point Mr. Hill charged 25 cents merely for the privilege of viewing his vast collection of nautical trinkets. But most customers would leave only a little poorer, having been talked into, say, a rubber snake by the persistent Mr. Hill, part huckster and part sincere enthusiast — a “good merchandizer,” Mr. Neill said.
Persons: Hill, Mr, Neill, Hook’s, , Trudy Hill, hitched, Matthew said, Jason, Locations: Fulton, Lower Manhattan, Shore, Sands
REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 26 (Reuters) - Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. Platforms in China, the world’s largest e-commerce market, have recently described a “value-for-money battle” stoked by economic insecurity and a slower-than-expected retail recovery following the lifting of COVID-19 curbs late last year. “There was a clear vacuum for the discount retailer online experience ... Across the world, executives are now focusing on price pressures as discount online retailers gain increasing market share. In the West, the inflation driven consumer wants something cheaper because they're going through a moment of financial insecurity,” Ho said.
Persons: Florence Lo, , thrall, Sharon Gai, ” Humphrey Ho, Rui Ma, Trudy Dai, Alibaba, ” Ho, Casey Hall, Vanessa O'Connell, Aurora Ellis Organizations: PDD Holdings, REUTERS, Rights, West, Deal, Hylink, Amazon ., Tmall, Thomson Locations: China, Southeast Asia, North America, Europe, United States, Douyin, Canada, Australia, America, U.S, Amazon, Amazon . Indonesia
A device on NASA's Perseverance Rover converted Mars' thin air into oxygen. That's where the microwave-sized device called the Mars Oxygen In Situ Resource Utilization Experiment, aka MOXIE, comes in. AdvertisementAdvertisementMOXIE hitched a ride to Mars on NASA's Perseverance Rover in 2021 and has been hard at work ever since. A photo of NASA's Perseverance rover just feet above the Martian surface — part of a video several cameras recorded of the landing on February 18, 2021. Technicians at NASA's Jet Propulsion Laboratory lower the Mars Oxygen In-Situ Resource Utilization Experiment (MOXIE) instrument into the belly of the Perseverance rover.
Persons: we've, Trudy Kortes, MOXIE, Michael Hecht, Space.com, Pam Melroy Organizations: Rover, Service, NASA, JPL, Caltech, Space Technology, Jet Propulsion Locations: Wall, Silicon, Mars
The microwave-size device called MOXIE, or Mars Oxygen In-Situ Resource Utilization Experiment, is on the Perseverance rover. The experiment kicked off more than two years ago, a few months after the rover landed on Mars. The instrument works by converting some of Mars’ plentiful carbon dioxide into oxygen. MOXIE works by dividing up carbon dioxide molecules, which include one carbon atom and two oxygen atoms. Lessons learned from the small MOXIE experiment can now be used to create a full-scale system that includes an oxygen generator that can also liquefy and store the oxygen.
Persons: MOXIE, , , Trudy Kortes, we’ve, , Pam Melroy, Michael Hecht Organizations: CNN, NASA, Technology, . Engineers, JPL, Caltech, Mars, Massachusetts Institute of Technology
"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.
Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, , Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine
Chinese consumers snapped up billions worth of items in China's first major online shopping festival after emerging from the pandemic as merchants slashed prices, but analysts say that consumer confidence still remains weak. Chinese merchants offered customers steep discounts during the 618 shopping festival, which ran on China's major shopping platforms from the end of May until June 18, in the hopes of shoring up sales amid a weaker-than-expected recovery in consumption. Major shopping festivals, like e-commerce retailer JD.com's 618 and Alibaba's Singles' Day, are typically barometers of consumption in China, and Chinese e-commerce platforms often participate by offering discounts and incentives to consumers. Analysts say that consumption remains soft this year as China emerges from the pandemic, even as platforms including JD.com, Tmall, Taobao and Pinduoduo offered billions in subsidies. "For months, Chinese consumers have been price-conscious, looking for deals and trading down across most product categories," Rein said.
Persons: JD.com, Pinduoduo, Shaun Rein, Rein, Trudy Dai, Jacob Cooke, Lemaire, Chloe, Miu, Cooke Organizations: Analysts, China Market Research Group, WPIC, Brands, Burberry Locations: China, Shanghai, Alibaba's, Covid
[1/5] People wait for bus near a billboard of JD.com advertisement for the "618" shopping festival, in Beijing, China June 12, 2023. Retail sales growth in May slowed from the previous month, missing forecasts. In 2022 China's online retail sales amounted to 13.8 trillion yuan ($1.93 trillion), according to Ministry of Commerce data. "Everyone's making excuses but at the end of the day, it's a super-soft retail market." Last year, JD.com posted 10% annual growth in total 618 sales, its slowest ever.
Persons: Tingshu Wang, Josh Gardner, JD.com, Trudy Dai, Jason Yu, Kantar, Yu, Iris Zhang, Gardner, Data, Casey Hall, Sophie Yu, Marius Zaharia Organizations: REUTERS, HK, of Commerce, Kungfu, Burberry, Apple, Alibaba, Jefferies, Citi, Thomson Locations: Beijing, China, SHANGHAI, Tmall
Factbox: How Alibaba's six new business units stack up
  + stars: | 2023-03-28 | by ( ) www.reuters.com   time to read: +4 min
The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future. Below are the six divisions:TAOBAO TMALL COMMERCE GROUPThe Taobao Tmall Commerce Group will cover Alibaba's domestic-facing e-commerce marketplaces, which make up over two-thirds of Alibaba's total revenue. Despite the scale of Alibaba's e-commerce operations, growth in the business has slowed. Taobao Tmall Commerce Group will remain wholly owned by Alibaba Group after the restructuring, the company said, even as the other units will be free to seek fundraisings and listings. Daniel Zhang, current chairman and CEO of Alibaba Group, will serve as CEO of the Cloud Intelligence Group.
Once the party of foreign policy "hawks," Republicans have increasingly cooled on foreign entanglements and military support for allies, particularly after Trump took office in 2016. Republican senators Marco Rubio, who is from DeSantis' home state, and Lindsey Graham, both former presidential candidates, criticized isolationists within their party. "People care about foreign policy, but I think it's kind of mixed on Ukraine funding," said Trudy Caviness, a member of the Iowa Republican State Central Committee. By embracing Trump's hands-off brand of foreign policy, DeSantis risks turning off some of the white-collar Republicans that are most eager to move on from the former president. That will give the eventual winner of the Republican nomination significant power to shape the party's foreign policy preferences going forward.
Shirley Hodes, 106, hasn't seen her little sister, Ruth "Ruthy" Sweedler, 103, in person since 2015. Sweedler agrees: The key to longevity is to "be happy, be healthy, and have love in your life." H/O: Shirley Hodes (R) and Ruth Sweedler (L), 2015 Photo by: Trudy GalynkerFrom afar, Hodes and Sweedler seem as similar as two slices of rye bread. Shirley Hodes age 106Where Hodes lives, residents are always coming and going, and she loves the variety. Sisters Shirley Hodes and Ruth Sweedler, circa 1923"When I was a little girl and got my library card, that was the best thing that happened to me," says Sweedler.
The secrets behind these Christmas movie classics
  + stars: | 2022-11-25 | by ( Aj Willingham | ) edition.cnn.com   time to read: +8 min
‘A Charlie Brown Christmas’ was supposed to be a flop"A Charlie Brown Christmas" is a beloved special, but those involved in its production worried that they'd created a dud. Classic songs were reused, rewritten and dubbed for ‘White Christmas’"White Christmas" is a movie that has a lot of behind-the-scenes lore. Paramount/Kobal/ShutterstockThe 1954 film “White Christmas” is brimming with behind-the-scenes lore, especially when it comes to the music. The animators behind 1993’s “The Nightmare Before Christmas” used about 400 different hand-sculpted heads to bring Jack Skellington to life. Michael Caine did a literal balancing act during ‘The Muppet Christmas Carol’The Ghost of Christmas Present, left, and Michael Caine, right, in 1992's "The Muppet Christmas Carol."
The inflatable aeroshell looked to be in great condition after recovery, proving it can survive the rigors of atmospheric entry. The result: “a pretty resounding yes,” said Trudy Kortes, director of technology demonstrations at NASA’s Space Technology Mission Directorate. The mission aims to test the inflatable heat shield technology that could also land larger robotic missions on Venus or Saturn’s moon Titan or return hefty payloads to Earth. But an inflatable aeroshell could circumnavigate that dependency — and open up sending heavier missions to different planets. A double rainbow appeared across the sky over the LOFTID heat shield as it was transferred at port in Hawaii.
Mehmet Oz spent nearly $27 million on his failed US Senate run. According to an Insider review of federal and state campaign spending, 16 out of the 22 top-spending candidates in the midterm elections lost their races. Combined, the 16 also-rans spent over $223 million of their own money — just over half of the nearly $443 the top self-funding candidates spent this cycle. They are Rep. David Trone of Maryland (roughly $12.6 million); Gov. Read Insider's entire list of the 22 largest self-funders in the 2022 midterm elections.
“It is something I’ve never seen a combination of, this lack of inventory and higher interest rates,” Lafferty said. “If that comes to pass, you can do a refinance and secure a lower interest rate and lower payments. Buy down your interest rate with pointsBorrowers can lower their payments by paying more upfront to buy down their mortgage rate. The downside: While getting a lower interest rate is very appealing, it means shelling out more money up front. In September, when mortgage rates were around 5.75%, Kelly worked with borrowers who were buying a $590,000 house.
Share this -Link copiedWisconsin Senate race too close to call Wisconsin's Senate race between GOP Sen. Ron Johnson and Democrat Mandela Barnes is too close to call, NBC News says. Vance wins Ohio Senate race, defeating Democrat Tim Ryan, NBC News projects COLUMBUS, Ohio — J.D. Ohio Republican Senate candidate J.D. Vance is leading The Senate race in Ohio is too early to call, NBC News says, but Republican candidate J.D. Share this -Link copiedGeorgia Senate race too close to call Georgia's Senate race is too close to call about three hours after polls closed at 7 p.m.
Republican state attorney general Eric Schmitt is running against Democrat Trudy Busch Valentine to represent Missouri in the US Senate. Missouri's US Senate race candidatesSchmitt serves as the attorney general of Missouri, a position he was appointed to by Republican Gov. Mike Parsons following former Attorney General Josh Hawley's election to the US Senate. Prior to being appointed attorney general, Schmitt served as state treasurer and state senator. His opponent, Valentine, has raised $12 million, spent $11.6 million, and has $327,578 cash on hand, as of October 19.
Missouri’s health department is investigating whether a hospital violated federal health care rules in denying a woman an emergency abortion, an agency spokeswoman confirmed Monday. But because her fetus still had a heartbeat and her condition wasn’t considered a life-threatening medical emergency at that moment, they couldn’t terminate the pregnancy in Missouri, they told her. Farmer criticized Missouri’s abortion ban in a campaign ad for Democratic U.S. Senate candidate Trudy Busch Valentine, who is running against Republican Attorney General Eric Schmitt. Missouri’s abortion ban includes exceptions for medical emergencies, although doctors and hospitals have said they’re unsure exactly what that covers. Additionally, physicians may also be subject to exclusion from the Medicare and State health care programs.”
Judge Lee Rudofsky, a district court judge for the Eastern District of Arkansas and a Donald Trump appointee, signed off on the settlement, which was reached after years of litigation. As part of the settlement, Kroger will pay the two employees more than $70,000 each in back pay, which is part of the overall $180,000 settlement. Court documents state that in late April 2019, the Conway store started requiring some of its employees to wear a new uniform adorned with a rainbow-colored heart. United States District Court Eastern District of Arkansas Central Division. After refusing to wear the uniforms for weeks, or trying to cover up the rainbow logo, court documents state, Rickerd and Lawson were fired in late May and early June, respectively.
Atmosfera de pe Marte are 96% dioxid de carbon și doar 0,13% oxigen, față de Pământ, care are 21% oxigen. Oxigenul este, de asemenea, o parte integrantă a chimiei care propulsează o rachetă. Moxie este capabil să “dezbrace” atomii de oxigen din moleculele de dioxid de carbon, care sunt alcătuite dintr-un atom de carbon și doi atomi de oxigen. Mini-elicopterul a făcut istorie prin efectuarea primului zbor motorizat și controlat de un avion pe altă planetă. Deși nu pare impresionant, pentru a doua sa ieșire, elicopterul s-a ridicat la cinci metri deasupra solului, s-a deplasat lateral cu doi metri, s-a rotit, a făcut câteva fotografii și apoi a revenit la locul de decolare, pentru a ateriza și a se întoarce la roverul Perseverance.
Persons: Marte Organizations: NASA Locations: roverul
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