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☆ AI could steal over 80 million jobs in the next 5 years, but these experts share how to adapt before it's too late
▼ + stars: | 2023-11-08 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

The World Economic Forum recently said generative artificial intelligence could replace 83 million jobs in the next five years within industries including tech and education under threat. Insider talked to a vice president of a data and AI platform, a hiring expert at LinkedIn, and an entrepreneur about three strategies to upskill to AI-proof your career. Karin Kimbrough, LinkedIn's chief economist, told Insider that such skills, including "management, communication, customer service, leadership, and teamwork," were more important to company leaders than AI skills . "Many bumps, turns, and forks you experience while navigating your career will become ever steeper and sharper," he wrote. She said learning how to become a "good prompter" was key to generating helpful responses from the chatbots.

Persons: Karin Kimbrough, LinkedIn's, Read, Junta Nakai, Nakai, Databricks, Jacqueline DeStefano, DeStefano, Tangorra Organizations: Economic, McKinsey, LinkedIn, Omni Business Intelligence Solutions, ChatGPT

BEIJING, Nov 7 (Reuters) - One of the few independently funded English-language publications to cover China in depth for Western audiences, "The China Project", is to close because of a lack of funding, its editor-in-chief, Jeremy Goldkorn, wrote in a post. The China Project, which began as a newsletter in 2016 and was formerly known as SupChina, expanded to become a "news and business intelligence company focused on helping a global audience understand China", it says on its website. But as with a number of online-based media companies in recent years, such as Buzzfeed News, financing became a problem. "The media business is precarious," Goldkorn wrote in a statement on the website. The company sought to produce "balanced" reporting on China and U.S.-China-themed topics.

Persons: Jeremy Goldkorn, Goldkorn, Bob Guterma, Martin Quin Pollard, Laurie Chen, Casey Hall, Brenda Goh, Robert Birsel Organizations: China, Media, Reuters, Thomson Locations: BEIJING, China, U.S

☆ The AI gender gap: Why women are more skeptical about AI than men
▼ + stars: | 2023-11-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

There's a gap in how men and women perceive AI, a new poll found. The poll adds to a growing body of research that suggests AI will affect the jobs of men and women differently. In fact, 53% of women surveyed said they would ban their kids from using AI altogether, compared to 26% of men. AdvertisementAdvertisementThe findings on the AI gender gap is an addition to a growing body of research that suggests that the AI revolution will affect men and women differently. The gender gap also affects women already in the AI world: AI startups in the UK founded by women raised six times less than those founded by men over the last 10 years.

Persons: —, Axios, Jordan Marlatt, Marlatt, Erin Young, Jacqueline DeStefano, Nicole Cueto Organizations: Service, International Labour Organization, Pew Research Center, Turing Institute, Omni Business Intelligence Solutions

☆ With Gen Z, millennials now the biggest ‘dupe’ shoppers, online culture has ‘flipped the script,’ analyst says
▼ + stars: | 2023-10-31 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

So-called girl math is not the only trend spurred by users on the short-form video app TikTok. "Dupes," short for "duplicate," are cheaper alternatives to premium or luxury consumer products, and they are increasingly popular among Gen Z and millennial shoppers and app users. While nearly one-third of adults, 31%, have intentionally purchased a dupe of a premium product at some point, Gen Z and millennials have higher participation rates: roughly 49% and 44%, respectively, according to Morning Consult. "The online culture of dupe shopping, accelerated by TikTok especially in the last few years, has flipped the script," said Ellyn Briggs, brands analyst at Morning Consult. While shoppers may miss out on the experience luxury products provide, dupes are less expensive versions that help consumers save money and test an item before splurging on the real thing.

Persons: Z, Gen, Ellyn Briggs, that's, Marisa Meltzer, Meltzer, Emily Weiss's Glossier Organizations: TikTok, Morning, Finance Locations: New York

☆ Gen Zers are 'increasingly drawn to simpler living.' Here's where they're moving.
▼ + stars: | 2023-10-23 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Gen Z is looking beyond more crowded states for places where there's elbow room and affordability. Older generations aren't selling homes, making it hard for Gen Z to get into more popular markets. Emilia Mann, a senior analyst at StorageCafe, said that Gen Z doesn't have the same location preferences as older generations. "Gen Zers are increasingly drawn to simpler living in their housing choices," Mann told Insider via email. "We see the Gen Zers be more movement oriented, especially in long distances," Ressler said.

Persons: Z, —, Emilia Mann, Zers, Mann, Gen X, Doug Ressler, Gen Z, Ressler, StorageCafe, Gen Organizations: Service, Survey Locations: Midwest, DC, Washington, Illinois, Montana, Idaho, Kansas, Nebraska, what's, RentCafe

☆ Trump and Ivanka's relationship was 'severely damaged' after he found out she was friends with Christopher Steele, the former MI6 agent says
▼ + stars: | 2023-10-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Former MI6 agent Christopher Steele said that his friendship with Ivanka Trump hurt her relationship with her dad. AdvertisementAdvertisementFormer President Donald Trump's relationship with his daughter Ivanka broke down "severely" when the somewhat awkward news emerged that she had an undisclosed friendship with Christopher Steele, the former MI6 agent said on Tuesday. AdvertisementAdvertisement"I informed them that I had in fact had a friendship and professional relationship with Ivanka Trump . AdvertisementAdvertisementBut in his witness statement on Tuesday, Steele said that revealing this had led to trouble with the then-president. Ivanka Trump served as a presidential advisor during the Trump administration and took to the stage in 2020 to introduce him at the RNC.

Persons: Christopher Steele, Ivanka Trump, Steele, —, Donald Trump's, Ivanka, Trump, Sonam Sheth, General Michael Horowitz, Steele's, Ms Trump, Trump's, Mr Steele, Jared Kushner — Organizations: Service, Trump, Associated Press, Business Intelligence, FBI, DOJ, The Times, Guardian, Trump Tower, Times, RNC, DC Locations: London, Trump, Russia, Scotland

☆ Trump committed egregious intelligence breach, ex-UK spy tells court
▼ + stars: | 2023-10-17 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The former intelligence officer also said: "Two of the named Russian sources have not been seen or heard of since." On the last day of his presidency, Trump declassified Steele's evidence and provided a copy of his testimony to a journalist, Steele said in his statement. "The publication of this document did serious damage to the U.S. government's Russian operations and their ability to recruit new Russian sources," Steele said. Steele also said in his witness statement that he believed Trump was "motivated by a personal vendetta against me and Orbis and a desire for revenge". In his witness statement, Trump said Ivanka was "completely irrelevant to this claim and any mention of her only serves to distract this court from (Orbis') and Mr Steele's reckless behavior".

Persons: Donald Trump, Shannon Stapleton, Steele, Trump, declassification, Donald Trump's, Christopher Steele, president's, Robert Mueller's, Mueller, Ivanka, Mr Steele, Sam Tobin, Emelia Sithole Organizations: U.S, Republican, REUTERS, London's, Trump, Orbis Business Intelligence, FBI, Thomson Locations: West Palm Beach , Florida, U.S, Russia, British

☆ Donald Trump wants London court to rule 'Steele dossier' sex claims are false
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump, the frontrunner for the 2024 Republican presidential nomination, is suing Orbis Business Intelligence for alleged data protection breaches over a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. The Steele dossier, published by the BuzzFeed website in 2017, alleged ties between Trump's campaign and Russia and said Trump engaged in sexual behaviour that gave Russian authorities material with which to blackmail him. Orbis, however, argues that Trump is bringing the claim simply to address his "longstanding grievances" against the company and Steele. 'SHOCKING AND SCANDALOUS'Trump's lawyer Hugh Tomlinson told the court the former president wanted to prove that the "shocking and scandalous claims" in the Steele dossier were false. White said Trump only sued Orbis in London after a similar case brought in Florida against Orbis, Steele and others – including his Democratic opponent in the 2016 election, Hillary Clinton – was dismissed.

Persons: Donald Trump, Marco Bello, Christopher Steele, Trump, Steele, Hugh Tomlinson, Tomlinson, Antony White, White, Orbis, Hillary Clinton –, Jean Carroll, Letitia James, Trump's, Mikhail Fridman, Petr Aven, Karen Steyn, Sam Tobin, Ed Osmond, Christina Fincher, Rod Nickel Organizations: REUTERS, Trump, Orbis Business Intelligence, Orbis, Republican, Mr, Democratic, New, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, Moscow, St . Petersburg, Florida, New York

☆ Donald Trump's lawsuit over 'Steele dossier' in London court
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. In court filings, Trump denies the allegations made in the Steele dossier, including that he engaged in perverted sexual behaviour in Russia and that he paid bribes to Russian officials to further his business interests. Orbis, however, is applying to have the lawsuit thrown out of court on the grounds it has no real prospect of success, according to a High Court order dated June 9. Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: U.S, Trump Organization, REUTERS, Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat, Thomson Locations: New York City, U.S, Russia, British, New York, Washington, United States

☆ Donald Trump wants to give evidence in London court over 'Steele dossier'
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump has previously criticised what he described as Steele's "fake dossier" and his lawyers said in court filings made public on Monday that the report is "egregiously inaccurate". Trump's lawyer Hugh Tomlinson told London's High Court: "President Trump brings this case because he seeks vindication of his legal rights." 'SHOCKING AND SCANDALOUS'Trump wants to prove that the "shocking and scandalous claims" in the Steele dossier are false and "intends to discharge that burden by giving evidence in this court", Tomlinson said. But Orbis' lawyers argue that Trump's lawsuit should be thrown out of court. Steele did attend and sat alongside Orbis' lawyers during the hearing.

Persons: Donald Trump, Marco Bello, Trump, Christopher Steele, Steele, Hugh Tomlinson, London's, Tomlinson, Antony White, Joe Biden's, Sam Tobin, Ed Osmond, Christina Fincher Organizations: REUTERS, Orbis Business Intelligence, Orbis, New, Republican, Democrat, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, New York, Washington, United States

Trump has sued the company founded by Christopher Steele, who created a dossier in 2016 that contained rumors and uncorroborated allegations about Trump that erupted in a political storm just before he was inaugurated. Trump is claiming he “suffered personal and reputational damage and distress" because his data protection rights were violated. Tomlinson said it "contained shocking and scandalous claims about the personal conduct of President Trump” and included allegations he paid bribes to Russian officials to further his business interests. Trump's case “is that this personal data is egregiously inaccurate,” he said. Tomlinson said Trump plans to vindicate himself in court by providing evidence that the report's claims were false.

Persons: —, Donald Trump, ”, Trump, Christopher Steele, “, Steele, Tomlinson, Trump ”, Orbis Organizations: Orbis Business Intelligence, London's, Secret Intelligence Service, BuzzFeed Locations: London, British, New York, U.S, Russia, Moscow

☆ Donald Trump's Lawsuit Over 'Steele Dossier' in London Court
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Sam TobinLONDON (Reuters) - Donald Trump's lawyers will argue at London's High Court on Monday that the former U.S. president can pursue his lawsuit against a British private investigations firm over a dossier which alleged that Russia supported his 2016 election campaign. The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. He is seeking compensation for "personal and reputational damage and distress", which Trump's lawyers say were caused by the "false, intrusive and damaging allegations about (his) personal life". Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Sam Tobin LONDON, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat Locations: Russia, British, New York, Washington, United States

☆ The top 10 states people are flocking to
▼ + stars: | 2023-10-14 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Midwestern and southern states with smaller populations are attracting more residents. Now, people are going even farther outside of the suburbs, particularly to rural states like Idaho and Montana , a new report says. All 10 states on the list have populations under 8 million, according to Census estimates for 2022. That is really driving a lot of what we see in a lot of these less dense areas around the states." AdvertisementAdvertisementHere are the 10 states that are leading the rankings in net migration, according to StorageCafe.

Persons: —, Doug Ressler, Ressler Organizations: Service Locations: Idaho, Montana, South, Midwest, Montana , Idaho, Vermont, Montana , Vermont

☆ Morgan Stanley says these 3 global stocks will be 'winners' in a world where data is king
▼ + stars: | 2023-10-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The analysts see Relx and Wolters Kluwer benefiting from "clear opportunities" from generative artificial intelligence. Relx and Wolters Kluwer The bank raised its forecasts for Relx and Wolters Kluwer, giving both an overweight rating. Its price target for Wolters Kluwer is 142 euros ($150.59), or around 18% upside. They like Wolters Kluwer for its software business, which generates around 45% of its revenue. Morgan Stanley has a price target of £790 on the company – giving it an 8.5% upside from its Oct. 10 close.

Persons: Morgan Stanley, George Webb, Wolters, Relx, Morgan, — CNBC's Michael Bloom Organizations: Wolters Kluwer, Relx, Nasdaq, REL, Relx's, LexisNexis Locations: Europe, WKL

CNN —Former President Donald Trump is suing retired British intelligence officer Christopher Steele over the controversial dossier he compiled which shook Washington with its unverified and salacious allegations about Trump. Multiple US government inquiries uncovered dozens of contacts between Trump campaign associates and Russians, which have since been acknowledged. The money trail behind the Steele dossier has also been a subject of intense political scrutiny for years. About one year after the 2016 election, it became public that Steele was indirectly paid by Democrats to research Trump. Steele has faced a series of civil lawsuits in the US and UK stemming from the dossier.

Persons: Donald Trump, Christopher Steele, Steele, Orbis Business Intelligence –, Trump, Tim Lowles, John Durham, Steele’s handiwork, Igor Danchenko, ” “, Danchenko, ” Steele, Hillary Clinton’s, Perkins Coie, Clinton’s Organizations: CNN, Trump, Orbis Business Intelligence, Kremlin, London’s, Department, Democratic National Committee, Fusion, DNC, FBI Locations: Washington, Russia, Durham, Trump

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

Private equity firms are looking at Statista ahead of a formal sale process, which is likely to kick off later next year, the sources told Reuters. Only once this transaction is finished will a Statista process begin, they added. Asam sits alongside Statista in Stroeer's data-as-a-service and e-commerce division, which it has signalled as non-core to its advertising business. Statista is viewed as non-core because the rest of Stroeer operates out-of-home advertising, online advertising and billboards across Germany. Stroeer acquired a 78.8% majority stake in Statista in December 2015 for around 57 million euros ($61 million).

Persons: JP Morgan, Friedrich Schwandt, Stroeer, Christian Schmalzl, Asam, Statista, Emma, Victoria Farr, Jo Crowley, John O'Donnell, Alexander Smith, David Evans Organizations: Reuters, NASDAQ, Thomson Locations: FRANKFURT, LONDON, Statista, Stroeer, Germany, Hamburg, Frankfurt, London

This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.

Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago

☆ Here's who's leading Morgan Stanley's cloud initiatives after the bank's lead departs for Microsoft
▼ + stars: | 2023-08-31 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Allison Gorman Nachtigal was previously the head of Morgan Stanley's cloud program. Allison Gorman Nachtigal, the former head of Morgan Stanley's cloud program, has departed the bank for the tech giant, Insider has learned. Microsoft's cloud computing program Azure is Morgan Stanley's primary cloud partner. As Morgan Stanley's new head of cloud engineering, Nam handles the plumbing behind Morgan Stanley's cloud efforts. Meanwhile, Brosnan, head of technology architecture and modernization, absorbed Morgan Stanley's cloud architecture and business enablement responsibilities.

Persons: Allison Gorman Nachtigal, Morgan, Yunchi Nam, Trevor Brosnan, Morgan Stanley, Gorman Nachtigal, Morgan Stanley's, Nam, Brosnan, Michael Poser Organizations: Microsoft

☆ US LNG projects win higher processing fees as interest rates climb
▼ + stars: | 2023-08-30 | by ( Curtis Williams | ) www.reuters.com time to read: +3 min

Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsHOUSTON, Aug 30 (Reuters) - Long-term buyers of U.S. liquefied natural gas (LNG) are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter. The U.S. emerged in 2022 as the world's second largest LNG exporter on plentiful supplies of natural gas and relatively low processing costs per metric ton of LNG. But rising interest rates and higher construction costs have pushed up liquefaction fees, also known as tolling fees. Other developers are turning to increased equity investment in new projects to reduce the impact of higher interest rates on finance costs, said Poten's Feer.

Persons: Snow, Gary Cameron, Lyle Hanna, Jason Bennett, Baker Botts, Bennett, it's, Jason Feer, NextDecade, Feer, Poten's Feer, Curtis Williams, Marguerita Choy Organizations: REUTERS, Rights, Commonwealth LNG, LNG, U.S, Henry, Poten, Partners, Reuters, of Fossil Energy, Carbon Management, Cheniere Energy, Thomson Locations: Lusby , Maryland, U.S, Ukraine, Rio Grande, Houston

☆ The top researcher at a real-estate intelligence firm shares 5 up-and-coming cities he thinks have the greatest home-price growth potential as new residents and jobs flood in — and the 2 riskiest mark
▼ + stars: | 2023-08-23 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Doug Ressler says Columbus and Nashville are among those cities best-positioned for growth. The Yardi Matrix analyst says population growth and an influx of jobs there will boost home prices. Doug Ressler doesn't think there will be a significant drop in home prices in the near future as housing supply stays low. But Ressler, the director of business intelligence at Yardi Matrix, a real-estate intelligence firm, says some markets are more immune to home price declines than others. We've listed the cities below, starting with those best positioned for growth.

Persons: Doug Ressler, Doug Ressler doesn't Locations: Columbus, Nashville, Boise, Minneapolis

Zhang Yaoyu, PCI's global head of LNG trading, declined to comment on the company's traded volume, but said trading was part of the company's overall strategy. By 2026, Chinese companies are expected to have contracted LNG supplies of more than 100 million tons a year. That could mean a surplus of up to 8 million tons that year, according to consultancy Poten & Partners, or a deficit of 5 million to 6 million tons based on estimates from pricing agency ICIS. Qatar, which will be China's largest supplier for 2026, however, offers traditional LNG contracts that are restricted to a single destination or country. These openings in the market and a more liberalised domestic gas market have also prompted smaller Chinese gas distributors and importers to expand into the trading space.

Persons: Dado Ruvic, Toby Copson, Copson, it's, Zhang Yaoyu, Zhang, Jason Feer, Feer, Chen Aizhu, Emily Chow, Marwa Rashad, Yuka Obayashi, Tom Hogue Organizations: REUTERS, 2026 Companies, Shell, BP, International Energy Agency, Offshore Oil Corp, China Gas Holdings, HK, Qatar, Trident LNG, Sinochem, PetroChina International, Poten, Partners, Rystad Energy, Reuters Graphics Reuters, Reuters, PCI, U.S, Beijing Gas, Zhejiang Energy, JOVO Energy, Thomson Locations: Qatar, US, Europe, Asia SINGAPORE, London, Singapore, U.S, Oman, Canada, Mozambique, Shanghai, China, Japan, Beijing, Central Asia, Russia, Southeast Asia, South Korea, Ukraine, ENN, Tokyo

REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Aug 16 (Reuters) - Alibaba Group's (9988.HK) work communication and collaboration platform DingTalk will split from the company's cloud division, according to two sources close to the company. Alibaba's Cloud Intelligence Business Group did not immediately reply to a request for comment on the matter. Though the Slack-like DingTalk will split structurally from Alibaba's Cloud Business Intelligence unit, the sources said it would continue to work closely with the cloud division technology-wise. The tech giant announced the split of its business in March and has said the cloud division was likely to IPO by May next year. Alibaba Group last week reported better than expected results for its first quarter, but sales for its Cloud Intelligence Business Group, a major growth driver outside of e-commerce, reported the smallest revenue growth among the group's business units of 4%.

Persons: Aly, Group's, DingTalk, Casey Hall, Himani Sarkar, Conor Humphries Organizations: Alibaba, Holding, REUTERS, Rights, HK, Alibaba Holding, Cloud Intelligence Business Group, Cloud Business Intelligence, Thomson Locations: Hangzhou, Zhejiang province, China

☆ TD Cowen analyst just made a risky buy call on a bitcoin play
▼ + stars: | 2023-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking for ways to bet on crypto should look closer at a software company with a unique balance sheet, according to TD Cowen. We see MSTR as an attractive vehicle for investors looking to gain Bitcoin exposure," the note said. But Microstrategy's shares are down more than 40% since November 2021, which is when bitcoin hit its record high. The potential positive catalysts for MicroStrategy's stock includes some boosts for bitcoin more broadly, such as the approval of a spot bitcoin ETF and an upcoming halving, according to the note. MicroStrategy is also pushing for accounting rule changes related to bitcoin that could improve its reported numbers.

Persons: TD Cowen, Lance Vitanza, bitcoin, MicroStrategy, Michael Saylor, — Organizations: Street

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