Markets
Alibaba 2025 Q3 Net Profit Increased Significantly
Visitors at an Alibaba exhibition in Hangzhou city (CFOTO/Getty Images)
BABA BOOM

GameStop CEO Ryan Cohen reportedly ups stake in Alibaba to $1 billion

It’s the latest vote of confidence in Alibaba after a year where everything’s gone right.

Luke Kawa

Game(Stop CEO) respects game.

Ryan Cohen, head honcho at GameStop, has reportedly increased his personal stake in Alibaba to about $1 billion, according to The Wall Street Journal.

The Chinese e-commerce and cloud giant has had everything go right in 2025: its recently released strong results, the success of its AI models, its AI partnership with Apple, the preservation (for now) of the “de minimis” shipping exemption, and a vote of confidence from another billionaire investor, David Tepper, who also doubled down on the stock heading into this year.

All this has helped propel shares up 60% year-to-date. In the S&P 500, only Super Micro Computer has enjoyed a larger gain in 2025.

Previous reports said Cohen had built a major position in the company in early 2023 and pushed it to boost buybacks, arguing that its shares were undervalued.

Comparing one e-commerce giant with a cloud business to another, Alibaba trades at far lower multiples than Amazon on both forward price to earnings and enterprise value to estimated EBITDA ratios.

Alibaba’s robust quarterly results, released on Thursday, helped spur a massive rally in Chinese tech stocks to end the week.

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Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings
markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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