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Benzinga

Business

Melanie Schaffer

Here's The Bull, Bear Case For Alibaba Stock As Market Looks To Bounce

Alibaba BABA NYSE

Alibaba Group Holdings, Ltd (NYSE:BABA) was trading up over 4% on Tuesday morning after closing Monday’s session down over 10%, in tandem with the general market. The S&P 500 is due for at least a relief bounce, having plunged about 10% over the past four trading days.

The Hangzhou-based e-commerce, internet and technology company has suffered numerous set-backs over the past few years, amid regulatory scrutiny and long-lasting COVID-19 restrictions, including lockdowns that have outlasted, in both length and repetition, the complications faced by companies in the U.S. and Europe.

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Top stories on inkl right now

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

While most of the crowd at a Stop Sexual Violence rally in New York City was mostly women, men of all ages were in attendance too

The Guardian - US

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

GULF BREEZE, Fla. (AP) — Isaias crashed into the U.S. Gulf Coast on Friday as a dangerous Category 2 hurricane, hammering communities in Alabama and the Florida Panhandle with damaging winds, heavy rain, flooding and life-threatening storm surges.

The Independent UK

FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed

FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed

Regulator looks to expand loophole to allow dangerous compounds in food as long as they’re not carcinogenic

The Guardian - US

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

Hurricane Isaias hit Florida hard, leaving many in Georgia without power as it wreaked havoc across the region. Over 100,000 residents statewide faced electricity outages, while counties experienced dangerous storm surges and flash flooding. In light of this crisis, Governor Brian Kemp issued a State of Emergency, aiming to streamline…

The Economic Times

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‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging morale

The Guardian - US

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon is expected to make landfall in Mexico late on Saturday

The Independent UK

Related Stories

Top stories on inkl right now

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

While most of the crowd at a Stop Sexual Violence rally in New York City was mostly women, men of all ages were in attendance too

The Guardian - US

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

GULF BREEZE, Fla. (AP) — Isaias crashed into the U.S. Gulf Coast on Friday as a dangerous Category 2 hurricane, hammering communities in Alabama and the Florida Panhandle with damaging winds, heavy rain, flooding and life-threatening storm surges.

The Independent UK

FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed

FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed

Regulator looks to expand loophole to allow dangerous compounds in food as long as they’re not carcinogenic

The Guardian - US

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

Hurricane Isaias hit Florida hard, leaving many in Georgia without power as it wreaked havoc across the region. Over 100,000 residents statewide faced electricity outages, while counties experienced dangerous storm surges and flash flooding. In light of this crisis, Governor Brian Kemp issued a State of Emergency, aiming to streamline…

The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging morale

The Guardian - US

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon is expected to make landfall in Mexico late on Saturday

The Independent UK

Our Picks

Geordie Greep denies sexual assault allegations from stage in Vancouver

While some heard the former Black Midi frontman out, others made for the exit as he addressed accusations

The Guardian - UK

A woman goes to pour Walmart chicken broth dated 2027, but something is clogging the spout: ‘What the heck is that?’

That’s not how broth pours.

We Got This Covered

A man buys three limited-edition BrüMate cups at Target after two failed trips, then says a woman stopped him on the way out and demanded them back

Didn't see that coming.

We Got This Covered

‘He was just a baby’: A cat owner says his hair-loss treatment cost him his 2-year-old cat, and he’s warning others about minoxidil

Should come with a warning label.

We Got This Covered

A hospital worker’s $15.99 Goodwill find was identified as a Le Pho painting worth up to $80,000

An occupational therapist found a painting for $15.99 at Goodwill while shopping to relieve stress. Notably, the piece was valued significantly higher during an appraisal on Antiques Roadshow. Fine-art expert Betty Krulik identified it as a work by Vietnamese artist Le Pho. The appraisal revealed that similar artworks could sell…

The Times of India

Stark warning – does new footage in Avengers: Endgame reveal the truth about Doctor Doom?

Warning: contains spoilers The four short scenes added to the new version has made the film the highest-grossing of all time – but the only people really enjoying this are the Disney accountants

The Guardian - UK

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