5news.U.S. news, all in one place

BREAKING

› Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell › Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials › Podcast: One country musician is calling for other artists to oppose assault rifles › Bidets save you money and reduce waste — we tested the best options out there › 50+ products to make your life easier and our planet cleaner › Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love › A head-to-toe guide of how men should dress this spring, and where they should shop › 42 of the most useful travel products you can buy on Amazon › The 7 best high-yield savings accounts of April 2023 › Taxes are due tomorrow. Here's how to file for an extension › Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell › Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials › Podcast: One country musician is calling for other artists to oppose assault rifles › Bidets save you money and reduce waste — we tested the best options out there › 50+ products to make your life easier and our planet cleaner › Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love › A head-to-toe guide of how men should dress this spring, and where they should shop › 42 of the most useful travel products you can buy on Amazon › The 7 best high-yield savings accounts of April 2023 › Taxes are due tomorrow. Here's how to file for an extension

Business

Alibaba shares fall 5% as AI spending drives 75% drop in net income

CNBC · August 20, 2026 at 9:42 AM

Alibaba shares fall 5% as AI spending drives 75% drop in net income

Alibaba's U.S. listed shares were volatile in premarket trading after posting a 75% drop in net income in the June quarter.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

More from CNBC

Treasury yields rebound, wiping out the decline following Bessent's intervention

CNBC · 4 min ago

Dow drops 300 points, hurt by rising Treasury yields and a decline in Walmart: Live updates

CNBC · 24 min ago

Walmart hikes full-year outlook and gets huge tariff refund, but stock falls on sales concerns

CNBC · 30 min ago

Where commercial real estate demand is the highest, according to new data

CNBC · 30 min ago

More in Business

Treasury yields rebound, wiping out the decline following Bessent's intervention

CNBC · 4 min ago

Walmart says it is using $2.9 billion in tariff refunds to lower prices

CBS MoneyWatch · 21 min ago

Our 4-year-old son has $100,000 in his 529 account. Is a bull market a bad time to buy him stocks instead?

MarketWatch · 21 min ago

Democrats sound alarm about a new leader in uniform at Stars and Stripes

Washington Post Business · 21 min ago

Dow drops 300 points, hurt by rising Treasury yields and a decline in Walmart: Live updates

CNBC · 24 min ago

Walmart hikes full-year outlook and gets huge tariff refund, but stock falls on sales concerns

CNBC · 30 min ago