BABA Sep 2024 75.000 call
| Previous close | 13.57 |
| Open | 8.00 |
| Bid | 8.75 |
| Ask | 8.85 |
| Strike | 75.00 |
| Expiry date | 2024-09-20 |
| Day's range | 8.00 - 9.44 |
| Contract range | N/A |
| Volume | |
| Open interest | 29.04k |
- Yahoo Finance Video
New tariffs on China, meme rally, Walmart layoffs: Morning Brief
In today's edition of The Morning Brief, Hosts Seana Smith and Brad Smith break down current market trends and what you need to know for the trading day ahead. Stocks (^DJI, ^IXIC, ^GSPC) opened relatively flat on Tuesday morning following hotter-than-expected Producer Price Index (PPI) inflation data for April. Jefferies Senior US Economist Thomas Simons joins the show to break down the PPI print and what it signals for the Federal Reserve, believing there is a chance interest rate cuts may not happen this year at all. Meanwhile, President Biden is set to unveil a new wave of tariffs on Chinese imports, including electric vehicles, semiconductors, and precious minerals. Yahoo Finance's Jennifer Schonberger analyzes the sectors most likely to be impacted. Meme stocks like GameStop (GME) continue to soar in a second-day rally following the online return of user "Roaring Kitty" on X (formerly Twitter), who was largely responsible for the 2021 GameStop short squeeze. However, the retail sector is under pressure, as Walmart (WMT) is reportedly preparing to lay off hundreds of corporate workers and Home Depot (HD) posted first-quarter earnings that fell below Wall Street estimates, signaling a pullback on consumer spending. Shares of Alibaba (BABA) also sunk after the company posted an 86% loss in profit year-over-year. Tesla (TSLA) is backpedaling its recent decision to lay off most of its Supercharger team, as Bloomberg reports the electric vehicle giant is preparing to rehire some of them. Alphabet (GOOG, GOOGL) is expected to unveil new artificial intelligence initiatives in its Google I/O developer conference today. This post was written by Melanie Riehl
- Yahoo Finance Video
Biden tariffs, PPI, Home Depot earnings: What to watch
According to a Bloomberg report, the Biden administration could make an announcement on tariffs on Chinese EVs as early as Tuesday morning. The tariffs could rise as high as 102.5%. Economic data in the form of the Producer Price Index (PPI) is set to be released with an expected rise of 0.1% compared to last month. Core PPI is expected to remain steady month over month. Federal Reserve Chair Jerome Powell and Fed Governor Lisa Cook are set to speak on Tuesday, potentially commenting on the aforementioned data. Another set of earnings will also be released: Home Depot (HD), Alibaba Group (BABA), On Holding (ONON), Rumble (RUM), Jack in the Box (JACK) For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Associated Press FinanceAlibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges
Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Alibaba said this was primarily due to a lower market value of its equity investments. “This quarter’s results demonstrate that our strategies are working and we are returning to growth,” said Eddie Wu, Alibaba CEO, in an earnings call.
