The majority of China stocks ralied in today's trading hour which was led by the news of Alibaba splitting into 6 different companies : Cloud Intelligence Group, TaoBao, Local Services Group, Cainiao, Global Digital Commerce Group and Digital Media & Entertainment. This split in the company caused Alibaba shares to jump by 15% in its US listed shares due to people thinking that by splitting the company, China's regulators will reduce their focus on them. This is because the regulators don't want a company to be too large thereby having too much power in the market, so by splitting the company into 6 parts, investors are pricing in the potential for regulators seeing Alibaba as 6 big companies instead of 1 mega large company, thereby reducing regulations on them. Despite this, Alibaba a

Apple Pushed Back Projects, Paused Hiring, Micromanaged Teams Amid Efforts To Rein In Costs And Avoid Mass Layoffs Unlike many of its tech peers, $Apple(AAPL)$ has so far refrained from any large-scale layoffs. The tech giant would have a harder time justifying such a step, said Bloomberg columnist Mark Gurman in his latest installment of the "Power On" weekly newsletter. Few Things Going In Apple's Favor: Apple is far more profitable than any other tech company and it earned $30 billion in profits in the December quarter alone, Gurman said. The company also has a war chest of $165 billion and a reputation for stability, he added. Also, the company has some momentum currently, given the 20% year-to-date gain for the

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What Happened To META $Meta Platforms, Inc.(META)$ Meta Platforms, Inc. (META), previously known as Facebook, has announced the layoff of an additional 10,000 workers this year, which caused its stock to rise 7.25% higher yesterday. Reasons why META stock increase First, layoffs are typically viewed as a cost-cutting measure that can lead to higher profits for companies. Investors often perceive such actions as a sign that management is taking steps to improve the bottom line, which can boost the company's stock price. Additionally, the layoff announcement might have been viewed positively by investors because it represents a strategic move by the company to realign its workforce with its evolving business goals. META has been shifting its fo

Bitcoin, Ethereum, Dogecoin Gain After Inflation Data: Analyst Sees $30K For Apex Crypto As 'Fed's Work Is Almost Done' Major cryptocurrencies traded in the green late on Tuesday after the release of the February Consumer Price Index, which showed a decline in inflation to 6% from the previous month's reading of 6.4%. What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) rose above $26,000 for the first time in nine months before dipping to $25,000. It showed a double-digit increase for two days in a row, reaching a peak of $26,100 before paring some gains. Ethereum (CRYPTO: ETH) was up 2.31% at over $1,700. Dogecoin (CRYPTO: DOGE) was trading at $0.075, up 3.92% in the last 24 hours. At the time of writing, the global cryptocurrency market capitalization stood at $1.10 trillion, an inc