To The Moon

-- Alibaba Group Holding Ltd. received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.Tesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025. Saudi Arabia Offers Iran Investment to Blunt Gaza War. These Are the World's Most Expensive Cities to Live In Right Now. Biggest Blowout in Bonds Since the 1980s Sparks Everything Rally. Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to $90 from $110. That’s the first downgrade on the company’s US-listed shares since late June, according to data compiled by Bloomberg.Alibaba is seeing a slower-than-expected turnaround, and its decision to withdraw the spinoff of its cloud business “brings uncertainty to the value-unlocking from reorganization,” analysts including Eddy Wang and Gary Yu wrote in a report dated Thursday.

Charlie Munger,who died on Tuesday at age 99, was best known asWarren Buffett’s sidekick, though he was a formidable investor and investment thinker in his own right.Munger first met Buffett in 1959 t