U.S. stock futures are indicating a sharply higher Thursday open on Wall Street, as the Fed's dovish stance fuels hopes for future interest rate cuts.Morning Briefread more
Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
An Iranian surface-to-air missile shot down a U.S. military surveillance drone in international airspace over the Strait of Hormuz Thursday morning, the Pentagon said.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
This month's chipmaker stock surge hasn't been enough to escape correction territory. One technician says relief could be ahead for the slammed semis.Trading Nationread more
The success of Alibaba in China and beyond is like the "American Dream," said Duncan Clark, a former advisor to Alibaba in its early years and the author of the new book "Alibaba: The House that Jack Ma Built."
Ma, the founder of Alibaba who started out as an English teacher, build the Chinese firm into a worldwide internet retailing powerhouse in about 15 years. Alibaba's $25 billion initial public offering on the New York Stock Exchange was the biggest IPO ever.
"To some extent, [Jack Ma] is a vessel we pour our hopes into for how we would like China to be. Because [Alibaba] is kind of the 'American Dream,'" Clark told "Squawk Box " on CNBC. "Alibaba is kind of the 'Kleenex' of commerce."
Alibaba grew out of the "pretty bad" brick and mortar retail experience in China, said Clark, currently chairman of the Beijing consultancy BDA China. He was formerly a tech investment banker with Morgan Stanley in London and Hong Kong.