Alibaba is divided into six groups and explores IPOs unlike the Jack Ma era

Chinese e-commerce giant Alibaba Group Holding Ltd. BABA 13.24% said it plans to split itself into six independently run companies that could seek separate IPOs, effectively breaking up the business empire that charismatic entrepreneur Jack Ma built over two decades, just as Tycoon re-emerged in China. The reorganization of one of China’s biggest private companies, … Read more

Disney is eliminating its Metaverse division as part of the company’s layoff plan

Mickey Mouse has left a metaverse. Walt Disney C/o. DIS 1.64% has eliminated its next-generation storytelling and consumer experience unit, a small division that developed metaversal strategies, according to people familiar with the situation, as part of a broader restructuring that is expected to reduce staffing by about 7,000 people across the company. the next … Read more

Netanyahu offers a compromise on reforming the judiciary

March 27, 2023 at 6:33 PM ET Israeli Prime Minister Benjamin Netanyahu stands in the Knesset in Jerusalem on March 27. Picture: marc israel sellem/Agence France-Presse/Getty Images The world’s progressive elite sees dictatorship in every conservative corner these days, and Israel’s proposed legal reform has been the latest target. Prime Minister Benjamin Netanyahu’s decision on … Read more

Israel’s Netanyahu suspends judicial reform plan as protests intensify

TEL AVIV – Israeli Prime Minister Benjamin Netanyahu on Monday suspended a controversial justice reform plan that has sharply divided the country. The move appeared to calm tensions after anti-government protests and strikes rocked the nation. Opposition leaders welcomed the announcement and said they were ready to negotiate, and the country’s largest union called off … Read more

Jack Ma, the founder of Alibaba, returns to China after a year’s break

Jack Ma, Alibaba Group Holding Ltd. The company’s billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. Mr. Ma’s travels have come under close scrutiny as China’s leadership seeks to regain the confidence of entrepreneurs after years of regulations and Covid-19 pandemic measures have … Read more

Why the stock market has weathered the worst banking crisis since 2008—so far

Judging from the most important indices, stock market investors lose their temper more than the central bank raises interest rates in the middle of the worst banking crisis since the 2008 financial crisis. “Investors generally assume that regulators will step in and isolate the sector if necessary, preventing it from spreading to the broader market,” … Read more

Pentagon Woos Silicon Valley to Join Arms Makers

The Pentagon is looking to get Silicon Valley startups to fund and develop new weapons technology and more nimble suppliers as the United States tries to keep pace with China’s military advances. The push to tap private capital comes amid concerns that the concentration of the U.S. defense industry has led to a reliance on … Read more

Apple’s Tim Cook takes the stage in China to applause

BEIJING – Apple Inc.’s AAPL 0.83% Tim Cook took the stage Saturday at a Chinese government-sponsored economic conference in Beijing to deliver a rousing speech that was met with applause. The treatment his TikTok counterpart received a day earlier in Washington could not have been more different: hours of questioning by lawmakers over the short … Read more

We want to retire in about 5 years, but have $150,000 in credit card debt and loans and $1.4 million locked up in retirement accounts – “we really want to be retired”

I am trying to get outside guidance for retirement in the next five years Thu 7 years. I amI have to work until I’m 59 1/2 to start using retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stocks, a rental house we owe $245,000 on that brings in $1700 … Read more

Welcome to the Superprime banking crisis

Rich people’s banks are different from other banks. They used to have more money. The last banking crisis featured subprime borrowers, particularly people with troubled credit, who were given mortgages by bankers who ignored the risk that the borrower could not realistically afford them. The banks that got into trouble were those that made such … Read more