Market Movers

  • SoftBank Sells Alibaba Stake and Focuses on AI Investments. SoftBank has sold a significant portion of its stake in Chinese e-commerce giant Alibaba Group, providing it with additional financial resources. CEO Masayoshi Son now dedicates time to studying SoftBank's AI strategy, indicating a shift towards investments in artificial intelligence.*
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  • Peloton Stock Drops Following Mass Product Recall. Peloton's stock experienced a decline as the company initiated a product recall due to a design flaw discovered in its original bike model, which can lead to unexpected breakage at the seat post weld joint. With thirteen injuries reported, including one wrist fracture, Peloton is taking necessary measures to address the issue.

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