Alibaba to Revamp Its AI App “Tongyi” into “Qwen” to Rival ChatGPT
Alibaba is overhauling its “Tongyi” app into “Qwen,” adding AI agent features for shopping and expanding globally — a major step to compete with OpenAI and ByteDance.
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Deutsche Bank Upgrades FireFly Aerospace: Strong Q3 Results Signal Turnaround
Deutsche Bank upgrades FireFly Aerospace (FLY) to Buy with $30 price target. Q3 earnings beat expectations with $30.8M revenue. Stock surges 20% on strong 2025 guidance and resolved engine issues.
Disney Q4 Earnings Miss Wall Street Targets; Big-Budget Films to Pressure Next Quarter
Disney's Q4 revenue of $22.5B misses analyst estimates. Upcoming Avatar and Zootopia releases expected to reduce Q1 earnings by $400M. Stock drops 4% despite streaming gains.
Wells Fargo Upgrades Nike to Overweight as Outlook Brightens
Wells Fargo upgrades Nike (NKE) to Overweight with a new $75 price target, citing improving sales, margins, and innovation momentum.
Flutter Slashes Profit Forecast Amid Customer Winning Streaks, Launches FanDuel Predicts
Flutter Entertainment cuts 2025 profit outlook to $2.9B as gamblers' winning streaks hit payouts. Company launches FanDuel Predicts app to tap prediction markets opportunity.
JD.com Beats Q3 Revenue Forecasts Despite Profit Plunge on New Business Investments
JD.com's (JD) Q3 revenue surged 15% to $42B, surpassing estimates with Singles Day success and 700M active users, though net income dropped 55% amid aggressive expansion into food delivery.