Alibaba has seen surges in mobile engagement during the first quarter of 2017 as it uses AI technology to improve advertisement.Read More »
The showdown between Pershing Square Capital’s Bill Ackman and ADP’s (NASDAQ:ADP) Carlos Rodriguez could intensify on Thursday, as Ackman is expected to detail his plan of progress for the company – the source of an ongoing rift between the pair. Ackman has said he has ideas for “transformative change” at ADP, which will be detailed to investors Thursday. The rift between the hedge fund manager and ADP was born out of an email sent by Rodriguez, on accident, to Ackman.
The dreaded Hindenburg Omen is back. Named after the fiery crash of the German airship 80 years ago, the appearance of this technical pattern sometimes portends a coming stock market crash. Even as the S&P 500 SPX, -1.54% and the Dow Jones Industrial Average DJIA, -1.24% rose on Wednesday, there were more stocks hitting 52-week lows than 52-week highs on the New York Stock Exchange—something the market hasn’t seen since July 2015, according to Jason Goepfert, president of Sundial Capital Research, And this divergence has triggered a Hindenburg Omen on the S&P 500 for five out of the last six sessions. “It is a serious signal that highlights times of decoupling within an index or exchange. The
NEW YORK (Reuters) - U.S. stocks sold off on Thursday, pushing the S&P 500 to its lowest in a month, as escalating worries about the Trump administration's ability to push through its agenda rattled investors. The benchmark index also posted