Wall Street

Alibaba's Jack Ma resurfaces in China

Alibaba founder Jack Ma is back in China visiting the Alibaba-owned Yungu School in Hangzhou to discuss artificial intelligence-powered chatbot ChatGPT.

Deutsche Bank shares sink: What to know

Shares for Deutsche Bank are down Friday amid concerns the German bank will pay higher costs for financial derivatives, called credit default swaps that insure bondholders against banks defaulting on debt.

Coinbase shares extend losses after crypto exchange explains SEC probe

Shares for the crypto exchange platform Coinbase are down on Wall Street despite the company’s explanation of the Securities and Exchange Commission’s (SEC) alleged violations of federal securities laws related to the company’s staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.

PacWest shares sink despite liquidity lift

Shares are down for PacWest after subsidiary Pacific Western Bank said deposits are stable after receiving 1.4 billion from investment firm Atlas SP Partners.