Top stories: Top business news of the day – Tuesday at 1:00 a.m. ET

Alibaba Shares Rise on Hopes for Higher Demand From Mainland Investors

Shares of the Chinese e-commerce giant rose on the Hong Kong stock exchange on expectations that easier access for mainland investors could boost demand.

 
WuXi Companies Say They're Not a Security Risk as U.S. House Passes Draft of Biosecure Act

The U.S. House of Representatives took another step to restrict Chinese companies’ operations in the U.S. by passing the Biosecure Act.

 
Oracle Earnings Beat Estimates. It Has a New Partnership, Too.

The enterprise software company reported revenue of $13.3 billion in the most recent quarter.

 
Under Armour Doubles Expected Restructuring Costs, Cuts Outlook

The latest restructuring actions will result in pre-tax charges of $140 million to $160 million for the fiscal years ending in March 2025 and 2026, the sportswear maker said.

 
Goldman CEO Solomon Expects Trading Revenue Drop in Third Quarter

Solomon blames the decline on difficult macroeconomic conditions, especially in August.

 
Apple Unveils an AI iPhone

The company, which has been struggling with declining sales of its flagship product, released the iPhone 16 with an improved Siri app, AI-powered text editing and photo recognition tools.

 
Palantir Stock Jumps on S&P 500 Addition. Here's Who Else Was Added.

They replace American Airlines and Etsy.

 
Don't Count the Mag 7 Out. And Another Market Tidbit That Might Make Your Day.

Inequality may be the new norm in the tech sector, but it’s not worth betting on technology for the long term.

 
Norfolk Southern CEO Expected to Leave Railroad Amid Board Probe

Law firm to investigate whether Alan Shaw had an undisclosed relationship with employee

 
Fight With Disney Risks 'Monday Night Football' for DirecTV Subscribers

The two sides remain at odds in negotiations over canal freight, with delays caused by fare increases and distribution guarantees.

(END) Dow Jones Newswires

September 10, 2024, 01:15 ET (05:15 GMT)