The Rally Is Overdone as Alibaba Group Holding Ltd Hits An All-Time High

The latest pop in BABA stock was fueled by positive comments from Stifel analyst Scott Devitt who expects Alibaba to will continue to benefit from increasing online/mobile shopping penetration, offline/online retail integration and China's emerging middle class. While BABA still may have room to run in the longer term, in the short term I feel the stock has come too far, too fast. Given the recent red-hot rally, it is healthy for BABA stock to pull back and consolidate.

The Latest: Trump hails big tariffs on China

President Donald Trump is hailing his "very big tariffs" on China. Trump is speaking Friday on the North Lawn of the White House, just as his administration just announced a 25 percent tariff on up to $50 billion worth of Chinese imports. Trump says there is "great brain power" in this country.

China announces equal penalties to retaliate for US tariffs

China's government responded quickly to U.S. President Donald Trump's tariff hike on Chinese goods by announcing Friday it will immediately impose penalties of "equal strength" on U.S. products. The Commerce Ministry said it also was scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and technology policy. Much of the impact would fall on Trump's rural supporters.

Apple’s new Mac ads show that even Grimes uses dongles

Apple has launched an new advertising campaign for the Mac called “behind the

American Air Partner to Resume Flights Midday After 675 Canceled

American Airlines Group Inc. was working to move stranded passengers after problems with a regional carrier's dispatch and crew-scheduling system forced the cancellation of 675 flights over two days. The outage has affected about 4 percent of American's global flight operations, primarily shorter routes from its hub in Charlotte, North Carolina, the carrier said by email Friday. Operations at the affiliate, PSA Airlines, were expected to resume midday.

How Exxon Mobil (XOM) Stock Stands Out in a Strong Industry

Exxon Mobil (XOM) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

Spot rates soar as load volume increases