Alibaba Rises, Caterpillar Falls, Dell Sinks on Tariff Concerns
On this episode of Stock Movers: Alibaba ADRs (BABA) rose after the Chinese e-commerce giant reported a surge in revenue from China’s AI boom, helping offset a surprise drop in profit. Caterpillar (CAT) shares fell after the industrial giant warned that it faces a larger-than-anticipated tariff headwind of as much as $1.8 billion this year. Dell Technologies (DELL) shares down after the computer hardware and server company reported results that showed weakness in margins.See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.