Alibaba, China's largest online commerce company, shot out of the gate midday Friday at $92.70 a share in a stunning public trading debut, leaping above the $68 it priced at last night and leaving Wall Street traders with a spring in their step after a rough and uncertain week. read more
You can guess: All the usual suspects, aka private equity firms that make a bundle off of out-psyching the marketplace. They don't actually have to drink the kool-aid, they just have to make you think they're drinking the kool-aid. read more
Alibaba's IPO is the largest in the world. China's e-commerce market is still going strong and expectations for Alibaba are high. Still, Alibaba is facing a slew of new business challenges. read more
Wall Street may even get updates on the IPO of giant Chinese e-commerce company Alibaba. Monday sees the leaders of the so-called BRICS nations – Brazil, Russia, India, China and South Africa – meeting in Brazil to discuss infrastructure developments and a special reserve fund. read more