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Alibaba Says It Considers Selling Convertible Bonds to Raise $5 Billion, Then Its Hong Kong Shares Suddenly Dropped

Alibaba Says It Considers Selling Convertible Bonds to Raise $5 Billion, Then Its Hong Kong Shares Suddenly Dropped

Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.


FAA's Mike Whitaker Says Boeing Needs More Time to Address Safety Issues

FAA Administrator Mike Whitaker said Boeing has a long way to go before regulators are satisfied with its manufacturing safety efforts.

Donald Trump's Ex-Fixer Michael Cohen Admits Stealing Thousands From His Former Boss' Company

Michael Cohen, the former lawyer and fixer of Donald Trump, admitted on his last day of testimony that he stole thousands of dollars from the former president's company.

Memorial Day Travel Surge: Millions of People Expected to Hit the Road, Airports Brace for Record Crowds

As the Memorial Day weekend approaches, Americans are advised to plan ahead if they are to travel, especially in areas where the weather may not cooperate.


Latest News

Cancer Victims Sue J&J for Alleged ‘Fraudulent’ Transactions
A new class action lawsuit accuses Johnson & Johnson of using fraudulent bankruptcy maneuvers to delay court trials for cancer claims related to its talc-based baby powder, preventing victims from seeking justice.
Elon Musk’s X to Make ‘Likes’ Private so Users Can Like 'Edgy' Posts Without Worrying
Elon Musk's X is considering a major update that could alter how users engage with its content: hiding likes by default.
Meta's Election Tools Blocked Over Privacy Concerns Ahead of European Parliament Vote
Meta and Google have reportedly talked with major Hollywood studios for licensing deals that could enhance the tech giants' AI video generation software.
US-TRANSPORT-ACCIDENT-FIRE
Norfolk Southern will pay over $310 million for the 2023 tragic train derailment in East Palestine, Ohio.
Tobacco Companies Employing a Myriad of Tactics to Attract Young People to Use Vapes, WHO Says
The World Health Organization (WHO) has accused tobacco companies of employing a myriad of tactics to attract young people to use vapes.
airport wheelchair
Frontier Airlines CEO Barry Biffle proposes penalties for travelers who falsely claim to need wheelchair assistance.
TSA Issues Apology for Unannounced Cuban Delegation Visit to Miami Airport
The Transportation Security Administration (TSA) apologized to the officials of Miami after its agents gave a tour to a delegation from Cuba, currently a regional adversary of the United States.
Delivery of Boeing's KC-46 Tanker to US Air Force Delayed Due to Refueling Boom Issues
The US Air Force revealed that Boeing has paused its delivery of KC-46A airborne tankers due to what the company said was an issue about a broken part of the aircraft’s refueling boom.
SpaceX Considers Selling Shares in Tender Offer, Eyeing $200 Billion Valuation
SpaceX is reportedly in discussions to sell existing shares in a tender offer that could value the company at around $200 billion.
PC Pioneer Chester Gordon Bell Dies at 89
The family of personal computer pioneer Chester Gordon Bell announced his death on May 17. Chester Gordon Bell, who pioneered the era of more powerful personal computers in smaller and more portable frames in the 1960s, died on May 17 at the age of 89.