Wall Street Turns Sour on Once-Buzzy Space Stock After 73% Rout

Wall Street analysts are rushing to slash their price targets on spacecraft and satellites manufacturer York Space Systems Inc., saying the company’s path forward looks uncertain amid supply chain troubles and a slower pace of government contracts. At least six...

Alibaba Profit Dives 75% After AI Spending Hits $10 Billion

Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena. The online retail giant-turned-AI...

JPMorgan Team Sees Credibility Risk in Treasury’s Buybacks

JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up the term premium and yields over time. The Treasury said on Wednesday it would at least...

Bets on Long-Bond ETF Spiked a Day Before US Announced Buyback

One or more investors piled into an exchange-traded fund that’s highly sensitive to swings in long-term US bond yields on Tuesday, a day before the Treasury Department unexpectedly ramped up buybacks of long-dated debt and sparked a rally. The $1.5 billion Pimco 25+...