Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company’s turnaround so far. That’s after co-founder and current Chair Joe Tsai told CNBC in late February he felt a lot more “confident” about Alibaba’s ability to still be a top e-commerce player. Ma stepped down as chairman in 2019 . Wall Street analysts expect business will grow, but last week several trimmed their price targets on the stock. Their shared concern is how much Alibaba is spending in the near term for future growth. JPMorgan lowered its earnings forecasts based on “Alibaba’s increasing commitment to investments in core operations: domestic/international ecommerce and cloud,” China Internet Analyst Alex Yao and a team said in a report on April 9. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. The new price target is still about 33% above where Alibaba’s U.S.-listed shares closed Thursday. The stock has tumbled over a rocky period of about 12 months in which the company shook up its management with a restructuring into six units aimed at spin-offs — “to unlock shareholder value.” One by one, the company has cancelled plans for the IPO of its cloud business, and then its logistics arm Cainiao . “The first thing we did was to acknowledge mistakes,” Tsai told Norges Bank Investment Management’s CEO Nicolai Tangen in an interview, according to a video published on April 3. The firm says it owns 2% of Alibaba. “We’ve acknowledged in the past we might have not focused on our [shopping app] user experience,” Tsai said. “The second thing is to reorganize our personnel, change the organizational structure that fits the strategy.” Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. He succeeded Trudy Dai as head of the Taobao and Tmall e-commerce business in December. Daniel Zhang, the former CEO of the company, abruptly left instead of staying on to lead cloud as originally planned. “Near term, BABA’s financial metrics should remain weak over the next few quarters, given its sustained user investment in Taobao Tmall and [Alibaba International Digital Commerce] investment,” UBS analyst Kenneth Fong and a team said in a report on April 9. “More meaningful upside is likely to be in 2H if macro recovery builds momentum and with more concrete financial results demonstrated from the new business strategy,” UBS said. They cut their price target by $1 to $105 a share and maintained their buy rating. Competition remains fierce across Alibaba’s major business lines. PDD Holdings’ Pinduoduo app and ByteDance’s Douyin, the local version of TikTok, have emerged as two major competitors to Alibaba in e-commerce. The company had spearheaded the industry’s rapid growth in China with its Taobao and Tmall platforms. In the relatively new realm of generative artificial intelligence, ByteDance Doubao chatbot is more popular than Alibaba’s, according to Nomura, citing Questmobile data. Doubao had around 3.7 million users as of the end of March, more than twice that of Alibaba’s Tongyi Qianwen AI chatbot, the data showed. Baidu’s Ernie bot was in second place, with around 2.5 million daily active users. By average daily time spent, Doubao remains first at 8.4 minutes, but Alibaba’s Tongyi Qianwen is second at 7.7 minutes as of the end of March, according to the data. Alibaba is also integrating AI tools and models with its e-commerce and cloud businesses. However, in Tsai’s interview with Norges Bank Investment Management, the Alibaba executive said he estimated that China was about two years behind the U.S. in terms of AI development. AI monetization also got little to no mention in six analyst reports published last week on Alibaba. “We maintain our conservative view towards BABA as business transformation is likely to take time,” Morgan Stanley equity analyst Gary Yu and a team said in a note on April 10. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight. — CNBC’s Michael Bloom and Arjun Kharpal contributed to this report.
‘Barron’s Roundtable’ panelists Ben Levisohn, Al Root and Megan Leonhardt discuss the top three stories from the week.
As the new year gets underway, some Americans may be on the hunt for new jobs.
The 2025 edition of LinkedIn’s “Jobs on the Rise” report released on Tuesday identified positions that have been seeing notable growth in the U.S. in the past few years.
Two roles related to artificial intelligence – artificial intelligence engineer and artificial intelligence consultant – placed first and second in the U.S., according to the report.
The 2025 edition of LinkedIn’s “Jobs on the Rise” report released on Tuesday identified positions that have been seeing notable growth in the U.S. in the past few years. (Jonathan Raa/NurPhoto via Getty Images / Getty Images)
The career-focused website linked that to the massive increase in demand that the AI sector is experiencing.
In addition to AI, a variety of other sectors were represented in the top 10 of the report.
LinkedIn used growth rates calculated from millions of positions that LinkedIn users stepped into during a timeframe spanning Jan. 1, 2022 to July 31, 2024 to craft its U.S. list of booming positions.
The career-focused website linked that to the massive increase in demand that the AI sector is experiencing. (Jaap Arriens/NurPhoto via Getty Images / Getty Images)
The 10 jobs at the top of LinkedIn’s 2025 report included the following:
Artificial intelligence engineer
Artificial intelligence consultant
Physical therapist
Workforce development manager
Travel adviser
Event coordinator
Director of development
Outside sales representative
Sustainability specialist
Security guard
The U.S. report featured a total of 25 jobs in its ranking, some of which were not present in past iterations of “LinkedIn Jobs on the Rise.”
For instance, two positions from the top 10 fast-growing roles – travel adviser and event coordinator – made appearances in 2025 thanks to people taking more trips and attending more live events in the wake of the COVID-19 pandemic, according to LinkedIn.
The U.S. report featured a total of 25 jobs in its ranking, some of which were not present in past iterations of “LinkedIn Jobs on the Rise.” (iStock / iStock)
Some other roles showing up in the top 25 job ranking for the first time this year included artificial intelligence researcher, community planner, land agent, bridge engineer and commissioning manager.
LinkedIn also noted that “almost half of this year’s Jobs on the Rise in the U.S. didn’t exist 25 years ago – including roles like Artificial Intelligence Engineer, Workforce Development Manager and Chief Growth officers – reflecting the evolving world of work and emerging opportunities that jobs seekers may not have considered before.”
Two roles related to artificial intelligence – artificial intelligence engineer and artificial intelligence consultant – placed first and second in the U.S., according to the report. (iStock / iStock)
In late October, ResumeTemplates.com reported 56% of American full-time workers indicated they were “already looking for a new job or plan to start” in 2025.
Check out the companies making headlines before the bell. Nvidia — Shares gained 2.5% after the company announced new gaming chips for PCs utilizing its Blackwell technology at CES in Las Vegas. Getty Images , Shutterstock — Shares of the two image databases were soaring after the companies announced a $3.7 billion merger . Getty rose 45%, while Shutterstock added 24%. The new company will keep the Getty name. Tesla — The electric vehicle company declined 2% after Bank of America downgraded shares to neutral from buy, citing execution risks and a steep valuation. Carvana — The online call selling platform popped 3.8% on the heels of RBC’s upgrade to outperform from sector perform. RBC said a recent pullback creates an opportunity for investors to buy in. Aurora Innovation — Shares surged 37% after the self-driving technology company announced a partnership with Nvidia and Continental to roll out driverless trucks. Inari Medical — Shares popped 21% after Stryker announced plans to buy the medical device maker for roughly $4.9 billion, or $80 per share in cash. Stryker shares slipped nearly 2%. FuboTV — Shares added 2%, a day after soaring 251% on the news Disney will merge its Hulu + Live TV service with Fubo. Disney will own 70% of the company, while Fubo will own 30%. Micron Technology — The chipmaker jumped 3.7%, adding to gains from the prior session when Micron Technology closed up 10%. The move comes after Nvidia CEO Jensen Huang , during a keynote address at CES 2025, said it’s sourcing “G7 memory from Micron” for its new AI-powered graphics processing units. Ulta Beauty — The beauty retailer saw shares rising 1% in premarket after the company announced the retirement of CEO Dave Kimbell, who will be succeeded by Chief Operating Officer Kecia Steelman. Ulta also hiked its outlook, saying its fourth-quarter operating margin will land above the high end of its previously projected range. Uber Technologies – Shares rose more than 2% after the company announced it’s partnering with artificial intelligence chip giant Nvidia to develop AI-powered autonomous driving technology . Uber also announced that it’s working with Bank of America to repurchase $1.5 billion of its common stock through an accelerated share repurchase program. — CNBC’s Yun Li, Alex Harring, Jesse Pound, Sean Conlon, Michelle Fox and Sarah Min contributed reporting
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.
Ann Saphir | Reuters
The early departure of the Federal Reserve’s top financial regulator allows for a more industry-friendly official to take his place, the latest boon for U.S. banks riding a wave of post-election optimism.
Federal Reserve Vice Chair for Supervision Michael Barr said Monday that he plans to step down from his role by next month to avoid a protracted legal battle with the Trump administration, which had weighed seeking his removal.
The announcement, a reversal from Barr’s previous comments on the matter, ends his supervisory role roughly 18 months earlier than planned. It also removes a possible impediment to Trump’s deregulatory agenda.
Banks and other financial stocks were among the big winners after the election of Donald Trump in November on speculation that softer regulation and increased deal activity, including mergers, were on the way. Weeks after his victory, Trump selected hedge fund manager Scott Bessent as his nominee for Treasury Secretary.
Trump has yet to name nominees for the three major bank regulatory agencies — the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau.
Now, with Barr’s resignation, a more precise image of incoming bank regulation is forming.
Trump is limited to picking one of two Republican Fed governors for vice chair of supervision: Michelle Bowman or Christopher Waller.
Waller declined to comment, while Bowman didn’t immediately respond to request for comment.
Bowman, whose name had already appeared on short lists for possible Trump administration roles and is considered the frontrunner, has been a critic of Barr’s attempt to force American banks to hold more capital — a proposal known as Basel III Endgame.
“The regulatory approach we took failed to consider or deliver a reasonable proposal, one aligned with the original Basel agreement yet suited to the particulars of the U.S. banking system,” Bowman said in a November speech.
Bowman, a former community banker and Kansas bank commissioner, could take on “industry-friendly reforms” around a number of sore spots for banks, according to Alexandra Steinberg Barrage, a former FDIC executive and partner at Troutman Pepper Locke.
That includes what bank executives have called an opaque Fed stress test process, long turnaround times for merger approvals and what bankers have said are sometimes unfair confidential bank exams, Barrage said.
Easier ‘Endgame’?
When it comes to the Basel Endgame, first announced in July 2023 before a toned-down proposal was released last year, it’s now more likely that its ultimate form will be far gentler for the industry, versus versions that would’ve forced large banks to withhold tens of billions of dollars in capital.
Barr led the interagency effort to draft the sweeping Basel Endgame, whose initial version would’ve boosted capital requirements for the world’s largest banks by roughly 19%. Now, Barrage and others see a final version that is far less onerous.
“Barr’s replacement could still work with the other agencies to propose a new B3 Endgame rule, but we think such a proposal would be capital-neutral industry-wide,” Stifel analyst Brian Gardner said Monday in a note. “Bowman voted against the 2023 proposal, and we expect she would lead any B3 re-write in a different direction.”
If lenders ultimately beat back efforts to force them to hold more capital, that would enable them to boost share buybacks, among other possible uses for the money.
Bank stocks traded higher Monday after Barr’s announcement, with the KBW Bank Index rising as much as 2.4% during the session. Citigroup and Morgan Stanley, which have both garnered headlines for regulatory matters last year, were among the day’s biggest gainers, each rising more than 2%.
Notably, Barr is not resigning from his role as one of seven Fed governors, which preserves the current 4-3 advantage of Democrat appointees on the Fed board, according to Klaros Group co-founder Brian Graham.
“Barr’s resignation of the vice chair role, while remaining a governor, is actually very clever,” Graham said. “It preserves the balance of power for board votes for a year or so, and it constrains the choices for his replacement to those currently serving on the board.”