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Walmart (WMT.N) shares fell 9.2%, marking the biggest one-day drop since May 2022.

2026-08-20

Walmart (WMT.N) shares fell 9.2%, marking the biggest one-day drop since May 2022.

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2026-08-20

Alibaba Group reported quarter ended June 30, 2026: group revenue rose 9% YoY. Management said Alibaba Cloud's external commercialization revenue growth accelerated to 45% YoY and AI-related product revenue posted triple-digit YoY gains for a 12th co

Alibaba Group reported quarter ended June 30, 2026: group revenue rose 9% YoY. Management said Alibaba Cloud's external commercialization revenue growth accelerated to 45% YoY and AI-related product revenue posted triple-digit YoY gains for a 12th consecutive quarter. The company launched AI productivity platform Qianwen Office. Cloud revenue continues to accelerate; a higher-quality revenue mix and operating leverage lifted group EBITA margin to 12%. Instant retail kept market share while improving efficiency and e‑commerce profits remained steady. Management reiterated disciplined, ongoing investment in full‑stack AI as AI commercialization scales, which it said will increase strategic and financial flexibility.
2026-08-20

Paul Musgrave, associate professor of government at Georgetown University’s Qatar campus, says President Trump’s effort to pressure countries that trade with Iran via unilateral sanctions will be very difficult to implement. He notes such measures ty

Paul Musgrave, associate professor of government at Georgetown University’s Qatar campus, says President Trump’s effort to pressure countries that trade with Iran via unilateral sanctions will be very difficult to implement. He notes such measures typically require multilateral coordination — including buy-in from Russia and other UN Security Council permanent members — though if enforced they could still yield some results. Musgrave adds Iran’s trade is concentrated in a few partners and the UAE has already suspended related transactions, signaling potential near-term trade disruption.
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