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Alibaba Calls Off Cloud Spinoff in Major Blow to Overhaul Effort

(Bloomberg) -- Alibaba Group Holding Ltd. has called off a spinoff of its giant cloud business after the US tightened curbs on advanced chips for China, stunning investors and casting in doubt a historic overhaul announced mere months ago.Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Israel Latest: Biden Defends...
Hong Kong China General Peter Elstrom Eddie Wu Zheping Huang Tiffany Tam
Source: yahoo.com

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Daily Game Plan

TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Import Price Index, Weekly Jobless Claims, NY Fed Services Business Activity, Philadelphia Fed Business Outlook, Fed’s Mester speaks; 9:15ET Industrial Production, Capacity Utilization, Manufacturing (SIC) Production; 9:25ET Fed’s Williams speaks; 10:00ET NAHB Housing Market Index; 10:30ET Fed’s Waller speaks; 11:00ET Kansas City
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