Chinese Exporters Rush to Meet US Import Demand
Located in China's manufacturing hub, Chen suddenly found himself fielding calls from US customers who had just a month ago canceled orders, according to Bloomberg News reporting today from the region. They now wanted those requests filled and sent immediately, trying to beat the 90-day window as the two largest economies continue negotiations.
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Newsweek
an hour ago
- Newsweek
Dallas Housing Market Turns, Number of Homes for Sale Go 'Through the Roof'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Dallas-Fort Worth housing market is experiencing a sharp shift, with the number of homes for sale hitting levels not seen in more than a decade and price growth starting to reverse. The surge in available homes in Dallas marks a stark contrast to the pandemic-era frenzy that saw bidding wars, record price growth, and a flood of out-of-state buyers, according to housing experts. Analysts, meanwhile, point to a combination of factors behind the turnaround: more sellers re-entering the market after holding off during periods of interest rate uncertainty, a wave of new construction, and slowing demand as affordability pressures mount. With prices slipping year-over-year, they remain significantly higher than pre-pandemic levels. Active listings in Dallas-Fort Worth reached almost 32,000 last month, according to Nick Gerli, CEO of real estate data consulting firm Reventure. That is around 60 percent more than the July average of 20,000 going back to 2017. Gerli described the current supply situation as "through the roof" in a post on X earlier this month, noting that the inventory surge is "happening pretty much everywhere in DFW." "[This is] the most selection the market has had since the tail end of the last downturn in 2011–12," Gerli wrote. Currently in Dallas, Zillow says house prices are down 4.6 percent over the last year, with an average value of $315,056. Looking ahead, Reventure forecasts a 7.8 percent drop in Dallas-Fort Worth home values over the next 12 months. On X, Gerli described the market as still "overvalued" by 22 percent and suggested prices may continue to fall for a couple of years before hitting bottom. Housing Price Drop 'Isn't Totally Surprising' For Harrison Polsky, a Dallas-based agent with Douglas Elliman and principal of Catēna Homes, the current cooling follows a period of unusually rapid growth. Between March 2017 and a peak in May 2025, home values in Dallas grew from $185,000 to $331,000, according to Zillow. "What's happening in Dallas-Fort Worth isn't totally surprising," Polsky told Newsweek. "We had such an explosive run-up in prices during the pandemic and people moving here in droves, low interest rates, tons of investor activity. Now we're seeing the market catch its breath. A lot of that outside momentum has cooled, and buyers are just being more cautious. It's not just Dallas—it's happening in other Texas cities too, but we're feeling it here more because we had such a sharp rise to begin with. This is more of a recalibration than a collapse." Some increase in supply is normal during the warmer months, but Polsky said the current surge goes beyond seasonal patterns. "Some of this is definitely seasonal—we always see more homes hit the market in spring and summer," he explained. "But this year feels different. Sellers who were holding off last year because of rate uncertainty are now listing, hoping to catch buyers before prices dip further. At the same time, we're seeing more new construction coming online, and fewer out-of-state buyers compared to the pandemic peak. So, it's not just a seasonal bump—it's a shift toward a market that's getting more competitive." Stock image/file photo: The Dallas skyline taken in late afternoon. Stock image/file photo: The Dallas skyline taken in late afternoon. GETTY Buyer's Market: Prices Drops to Continue Polsky sees Reventure's 7 to 8 percent drop forecast as plausible in certain parts of the metro. "A 7 to 8 percent drop might sound dramatic, but in context, it's not totally out of bounds—especially in neighborhoods where prices got inflated quickly," he said. "That said, I don't think every area will see that kind of dip. Some neighborhoods with strong schools, walkability, or limited inventory will probably hold up better. If rates stay high and inventory keeps climbing, sure, we could get close to that number. But I'd call that the higher end of the range—not a baseline for the whole market." For prospective buyers, the shift could bring long-awaited relief from years of overheated conditions. "If you're a buyer, this is probably the best shot you've had in years to negotiate," Polsky said. "Prices are softer, sellers are more flexible, and you're not having to compete in crazy bidding wars like before. I always tell clients: if you're planning to stay in the home for a while, and you find the right fit, go for it. Waiting for the 'perfect' bottom can backfire—especially if rates tick up again. This is a market where patience helps, but hesitation could cost you the right opportunity." Sellers, however, could be facing a more challenging environment. "You've got to be honest with yourself about today's market," Polsky said. "Gone are the days of throwing out a sky-high asking price and getting multiple offers overnight. Buyers are smarter and have way more options now. The best thing a seller can do is price right from the start, make the home look its absolute best, and be open to conversations. You don't need to give the house away, but you do need to show you're serious about selling. Presentation and realistic expectations are everything right now."
Wall Street Journal
an hour ago
- Wall Street Journal
TNB Tech Minute: Intel's CEO Already at Odds With Board - Tech News Briefing
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julie Chang: Here's your morning TNB Tech Minute for Friday, August 8th. I'm Julie Chang for The Wall Street Journal. We exclusively report that Intel's CEO Lip-Bu Tan has been at odds with his board over the company's strategy in his first few months leading the tech giant. According to people familiar with the matter, Tan and some Intel directors have clashed about whether the company should stay in the manufacturing business or exit it entirely. Yesterday, those tensions were heightened when President Trump unexpectedly called for Tan's ouster, claiming the CEO is conflicted by business ties to China. In a statement to the Journal, Intel said its board and management team are aligned on the company's strategy. SMIC, China's largest chipmaker, said U.S. tariffs should continue to have a limited impact, since domestic demand is increasing sharply and overseas clients are better prepared for the headwinds. The company's domestic market accounted for 84% of its revenue in the second quarter, while the U.S. accounted for just under 13%. That's down from 16% a year earlier. But SMIC reported an almost 20% decline in net profit due to production fluctuations. Shares fell nearly 8%. And Meta Platforms has settled a defamation lawsuit with conservative activist Robby Starbuck. Starbuck alleged the company's artificial intelligence chatbot falsely asserted he participated in the January 6th Capitol riot. Under the settlement, Starbuck will advise the company on removing political bias from its AI tools. Staying on Meta, its new team devoted to building machine superintelligence is now called TBD Lab. The group is spearheading work on the latest version of its Llama large language model. And that's your TNB Tech Minute. Join us again this afternoon for more.
Yahoo
an hour ago
- Yahoo
Thinking of Buying Alibaba Stock? Here's 1 Green Flag and 1 Red Flag.
Key Points AI cloud could be the answer to Alibaba's next phase of growth. But core e-commerce is still dragging. Investors should have the right expectations when investing in the stock. 10 stocks we like better than Alibaba Group › Alibaba (NYSE: BABA) was once the crown jewel of China's internet economy. Today, it's more complicated. The e-commerce giant has faced regulatory crackdowns, weakening Chinese consumer marketing, and fierce competition from fast-moving rivals like Pinduoduo and Douyin. Yet beneath the surface, Alibaba is quietly undergoing a significant transformation -- one that could define its next decade. For investors considering the stock today, here's one green flag that signals long-term potential, and one red flag that still casts a shadow. Green flag: AI and cloud could rewrite Alibaba's growth story Alibaba is no longer content with being just an e-commerce platform. Its most ambitious bet today is on becoming an artificial intelligence (AI)-native enterprise -- and the heart of that shift lies in Alibaba Cloud. Once seen as a lower-margin, China-centric hosting business, Alibaba Cloud has repositioned itself around artificial intelligence. At the core of this transition is its integration with Qwen -- Alibaba's open-source large language model (LLM), which significantly expands the platform's reach beyond just cloud infrastructure. Qwen itself is no lightweight. The latest version, Qwen3, rivals the performance of OpenAI's GPT-4 and Google's Gemini in several benchmark tasks. But that's just one part of the story. The most significant strategic move that Alibaba Cloud has undertaken for Qwen is to make it open-source, inviting anyone to leverage its model to build their own AI applications. This open AI strategy positions Alibaba Cloud to expand beyond China into emerging markets and Southeast Asia, especially in markets where U.S. tech dominance is weaker. As developers build on Qwen, they will naturally utilize other services offered by Alibaba. In other words, Alibaba Cloud aims to become a full-stack AI ecosystem for developers and businesses. Besides investing in Qwen, Alibaba Cloud is also doubling down on its investment in core infrastructure, aiming to invest around $50 billion in the next three years. This planned investment will exceed Alibaba's total AI and cloud spending over the past decade, demonstrating the company's commitment to becoming a leading AI cloud provider. If successful, AI and cloud computing could become Alibaba's growth driver for the next decade, just as AWS is now a key growth driver for Amazon. Red flag: Core e-commerce is still struggling to regain its past glory While AI captures investor attention, Alibaba's core revenue continues to come from domestic commerce. In fiscal year 2025 (ended March 31), this segment accounted for 45% of revenue and 113% of adjusted earnings before interest, taxes, and amortization (EBITA) -- a sign that Alibaba's profits remain heavily dependent on its e-commerce operations. Note that EBITA was 113% since other segments recorded a combined loss in 2024. But growth is sluggish. In fiscal year 2025, ended March 31, 2025, Taobao and Tmall revenue grew just 3%, as consumer sentiment in China remained soft amid a weak economic backdrop and ongoing geopolitical tensions. At the same time, Alibaba is facing intense competition from Pinduoduo's low-price strategy and Douyin's short video commerce -- both of which are quickly capturing market share. Alibaba has attempted to respond by incorporating AI into its shopping experiences and intensifying efforts to reengage merchants and users. Encouragingly, domestic e-commerce revenue grew 9% year over year in the March 2025 quarter -- a notable improvement from the full-year trend. If Alibaba can sustain its execution, it can continue to ride the tailwinds of a growing GDP per capita and a growing retail industry. Still, Alibaba has to prove it can sustain this momentum. The structural pressures -- from competition to shifts in consumer behavior -- won't disappear overnight. What does it mean for investors? Alibaba is at a crossroads. On one hand, it's laying the foundation for long-term success through open-source AI, cloud infrastructure, and international expansion. On the other hand, its dominant Chinese e-commerce business is facing challenges that may persist for some time. For investors looking for short-term upside, there are cleaner growth stories elsewhere. However, those willing to wait for the AI flywheel to turn and who believe Alibaba can navigate China's evolving economic landscape may find this to be an underappreciated opportunity. Either way, Alibaba deserves a spot on your radar. Should you invest $1,000 in Alibaba Group right now? Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Lawrence Nga has positions in Alibaba Group and PDD Holdings. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Thinking of Buying Alibaba Stock? Here's 1 Green Flag and 1 Red Flag. was originally published by The Motley Fool
