Gap (GPS) — which also owns retail chains Banana Republic and Old Navy — stock continues to pop off on its third-quarter earnings beat on the top and bottom lines. Jefferies Analyst Corey Tarlowe joins Yahoo Finance Live to break down the biggest takeaways from Gap's earnings report and what it signifies for US consumer spending. "Old Navy represents over 50% of sales and profits for the business, we think, and it really... drives the bus, so to speak, for the overall sales and profit trajectory of the enterprise," Tarlowe explains. "And to see after a number of quarters of same-store sales declines, to see that inflection positively I think is welcome news." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Paystack, a Nigerian fintech startup and unit of Stripe Inc, is reducing its operations in Europe and the Middle East to expand in Africa, as it seeks to refocus its business.

Get caught up on the day’s political news

Web3 social network platform Sleek has raised $5 million in seed funding via a token round at a $50 million valuation.

Alibaba scraps cloud business spin-off citing US chip export ban

Coinbase has been the leader in spending efforts for the whole period of 2019-2023, with $7.5 million spent.

United Parcel Service Inc.’s push to adopt battery-powered delivery trucks hit a snag due to financial troubles at Arrival SA, a European electric-vehicle startup that’s running out of cash.

The European Union could reap €628 billion ($681 billion) a year by bringing digitally lagging businesses up to speed, according to a research paper by software publisher Sage.

Alibaba Group Holding Ltd.’s market value has slumped to only about half that of rival Tencent Holdings Ltd. as the former’s e-commerce-centric business faces sluggish demand and intensified competition.

Pramod Mittal’s firm won a settlement tied to a Soviet-era steel plant that has sucked up more than $7 billion in Nigerian public investment without producing any metal.

Prosecutors reiterated their call for eight years of jail time for Lee Jeong-hoon over alleged fraud, local media reported.

China is taking its rivalry with Elon Musk’s Starlink satellites to a new level.

Investors are unhappy that Alibaba’s founder is selling down his shares just when the company is rethinking its business strategy and entering an investment phase.

The Elon, Inc. podcast team discusses the billionaire’s elevation of hate speech on his social media platform.

BANGKOK (AP) — A moderate earthquake shook eastern Myanmar on Friday morning.

European crypto management firm CoinShares has secured the exclusive right to buy the ETF unit of its U.S. competitor Valkyrie Investments as part of a move to expand its presence to America.

The head of Australia’s second-largest telecommunications company, Optus, sidestepped questions from a parliamentary panel about her position following a nationwide outage that disconnected millions of customers and disabled parts of the public-transport network.

A private investigator was sentenced in New York to 80 months in prison after he admitted to his role in a massive hacking ring that targeted hedge funds, short sellers and journalists.

The head of the world’s largest retailer just used the D word on an earnings call: deflation.

Web3 firms must focus on building impactful blockchain-based solutions rather than helping brands with a Web3-based “money grab,” says Amy Peck, the CEO of tech consulting firm EndeavourXR.

Amazon.com Inc. customers will be able to buy Hyundai Motor Co. vehicles on the e-commerce giant’s website starting next year.

The case for companies staying listed on the British side of the pond just got harder to make.

The plan to charge drivers entering downtown Manhattan is the most important American transportation experiment in decades.

Republican lawmaker Mike Gallagher is lobbying for comprehensive bans on key industries, instead of whack-a-mole rules in place now.

CEO Adena Friedman’s recent $10.5 billion Adenza deal underscores a strategic shift from simple stock market to fintech company.

Ahead of CEO Larry Culp’s upcoming conglomerate breakup, recently canceled projects will free the company from more than $1 billion in unprofitable turbine contracts.

Alibaba Group Holding Ltd. tumbled as much as 10% after it called off a spinoff of its giant cloud business as a result of tightened US curbs on advanced chips for China.

A Tesla Inc. investor said she was “appalled” by an Elon Musk post on X agreeing with antisemitic views.

The move marks Avara's second acquisition, following the purchase of web3 social gaming app Sonar in December 2022.

Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext, spoke with Cointelegraph at the Web Summit 2023 about Brazil's cryptocurrency landscape.

Aave Companies rebrands to Avara and acquires Ethereum self-custody wallet Family Wallet as it looks to broaden its Web3 offerings and attract more users.

Animoca Brands, Amazon Web Services and Polygon Labs have partnered to launch the MoonRealm Express Accelerator

CoinShares has until March 31, 2024 to buy Valkyrie Funds and other assets from the digital asset investment firm Valkyrie Investments.

On the backdrop of President Biden's meeting with China's Xi Jinping this week, Alibaba (BABA) has scrapped plans to spin off its cloud segment, citing the Biden administration's recent export restrictions on AI chips to China. KraneShares Chief Investment Officer Branden Ahern comments on Alibaba's value amid international trade pressures and what US tariffs could mean for Chinese business relations. "The Biden administration is looking to reset the relationship," Ahern tells Yahoo Finance on easing trade tensions with China, adding on Biden's meeting with President Xi: "There's clearly [an] effort to stabilize the relationship, and I think that there's really strong progress from the four-hour meeting around further military communication." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Various Chinese stocks are feeling the pressure Thursday morning following yesterday's meeting between President Biden and China's Xi Jinping at the APEC Summit in San Francisco. And Wall Street is on edge. Charles Schwab (SCHW) Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to weigh in on additional factors that are contributing to dips in Chinese and China-exposed stocks. Kleintop suggests that the Biden-Xi meeting might not have been the “big China news” that is moving stocks — it could be the upcoming Taiwanese election. With increasing interest in relations with China, Kleintop notes a "reversing intellectual capital flow", where innovation and technology are coming from China to the West for the first time in recent business cycles. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

The APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco continues after its headline event: President Biden's meeting with Chinese President Xi Jinping on Wednesday. Chinese stocks are seemingly still reeling from the talks between the world leaders and forecasts on business investments into China, as Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) shares see losses in today's pre-market trading. Yahoo Finance Markets Reporter Jared Blikre takes a closer look at Chinese and China-exposed stocks in relation to China's expected GDP decline. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

The move comes nearly a week after Anchorage's partnership with Digital Prime Technologies to enable institutional crypto lending services.

Delta Blockchain Fund CEO discusses the impact of the recent crypto surge on the early-stage venture landscape.

Union Labs raised $4 million in seed funding to build a bridge connecting different Layer 1 and Layer 2 networks with zero-knowledge proofs.

Philippines' state-owned Development Bank of the Philippines and Land Bank of the Philippines serve as the issue managers for the tokenized treasury bonds.

The world's largest Bitcoin mining company is set to geographically diversify business, leading to a gradual decrease in production costs

South Korea’s National Pension Service acquired $20 million in Coinbase shares in Q3 2023, according to a stock holdings report with the U.S. SEC.

Billionaire enterpreneur Elon Musk has denied plans that SpaceX's Starlink is billed to go public via IPO by 2026.

The tokenization of real-world assets using blockchain technology has gained popularity among governments after years of various proofs-of-concept. T

Gulf Binance will launch on an invitation-only basis before its slated to roll out to the public early next year.

National Pension Service’s latest holdings report showed it bought Coinbase shares in the third quarter of this year.

Solana Labs poured cold water on CertiK’s claims that its Saga phone contains a vulnerability, saying the attack would only be possible if the attacker knew the user’s passcode.

SpaceX is discussing an initial public offering for its fast-growing Starlink satellite business as soon as late 2024, people with knowledge of the matter said, in a bid to capitalize on robust demand for communications via space.