How much did Jack Ma's speech cost Ant Group? About $230 billion

View in Browser July 10, 2023 Dow 33,944.40 0.62% S&P 500 4,409.53 0.24% NASDAQ 13,685.48 0.18% Last updated July 10 at 4:59 PM ET     How much did Jack Ma's speech cost Ant Group? About $230 billion Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by Chinese regulators.    Read full article   How the Fed's new instant money program could lead to another regional banking crisis FedNow is coming…now-ish. And that means money transfers are expected to get a whole lot faster.    Read full article   PGA Tour board member quits over 'serious concerns' with Saudi deal Former AT&T CEO Randall Stephenson has resigned from his post on the influential policy board of the PGA Tour in protest to the proposed merger with Saudi-backed LIV Golf.    Read full article   Rheinmetall will build and repair tanks in Ukraine, says CEO Rheinmetall will open an armored vehicle plant in Ukraine within the next 12 weeks, shrugging off concerns other Western defense companies reportedly have about building a presence in the country while it is at war with Russia.    Read full article   What is Prime Energy, Logan Paul's controversial energy drink? For being less than two years old, Prime energy and sport drinks are already enduring a major growth spurt.    Read full article   Can AI save commercial real estate in San Francisco? Tech companies and commercial real estate firms say they see bright spots in San Francisco's economy as AI firms drive office leasing demand.    Read full article   Today's movers EVLO 3.23 39.83% Evelo Biosciences, Inc. PWM 25.20 32.01% Prestige Wealth, Inc. NVAX 9.36 29.46% Novavax, Inc. NEON 4.75 35.20% Neonode Inc. GLTA 10.73 27.50% Galata Acquisition Corp. Class A PRST 3.47 18.54% Presto Automation, Inc. Last updated July 10 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303