Three Surprising Spots of Strength in the Market, and Why a Spinoff is Better than an IPO 3/28/23
CNBC's "Fast Money"
00:00
The Six-Way Split for Alibaba
The S&P closed down about a 10th of a percent breaking three-day wind streaks. Shares of Walgreens jumping nearly 3% after delivering results today. Alibaba announced it will split into six separate companies, each with the ability to raise outside funding and explore going public. Jim wasn't a fan of the overall reach out by China to the business community.
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