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Forget the food delivery war — Alibaba makes clear the real play in China is AI Huileng TanSeptember 1, 2025 at 12:22 AM People visit an Alibaba booth at an exhibition in China.VCG/Getty Images Alibaba stock surged despite an earnings miss. AI and cloud growth stole the spotlight.

- - Forget the food delivery war — Alibaba makes clear the real play in China is AI

Huileng TanSeptember 1, 2025 at 12:22 AM

People visit an Alibaba booth at an exhibition in China.VCG/Getty Images -

Alibaba stock surged despite an earnings miss.

AI and cloud growth stole the spotlight.

But it's in a cutthroat, cash-burning food delivery war with Meituan and JD.com.

Tech giant Alibaba has been fighting a bruising food delivery war in China. But the company's latest earnings make it clear that artificial intelligence is what investors really care about.

On Friday, Alibaba reported a 2% rise in overall revenue to 247.65 billion Chinese yuan, or $34.6 billion, for the quarter ended June 30 — missing analysts' forecasts of $252.92 billion yuan in revenue. Operating profit dropped 3% to 35 billion yuan.

Despite that drag, investors piled in.

Alibaba's New York-listed shares closed 12.9% higher on Friday to $135 apiece, while its Hong Kong-listed stock gained as much as 18% Monday morning.

The rally was fueled by a triple-digit percentage gain in AI-related product revenue and Alibaba Cloud's 26% year-over-year revenue surge to 33.4 billion yuan — beating analyst expectations for an 18% rise.

That performance underscores how investors are zeroing in on AI as Alibaba's next growth engine.

"Our investments in AI have begun to yield tangible results," said Alibaba Group CEO Eddie Wu on Friday's earnings call.

"We're seeing an increasingly clear path for AI to drive Alibaba's robust growth," Wu said.

Analysts are upbeat too.

"For Cloud, it maintains accelerating growth on rising AI adoption with enhanced modeling capabilities and strong inference/training demands," wrote equity analysts at Jefferies on Friday.

That long-term upside explains why investors are looking past the bruising economics of food delivery.

Quick commerce drags on profits

The cloud boom stands in sharp contrast to Alibaba's costly delivery battles.

Alibaba's China e-commerce business — which includes its traditional e-commerce and food delivery businesses — managed a 10% revenue growth from last year, to 140 billion yuan.

But, earnings before interest, taxes, and amortization fell 21% from a year ago amid heavy subsidies for food delivery and instant shopping.

That weakness reflected the heavy toll of Alibaba's quick commerce push. It has been burning billions of yuan to compete with rivals Meituan — the market leader — and new entrant JD.com in food delivery and instant shopping.

Jiang Fan, Alibaba's e-commerce chief, acknowledged on Friday's call that the company has spent heavily to build up the quick commerce business, but said the losses will shrink as repeat customers drive efficiency.

Nomura analysts wrote on Monday that Alibaba's quick commerce sector has scaled up enough for the company to "shift emphasis from land grabs to optimizing efficiency."

Chelsey Tam, a senior equity analyst at Morningstar, struck a similar note, arguing Alibaba is better positioned in the current food delivery battle.

"We believe Alibaba has leveraged its ecosystem resources far more effectively than in previous food delivery competitions, increasing its chances of gaining market share and achieving profitability in the medium term," wrote Tam on Friday.

Alibaba's stock is 59% higher in New York this year. Its Hong Kong-listed stock is up 65% over the same period.

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Forget the food delivery war — Alibaba makes clear the real play in China is AI

Forget the food delivery war — Alibaba makes clear the real play in China is AI Huileng TanSeptember 1, 2025 at 12...

I'm a Frugal Shopper: Always Buy the Cheapest Version of These 7 Foods Jennifer TaylorSeptember 1, 2025 at 2:03 AM Brothers91 / Getty Images/iStockphoto Groceries are expensive and food costs seem to be skyrocketing again, so looking for ways to save not only makes sense — it's becoming a necessity.

- - I'm a Frugal Shopper: Always Buy the Cheapest Version of These 7 Foods

Jennifer TaylorSeptember 1, 2025 at 2:03 AM

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Groceries are expensive and food costs seem to be skyrocketing again, so looking for ways to save not only makes sense — it's becoming a necessity. As a frugal shopper, paying more than necessary is a no-go, but you also don't want to purchase low-quality food. Thankfully, more expensive brands don't mean you're actually getting better products. This is sometimes the case, but certainly not a hard-and-fast rule.

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Certain foods are worth spending more for organic items or high-end brands, especially when it comes to your health. However, this can't be said for every grocery item when it comes to the health of your wallet. As a frugal shopper looking to keep your grocery bill as low as possible — while still buying quality items — here's a look at seven foods you never need to overspend on.

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Canned Tomatoes

A popular item due to their cheapness and ease of handling, canned tomatoes are a kitchen staple, said Sunita Yousuf, founder of The Wannabe Cook.

"They usually go for less than $2 per can, serving a lot before going bad, thus minimizing the amount of food wasted," said Yousuf. "Among other vitamins, it's rich in vitamin C and lycopene, but tomatoes are also full of antioxidants that fight different types of inflammation."

You'll get these benefits from any canned tomatoes, so there's no need for a more expensive variety.

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Potatoes

"All in all, potatoes certainly are a must-have in every kitchen," Yousuf said. "Besides being affordable, they cost less than $5 for five pounds, making them common in households."

She said they were originally considered unhealthy, but that isn't the case.

"Potatoes provide a significant portion of potassium, a vital mineral for balancing body fluids and muscle function," Yousuf said. "Choosing sweet potatoes as an option will add more roughage and beta-carotene to your meals, so you get additional food value."

Milk

When browsing the supermarket's milk aisle, you might be hesitant to try the store brand because you're familiar with the taste of a well-known variety. However, Scott Lieberman, founder of Touchdown Money, said milk isn't an item to splurge on.

"Milk from a name brand dairy farmer isn't going to taste any different or be any more nutritious than store brand milk," Lieberman said. "Usually, you'll save a dollar or two per gallon."

Eggs

When browsing your supermarket's egg aisle, you're likely faced with plenty of choices. This can feel overwhelming if you're concerned about the quality of one brand versus another, but Lieberman said there's no need to overspend.

"Unless you're going directly from the farmer, there's no difference in quality here," he said. "It's a good idea to save here when you can."

Frozen Vegetables

Eating healthy doesn't have to cost a fortune. If you like your freezer stocked with frozen vegetables, Lieberman said there's no need to stress about brand names.

"Flash-frozen vegetables are frozen at the peak of freshness, so you'll get the same great taste regardless of brand," he said.

Rice

Another pantry staple, rice is a family favorite both for its versatility and notoriously low cost. Of course, some brands are cheaper than others, but Lieberman said you can buy the cheapest.

Beans

What goes better with rice than beans? Equally versatile and affordable, you can't go wrong loading up on beans. "These products last forever, and the quality won't be any different between brands," Lieberman added.

This means you have the green light to stock up on any brand of rice and beans the next time you find a sale.

Caitlyn Moorhead contributed to the reporting for this article.

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New Photo - The fall of any euro zone government would be

The fall of any euro zone government would be "worrying", says ECB's Lagarde Dominique VidalonSeptember 1, 2025 at 1:37 AM By Dominique Vidalon PARIS (Reuters) France is not currently in a situation that would need the International Monetary Fund (IMF) to intervene but any risk of a government falli...

- - The fall of any euro zone government would be "worrying", says ECB's Lagarde

Dominique VidalonSeptember 1, 2025 at 1:37 AM

By Dominique Vidalon

PARIS (Reuters) -France is not currently in a situation that would need the International Monetary Fund (IMF) to intervene but any risk of a government falling in the euro zone is "worrying", European Central Bank President Christine Lagarde said on Monday.

Speaking to broadcaster Radio Classique, Lagarde said fiscal discipline remained imperative in France, and that she was looking very attentively at the French bond spreads situation.

French opposition parties have said they will bring down the minority government in the September 8 confidence vote which Prime Minister Francois Bayrou unexpectedly announced last week, over his unpopular plans for a budget squeeze in 2026.

This has hit the stock and bond markets of France, which is the euro zone's second economy.

French banks have come under pressure, but Lagarde said the French banking system was better placed compared to the 2008 financial crisis.

"I believe that the French banking system is well capitalised, that it is in better shape than it was during the last major financial crisis, that it is well structured, well supervised, and has responsible players," she said.

"I do not believe that the banking system itself is in any way the source of the current risk, but markets, in all circumstances of this nature, assess the risk," she added.

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)

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The fall of any euro zone government would be "worrying", says ECB's Lagarde

The fall of any euro zone government would be "worrying", says ECB's Lagarde Dominique VidalonSeptem...

Dak Prescott reacts to Micah Parsons trade to Packers: 'I wasn't surprised' Scott ThompsonAugust 31, 2025 at 10:28 PM The highestpaid player in the NFL reacted to the new highestpaid nonquarterback in the NFL being traded from his Dallas Cowboys.

- - Dak Prescott reacts to Micah Parsons trade to Packers: 'I wasn't surprised'

Scott ThompsonAugust 31, 2025 at 10:28 PM

The highest-paid player in the NFL reacted to the new highest-paid non-quarterback in the NFL being traded from his Dallas Cowboys.

Micah Parsons being traded to the Green Bay Packers remains a shock to some, even three days after Jerry Jones fulfilled the All-Pro's trade request. As a result, the Packers dished out a massive four-year, $188 million deal that became an NFL record for the most money paid to a non-quarterback.

Dak Prescott, Parsons' former teammate and the highest-paid player in the league after receiving his desired long-term extension last offseason, spoke about Parsons being dealt.

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Dallas Cowboys quarterback Dak Prescott (4) sits on the bench in the first half of an NFL football game against the Detroit Lions in Arlington, Texas, on Sunday, Oct. 13, 2024.

"I definitely didn't think he was going to get traded," he said, per The Athletic. "But just with the way their negotiations went down, obviously to some extent. It seemed like it got personal on their ends, so that's why I wasn't surprised."

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Prescott added that he's happy there was an end result to the tension that was created between Parsons and Cowboys owner Jerry Jones.

"If nothing had been done, we'd sit here and y'all still would've been asking me whether he was playing in a couple days or when he was going to be playing," Prescott said, via the Dallas Morning News. "That would've been a lot more of a headache and distraction than getting a solution to it."

Prescott previously expressed confidence that Parsons would get a deal much like he and star wide receiver CeeDee Lamb did last offseason. He also thought it would be done before Dallas kicked off against the Philadelphia Eagles this Thursday.

Green Bay Packers Micah Parsons speaks at his introductory news conference Friday, Aug. 29, 2025, in Green Bay, Wisconsin.

But the blockbuster trade was made official this past Thursday, with the Cowboys securing the Packers' next two first-round picks as well as All-Pro defensive tackle Kenny Clark in exchange for Parsons.

Jones had stated he wouldn't put too much worry into Parsons' trade request. But he justified the trade after making it on Thursday, saying that the move was made with the focus on success for the team now and in the future.

As the Cowboys and its fan base processed the shocking move, Prescott said that he simply told Parsons "good luck" while revealing the two shared some messages with each other after the trade. Players like Lamb and Trevon Diggs also wished Parsons luck.

The Cowboys will see him this season, though, with Prescott having to worry about Parsons rushing his pocket in Week 4 on "Sunday Night Football."

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Original article source: Dak Prescott reacts to Micah Parsons trade to Packers: 'I wasn't surprised'

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Dak Prescott reacts to Micah Parsons trade to Packers: 'I wasn’t surprised'

Dak Prescott reacts to Micah Parsons trade to Packers: 'I wasn't surprised' Scott ThompsonAugust 31, 2...

Son Heungmin says he 'let the fans down' after he fails to score, LAFC loses his hyped home debut GREG BEACHAM September 1, 2025 at 2:33 AM 1 / 4MLS San Diego LAFC SoccerLos Angeles FC forward Son HeungMin reacts during the second half of an MLS soccer match against San Diego FC Sunday, Aug.

- - Son Heung-min says he 'let the fans down' after he fails to score, LAFC loses his hyped home debut

GREG BEACHAM September 1, 2025 at 2:33 AM

1 / 4MLS San Diego LAFC SoccerLos Angeles FC forward Son Heung-Min reacts during the second half of an MLS soccer match against San Diego FC Sunday, Aug. 31, 2025, in Los Angeles, Calif. (AP Photo/Eric Thayer)

LOS ANGELES (AP) — Son Heung-min was left frustrated and disappointed after his long-awaited home debut for Los Angeles FC ended with a 2-1 loss to San Diego FC on Sunday night.

And while the South Korean superstar's legions of new and longtime fans didn't get to see a goal from their hero or a team victory at BMO Stadium, at least they got a glimpse of the tantalizing potential in Son's new team after it has a bit more time together.

"I couldn't wait for this night, and then I feel like I let the fans down," Son said after his first defeat in four matches with LAFC. "But we've got to (keep) our heads up and accept this result. We move forward and we work hard, and we'll be back stronger than ever."

Son finished with two shots on net and several strong attacking moments mostly after halftime during a tense meeting with Western Conference-leading San Diego in front of a raucous sellout crowd eager to welcome Los Angeles' next sporting superstar.

The most agonizing moment was when Son hit the post with a screaming shot in the 78th minute. He also forced goalkeeper CJ Dos Santos to leave his feet make a save late in each half.

But Son couldn't finish his chances, and his team couldn't rally in the second half after San Diego stars Hirving Lozano and Anders Dreyer erased the early lead created by Denis Bouanga's 15th-minute goal for LAFC.

The result left LAFC 15 points behind expansion San Diego in fifth place in the conference standings, even though LAFC has three games in hand.

Son has one goal and one assist in his four MLS matches, scoring on a beautiful free kick last weekend at FC Dallas. LAFC recorded one win and two draws on the road this month, stoking Los Angeles' anticipation of the longtime Tottenham star's debut in his new home nearly four weeks after LAFC announced the landmark signing.

The crowd roared for Son from the moment he stepped on the field for warmups in Los Angeles, which has the world's largest Korean population outside Korea. With thousands of fans wearing his jerseys for club and country, Son repeatedly waved to those cheering him on, and he exhorted the crowd into a frenzy right before kickoff by pumping his arms.

"I've been in amazing stadiums and experienced a lot, but today was very special," Son said. "I feel like the fans were amazing. That's why I'm more upset, because they deserved more today than one goal and zero points. They were fantastic. I can't wait to play at home again. It felt like really, really home, you know? They were welcoming me."

After a slow first half broken up only by Bouanga's goal, LAFC finally got rolling. Son and Bouanga were active and dangerous in the second half, but repeatedly failed to cash in their numerous scoring chances.

Son couldn't get a shot on target after a beautiful long pass from former Tottenham teammate Hugo Lloris in the 74th minute, and Bouanga was left in disbelief after he was unable to capitalize while alone against Dos Santos in the 82nd minute.

LAFC coach Steve Cherundolo wasn't discouraged by his star forwards' inability to equalize, and he sees promising signs from their new partnership.

"To be frank, it's been excellent," Cherundolo said. "We've had three away games and one home game, and we've created a lot of chances. Both of them are creating for each other, helping each other. ... We are definitely creating chances, and Sonny is helping us. We just need to be better at executing. Tonight, if you look at the stats, at (expected goals), the moments we had in front of goal, it's crazy that we walk away with nothing."

Son jumped straight into LAFC's lineup after playing a full season for Tottenham, capped by a cathartic Europa League triumph and a summer tour in Asia in which he departed Spurs with an emotional farewell in Seoul.

Son is leaving Los Angeles again for international duty this week, but he'll return with eight matches left in this exhausting year.

"When I come back from the national team, we have probably two very important months, so we've got to push for that," Son said. "We're still very excited."

___

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Son Heung-min says he 'let the fans down' after he fails to score, LAFC loses his hyped home debut

Son Heungmin says he 'let the fans down' after he fails to score, LAFC loses his hyped home debut GREG BEA...

Coco Gauff and Naomi Osaka play each other at the US Open on Monday By HOWARD FENDRICH September 1, 2025 at 1:48 AM 1 / 3APTOPIX US Open TennisCoco Gauff, of the United States, reacts to defeating Donna Vekic, of Croatia, during the second round of the U.S. Open tennis championships, Thursday, Aug.

- - Coco Gauff and Naomi Osaka play each other at the US Open on Monday

`By HOWARD FENDRICH September 1, 2025 at 1:48 AM

1 / 3APTOPIX US Open TennisCoco Gauff, of the United States, reacts to defeating Donna Vekic, of Croatia, during the second round of the U.S. Open tennis championships, Thursday, Aug. 28, 2025, in New York. (AP Photo/Frank Franklin II)

NEW YORK (AP) — Coco Gauff and Naomi Osaka are scheduled to face each other in the U.S. Open's fourth round on Monday.

Gauff, a 21-year-old from Florida, is the Grand Slam tournament's No. 3 seed. Osaka, a 27-year-old who was born in Japan and moved to the U.S. with her family at age 3, is the No. 23 seed.

They have won a combined three titles at Flushing Meadows.

Monday's winner will make it to this year's quarterfinals.

Here is what you about the most-anticipated match of the U.S. Open so far:

When and where do Coco Gauff and Naomi Osaka play each other Monday?

The match will be held in Arthur Ashe Stadium. The exact time it will start is uncertain; that will depend on how long the contest before theirs takes to finish.

Gauff vs. Osaka is the second match in the tournament's biggest arena on Monday, after Andrey Rublev of Russia plays against Felix Auger-Aliassime of Canada in the fourth round of the men's bracket, starting at 11:30 a.m. EDT.

So Gauff and Osaka could begin as early as 1:30 p.m. or perhaps closer to 2 or 3 p.m. — or maybe even later than that. There is just no way to know for sure.

How can I watch Osaka vs. Gauff on TV?

ESPN is showing the U.S. Open in the United States. Other countries' broadcasters are listed here.

How often have Coco Gauff and Naomi Osaka met head-to-head?

This will be the sixth matchup between Gauff and Osaka as pros — and the second at Flushing Meadows.

Back in 2019, also in Ashe, Osaka defeated a 15-year-old Gauff in straight sets, then consoled the teary American afterward and invited her to speak to the spectators.

Gauff has won three of the four matches they have played against each other since then, so she leads the head-to-head series 3-2.

How many Grand Slam titles have Osaka and Gauff won?

Osaka owns four Grand Slam singles championships, including at the U.S. Open in 2018 and 2020. The other two came at the Australian Open in 2019 and 2021.

Gauff, who has been working with a new coach on her serve to try to overcome double-faulting problems, has collected two major trophies in singles — at the U.S. Open in 2023 and the French Open this year — and one in doubles.

___

Howard Fendrich has been the AP's tennis writer since 2002. Find his stories here: https://ift.tt/r8AlXus. More AP tennis: https://ift.tt/mOowgQu

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Coco Gauff and Naomi Osaka play each other at the US Open on Monday

Coco Gauff and Naomi Osaka play each other at the US Open on Monday By HOWARD FENDRICH September 1, 2025 at 1:48 A...

NYT Mini Crossword Answers, Hints for Monday, September 1, 2025 Nathan HutsenpillerAugust 31, 2025 at 9:00 PM The New York Times If you're anything like me, the day is not complete until I finish all of the free word games from the New York Times.

- - NYT Mini Crossword Answers, Hints for Monday, September 1, 2025

Nathan HutsenpillerAugust 31, 2025 at 9:00 PM

The New York Times

If you're anything like me, the day is not complete until I finish all of the free word games from the New York Times. Working on the daily Connections, Wordle and Strands is a whole ritual for many of us. And we can't forget about the NYT's The Mini Crossword, too!

Although the NYT is known for "The Crossword," a larger puzzle for paid subscribers, The Mini has quite the fan-following as well. This particular game resets at 10 p.m., unlike some of the others that start over at midnight.

So, if you're working on today's Mini on Monday, September 1, 2025, and need some help (I've been there), get ready to read the clues and solutions for each line. We have them separated into hints first for both "Across" and "Down" words, followed by "Across Answers" and "Down Answers," so be careful if you want to avoid spoilers as you scroll!

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Hints for NYT's The Mini Crossword on Monday, September 1, 2025

Here are additional clues for each of the words in today's Mini Crossword.

NYT Mini Across Hints

1 Across: Icon of the Cuban Revolution — HINT: Ends with the letter "E"4 Across: Sound of a fall — HINT: Ends with the letter "D"5 Across: Sound of a spring — HINT: Starts with the letter "B"6 Across: How far an electric vehicle can go before recharging — HINT: Ends with the letter "E"7 Across: GPS lines: Abbr. — HINT: Starts with the letter "R"

Related: 16 Games Like Wordle To Give You Your Word Game Fix More Than Once Every 24 Hours

NYT Mini Down Hints

1 Down: Goatees grow on them — HINT: Starts with the letter "C"2 Down: Like a deadlocked jury — HINT: Ends with the letter "G"3 Down: Slight advantage — HINT: Starts with the letter "E"4 Down: Mushroom-headed character of the Mario games — HINT: Starts with the letter "T"5 Down: Sound of winter — HINT: Ends with the letter "R"

Answers to NYT's The Mini Crossword for Monday, September 1, 2025

Don't go any further unless you want to know exactly what the correct words are in today's Mini Crossword.

NYT Mini Across Answers

1 Across: Icon of the Cuban Revolution — CHE4 Across: Sound of a fall — THUD5 Across: Sound of a spring — BOING6 Across: How far an electric vehicle can go before recharging — RANGE7 Across: GPS lines: Abbr. — RDS

NYT Mini Down Answers

1 Down: Goatees grow on them —CHIN2 Down: Like a deadlocked jury — HUNG3 Down: Slight advantage — EDGE4 Down: Mushroom-headed character of the Mario games — TOAD5 Down: Sound of winter — BRR

Related: Aldi's Adorable $7 Fall Find is the Perfect Way to Add Seasonal Charm to the Dinner Table

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