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Even as it loses its chief executive, the CIA's recently retired third-ranking official is under investigation for possible improper relations with a defense contractor, says Newsweek magazine correspondent Michael Isikoff. Federal investigators are investigating CIA Executive Director Kyle "Dusty" Foggo.

"I still have lots of dreams to pursue," the Alibaba co-founder said of the transition. A former English teacher, Ma said, "I also want to return to education ... because this is what I love to do."

China's State Administration for Market Regulation is focusing on allegations that Alibaba forces merchants on its website to sell only on its platform.

The online retail giant reports that it sold more than $17 billion in goods on Friday — the site's holiday encouraging people to buy presents for themselves. Not everyone trusts the numbers, though.

Chinese e-commerce giant Alibaba's initial public stock offering in New York is expected to be one of the biggest ever. It's come a long way since a former English teacher founded it in 1999.

U.S. employers added 638,000 jobs last month as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.

Yahoo co-founder Jerry Yang made a smart move when his company invested in a Chinese e-commerce firm called Alibaba in 2005. With this week's Alibaba IPO, Yahoo will gain nearly $8 billion.

At first, Sun Han made a staggering 100 percent profit margin on his furniture. Soon everyone in his village was opening a furniture factory — and didn't need to raise pigs anymore.

The tech giant received a historically large fine Saturday from the Chinese government. Alibaba says it will comply with the fine and "ensure its compliance with determination."

Preparing for its initial public offering, e-commerce company Alibaba estimates its stock will sell for $60 to $66 a share. The retailing giant will be listed on the New York Stock Exchange.