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SoftBank Group Corp.

Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

by Ev Richard
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California.  Justin Sullivan | Getty Images News | Getty Images Intel has sold its …

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Categories Technology

SoftBank earnings report Q1 FY 2024

by Adrian Jhonsan
SoftBank earnings report Q1 FY 2024

Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024.  Toru Hanai | Bloomberg | Getty Images SoftBank …

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Categories World

SoftBank shares tank near 19%, wiping $4.6B from Masayoshi Son fortune

by Adrian Jhonsan
SoftBank shares tank near 19%, wiping .6B from Masayoshi Son fortune

Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares tanked nearly …

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Categories World

U.S. and Asian stocks fall; 10-year Treasury below 4%

by Adrian Jhonsan
U.S. and Asian stocks fall; 10-year Treasury below 4%

U.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. Andreas Arnold | Picture Alliance | Getty Images This report is …

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Categories World

South Korea CPI, Nikkei sell off

by Adrian Jhonsan
South Korea CPI, Nikkei sell off

An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024.  Bloomberg | Bloomberg | Getty Images Japan’s benchmark indexes nosedived as much …

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Categories World

Wall Street sinks, Tesla slumps

by Adrian Jhonsan
Wall Street sinks, Tesla slumps

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s …

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Categories World

Elliott has Starbucks stake, in talks with management: WSJ

by Adrian Jhonsan
Elliott has Starbucks stake, in talks with management: WSJ

A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to …

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Categories World

SoftBank shares hit record high after 24 years on Arm and AI boost

by Ev Richard
SoftBank shares hit record high after 24 years on Arm and AI boost

Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares hit a …

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Categories Technology

Revolut boss confident on UK bank license approval after record profit

by Ev Richard
Revolut boss confident on UK bank license approval after record profit

Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The boss of British financial technology giant Revolut told CNBC he …

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Categories Technology

SoftBank to raise $1.86 billion in debt as CEO talks up ‘super’ AI

by Ev Richard
SoftBank to raise .86 billion in debt as CEO talks up ‘super’ AI

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions …

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Categories Technology
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