SoftBank Reports Record $23.4 Billion Loss as Holdings Fall
SoftBank Group Corp. reported a record 3.16 trillion yen ($23.4 billion) net loss as a selloff in global tech stocks
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Global Markets
Gold Hits Four-Week High as Pelosi’s Taiwan Trip Stirs Tensions
Gold rose to the highest in almost a month as investors braced for a stormy period in US-China relations with
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U.S. manufacturing sector slows modestly; supply bottlenecks appear to ease
U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a
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Toyota to cut domestic production by 4,000 vehicles in July after rain snarls supplies
Toyota Motor Corp will cut domestic production by around 4,000 vehicles in July, it said on Wednesday, after heavy rain
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Analysis: Why Russia and the west rush to court Africa
Sergueï Lavrov, Russia’s Foreign Minister, landed in Cairo late on Saturday, the first leg of his Africa trip that will
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Dye & Durham Agrees to $1.7 Billion Deal For Australia’s Link
Australian data-services outfit Link Administration Holdings Ltd. has agreed to a new takeover offer by software firm Dye & Durham
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SkyWater unveils plans to build $1.8 billion chip facility in Indiana
U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and production
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Neuralink co-founder departs Musk-backed startup – sources
A founding member of Elon Musk’s Neuralink left the company in recent weeks, according to two people familiar with the
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Oil Advances Back Toward $100 With Markets in Risk-On Mode
Oil rose back near $100 a barrel, aided by a weaker dollar that put wider commodity markets on a firmer
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GSK’s £30 Billion Consumer-Health Arm Makes London Debut
GSK Plc’s consumer-health unit Haleon began trading in London, marking one of the biggest-ever spinoffs in British corporate history. The
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Futures crawl higher, Wells Fargo down after results
U.S. stock index futures eked out gains on Friday as investors braced for retail sales data, while Wells Fargo became
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Russia Aims to Control Oil Pricing by Creating Own Benchmark
Russia’s government has made a plan to create a national oil benchmark next year, as it seeks to protect itself
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Amazon says members bought 300 million items on Prime Day
Amazon (AMZN) released the results of its Prime Day 2022 event on Thursday, saying Prime subscribers purchased some 300 million
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Crude Erases War-Driven Gains as Recession Fears Hammer Markets
Oil dropped to levels not seen since before Russia’s invasion of Ukraine as record US inflation and disappointing earnings from
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Euro hovers above parity before US inflation data
The euro was hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due
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