SoftBank loses $26 billion on technology investments amid sell-off

Tokyo — SoftBank Group corp. 9984 -8.03% On Thursday, it announced a massive $26.2 billion loss in its large portfolio of technology companies in the first three months of the year, as the company posted a record annual loss for the second time in three years. “The world is in a chaotic situation,” CEO Masayoshi … Read more

SoftBank loses $26 billion on technology investments amid sell-off

Tokyo — SoftBank Group corp. 9984 -8.03% On Tuesday, it announced a massive $26.2 billion loss in its large portfolio of technology companies in the first three months of the year, as the company posted a record annual loss for the second time in three years. “The world is in a chaotic situation,” CEO Masayoshi … Read more

SoftBank loses $26 billion on technology investments amid sell-off

Tokyo — SoftBank Group corp. 9984 -8.03% On Tuesday, it announced a massive $26.2 billion loss in its large portfolio of technology companies in the first three months of the year, as the company posted a record annual loss for the second time in three years. “The world is in a chaotic situation,” CEO Masayoshi … Read more

SoftBank records biggest full-year loss ever

“The world is in a chaotic situation,” CEO Masayoshi Son said, citing Covid-19 and the Russian invasion of Ukraine. “In this chaotic world, the approach we should take at SoftBank is defense.” The comment came after SoftBank reported a net loss of 1.71 trillion yen, or $13.2 billion, for the fiscal year ended March 31. … Read more

SoftBank records annual losses of 13 billion dollars, affected by the decline in technology shares

“The world is in a chaotic situation,” CEO Masayoshi Son said, citing Covid-19 and the Russian invasion of Ukraine. “In this chaotic world, the approach we should take at SoftBank is defense.” The comment came after SoftBank reported a net loss of 1.71 trillion yen, or $13.2 billion, for the fiscal year ended March 31. … Read more

IAC sees bargains in technical assessments. It is ready to shop.

font size IAC was founded by former film mogul Barry Diller. Leungphotography / Dreamstime With sharp cuts in tech stock prices, online holding company IAC is on its way to more deals. IAC (Stock Code: IAC) has been buying, building and selling online businesses for the better part of three decades. Founded in 1995 by … Read more

Stocks fall as growth fears accelerate; Decreased potential customers in the technical field

Updated at 12:05 PM EST The Dow Jones fell 552 points, or 1.7% Nasdaq is down 418 points, or 3.44%. S&P 500 slips 105 points, or 2.65% 10 year bonds trading at 3.0783% West Texas Intermediate crude futures fell $5.70 to $104.09 a barrel VIX +15% to 34.73 points Dollar Index + 22% to 103.869 … Read more

Opinion: Earnings for big tech companies have been largely disappointing. The most flexible companies have one thing in common

The big tech company’s earnings slate last week coincided with a massive spike in volatility that ended up selling off the stock market as buyers were nowhere to be found. While market capitulation has been a business in the making since around the Thanksgiving holiday, big tech has held up relatively well compared to most … Read more

Tech companies lost $17 billion in the first quarter as equity investments hurt

An Amazon electric delivery truck from Rivian takes to the street with the Hollywood sign in the background. Amazon The 2022 tech sell-off has accelerated in the past two weeks, as first-quarter earnings reports highlight challenges such as inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the swoon in the … Read more

American Airlines’ new CEO Robert Isom pledges reliability as travel season begins to peak

An American Airlines Boeing 777-300ER takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Lauren Elliott | Reuters Robert Isom, the new CEO of American Airlines, is aiming for one thing this summer: reliability. The airline has grown faster than its big competitors last year, and at times passengers have faced widespread disruptions, … Read more