Stay updated with breaking news from Emma Liang. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Arm surged 48% as artificial intelligence spending helped bolster the chip designer’s forecast. Chief Executive Officer Rene Haas said on Bloomberg Television that the opportunities presented by AI are just beginning to be recognized.
(Bloomberg) -- SoftBank Group Corp. shares surged for a second day to the highest level in almost three years, bolstered by a continued upward climb by its crown jewel, Arm Holdings Plc. Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEinhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant InvestingNew York City Is Considering a Laundry Pods CrackdownBonds Fall After $25 Billion Sale as Stocks Churn:
(Bloomberg) -- After a series of brutal setbacks, Masayoshi Son has SoftBank Group Corp. on track for one of its strongest quarters in years, including what’s likely to be its first profit in more than a year. Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftKing Charles Treated for Cancer in New Royal Health Scare‘Money Dysmorphia’ Traps Mi
SoftBank Group Corp. is expected to report a net income of ¥373 billion ($2.5 billion) for the three months ended December, thanks to a gain on its stake in T-Mobile USA Inc. and rising valuations for startups in its Vision Fund portfolio.
Major theme parks are getting pummeled by bad weather from excessive rain, heat and even smoke from the Canadian wildfires, which is hurting traffic.