Softbank Is Getting Out Of China
SoftBank is taking steps to reduce its remaining stake in Alibaba, limiting its exposure to the Chinese market and raising funds due to the declining value of its technology investments amidst the market downturn.
Go Deeper (3 min read)Seniors Are Making The Economy Stronger
Consumer spending has remained remarkably resilient despite the Federal Reserve's efforts to raise interest rates. An often overlooked but significant factor contributing to this resilience is the aging population.
Go Deeper (3 min read)Investing Idea #3
In the following articles, we analyze stocks that demonstrate steady growth potential and reasonable valuation. Our focus is on stocks with strong balance sheets, emphasizing their capacity to sustain long-term growth.
Go Deeper (3 min read)IPO Activity Heats Up
British chip designer Arm, grocery delivery firm Instacart, and marketing-automation platform Klaviyo are collectively aiming to raise billions of dollars through stock offerings in September.
Go Deeper (2 min read)U.S. Consumers' Status
Dick’s Sporting Goods and Macy’s experienced significant declines in their stock prices on Tuesday, marked by red down pointing triangles, as both retailers reported weaker-than-expected quarterly earnings and provided cautious forecasts for the remainder of the year.
Go Deeper (3 min read)More from Business
Goldman Sachs is currently engaged in discussions regarding the potential transfer of its Apple credit card and high-yield savings account products to American Express.
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In a move aimed at safeguarding national security and preserving its interests, China's Ministry of Commerce declared on Monday that it would enforce export controls on certain metals extensively utilized in the semiconductor sector.
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Softbank To Charge Ahead
SoftBank Group's chairman and CEO, Masayoshi Son, announced on Wednesday that the Japanese investment firm is preparing to transition from a defensive stance to an offensive strategy,
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The AI Bubble?
Jeremy Siegel, a well-known economist and professor at Wharton, remains optimistic about a potential Big Tech boom driven by artificial intelligence, despite concerns of a possible bubble forming.
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Paradigm-Shifting AI Assistants
Microsoft co-founder Bill Gates expressed his belief that the leading company in the field of artificial intelligence (AI) in the future will be the one that creates a personal digital agent capable of performing various tasks for individuals.
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EV Deliveries Plunge In China
Xpeng has projected that its vehicle deliveries for the second quarter will range between 21,000 and 22,000, indicating a year-over-year decline of approximately 36.1% to 39.0%.
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