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SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank expects to post a gain of more than $34bn by turning over a chunk of its holdings in the Chinese ecommerce group Alibaba, marking a historic shift in the Japanese group’s relationship with its best-known investment. SoftBank had made a series of complex derivative deals that allowed it to raise cash while retaining the option …

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Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it's time to sell

Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell

Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock BBBY, -14.20% soared 39.8% …

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Stock Market Loses Ground For Second Day; Micron Warns; Coinbase Set To Report

Stock Market Loses Ground For Second Day; Micron Warns; Coinbase Set To Report

Stock market indexes traded lower in the first hour of Tuesday’s session, with chips and big tech taking the brunt of selling pressure. Energy stocks, led by natural gas plays, rose after Russian oil flows through central Europe were halted. X The Dow Jones Industrial Average is trading lower by 0.2% at this hour while …

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Fuel Cell Leaders Set To Report, As Senate Approves Climate Bill

Fuel Cell Leaders Set To Report, As Senate Approves Climate Bill

Hydrogen fuel cell stocks Plug Power (PLUG) and Ballard Power Systems (BLDP) spiked Monday. The U.S. Senate approved a sweeping spending bill over the weekend which would direct billions of dollars toward clean energy projects. Both companies are set to report quarterly results this week. X The Senate passed the proposal, titled the Inflation Reduction …

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Summers Warns Fed on 1970s-Style Mistake With CPI Set to Slow

Breadcrumb Trail Links PMN Business Former Treasury Secretary Lawrence Summers said he’s concerned that a slowing in headline inflation in upcoming data will prompt the Federal Reserve to conclude its policies are working, when much more action is in fact needed. Author of the article: Bloomberg News Christopher Anstey ivfia)s47){ihg6xzrc]k0fn_media_dl_1.png Bloomberg RSS Article content (Bloomberg) …

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Stephen King is set to testify for the government in books merger trial

Stephen King is set to testify for the government in books merger trial

PEN literary service award recipient Stephen King attends the 2018 PEN Literary Gala at the American Museum of Natural History on May 22, 2018, in New York. Evan Agostini/Evan Agostini/Invision/AP hide caption toggle caption Evan Agostini/Evan Agostini/Invision/AP PEN literary service award recipient Stephen King attends the 2018 PEN Literary Gala at the American Museum of …

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India Set To Get 5G By October: Surprise Announcement After Mega Auction

India Set To Get 5G By October: Surprise Announcement After Mega Auction

Bharti Airtel is the second biggest bidder in the 5G spectrum action. (Representational) New Delhi: The fifth generation (5G) telecom services is likely to be launched in India by October this year as the government on Monday successfully completed the spectrum auction mopping up over Rs 1.50 lakh crore in bids by four companies including …

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GTA 6 Set In Vice City, Includes A Female Star Character - Report

GTA 6 Set In Vice City, Includes A Female Star Character – Report

Grand Theft Auto 6 will feature a female playable protagonist and takes place in and around Miami AKA Vice City, according to a new report. Bloomberg reports that a Latina woman will be one of two “leading” characters in the game, and the story is influenced by the infamous bank robbers Bonnie and Clyde. The …

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Inside the shadowy Delaware court set to decide Musk v. Twitter fate

Inside the shadowy Delaware court set to decide Musk v. Twitter fate

When Elon Musk and Twitter face off in court in October, there won’t be a jury or cameras. The judge won’t really be bound by the law, either. That’s because Twitter brought its lawsuit against the Tesla billionaire in the Delaware Court of Chancery, where some of the world’s biggest businesses often battle out their …

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