SoftBank Loses $ 26 Billion on Tech Investments Amid Selloff

SoftBank Loses $ 26 Billion on Tech Investments Amid Selloff

TOKYO— SoftBank Group Corp. 9984 -8.03% on Tuesday reported an enormous $ 26.2 billion loss on its large portfolio of technology companies in the first three months of the year, as the company took a record annual loss for the second time in three years. “The world is in a chaotic situation,” said Chief Executive … Read more

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.05% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $ 5 billion in market capitalization, … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software loses $ 5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.05% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $ 5 billion in market capitalization, … Read more

Musk’s Twitter Deal Is No Sure Thing

Musk’s Twitter Deal Is No Sure Thing

This looks like a hole you could drive a Cybertruck through, but Wall Street is rightfully wary. Elon Musk’s agreement to buy Twitter TWTR -2.19% for $ 54.20 a share is leaving a lot of money on the table for anybody willing to ride his coattails. The social-media company’s shares are currently about 12% below … Read more

Stocks Climb on Inflation Data

Stocks Climb on Inflation Data

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 edged up 0.5% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal … Read more

Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, … Read more

Here’s the case for buying Netflix’s stock now

Here’s the case for buying Netflix’s stock now

Netflix Inc. has become a value stock – a bargain, according to Charles Lemonides, chief investment officer at ValueWorks in New York. During a year that has featured a re-rating for so many rapidly growing companies that had been trading at lofty valuations to earnings, Netflix Inc. NFLX, + 4.74% has fallen enough to make … Read more

Here’s a list of 50 companies that are well-armed to beat back inflation

Here’s a list of 50 companies that are well-armed to beat back inflation

Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX below 4,000 for the first time since 2021. As investors try to regroup from the worst three-day stock stretch in two years, one more hard day of selling for the S&P might be a good … Read more