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

April’s consumer price index report expected to show inflation has already peaked

April’s consumer price index report expected to show inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, US, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak – a development that some investors say could temporarily soothe markets. But economists say, even with a … 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

Surprised by how deep some issues ran at the company

Surprised by how deep some issues ran at the company

Barry McCarthy, chief financial officer at Spotify, attending annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed up to run Peloton about three months ago, he was surprised to learn just how discombobulated the supply chain was and how quickly the … Read more

Rivian (RIVN) Q1 2022 earnings preview

Rivian (RIVN) Q1 2022 earnings preview

Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric-vehicle maker Rivian Automotive will report its first-quarter earnings after market close on Wednesday. Wall Street analysts polled by Refinitiv expect a loss of $ 1.44 per share on revenue … Read more

Stocks Slide, Extending This Year’s Losses

Stocks Slide, Extending This Year’s Losses

A broad selloff in US stocks accelerated Monday, leaving investors with few places to shelter from the market’s tumult. The S&P 500 fell 2.4%, adding to losses after closing out its longest streak of weekly declines since 2011. The Nasdaq Composite tumbled 3.3%, and the Dow Jones Industrial Average shed 511 points, or 1.6%, to … Read more

April jobs growth should be strong but pace could soon slow

April jobs growth should be strong but pace could soon slow

The economy is expected to have added another 400,000 jobs in April, reflecting a very tight labor market, but economists say the number of new hires could start to slow from here. A slowdown might be welcome in light of fears that the labor market has become too hot and will only drive inflation higher … Read more

Zillow stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. Zillow Z, -9.88% ZG, -9.42% reported a first-quarter profit of $ 16 million, or 6 cents a share, on revenue of $ 4.26 billion, … Read more

Uber’s Revenue Doubles, But Stock Falls After Lift Warns Of Higher Driver Costs

Uber’s Revenue Doubles, But Stock Falls After Lift Warns Of Higher Driver Costs

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part … Read more