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

Opinion: The S&P 500’s charts are pointing to more stock-market losses

Opinion: The S&P 500’s charts are pointing to more stock-market losses

This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down towards possible support at 3900. The next support area below that is 3700 – the lows of February … Read more

Bitcoin Slides Further, Tether Briefly Breaks $ 1 Peg

Bitcoin Slides Further, Tether Briefly Breaks $ 1 Peg

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $ 1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On the one hand, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived … 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

Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline

Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline

Ukraine reduced flows of Russian natural gas through its territory to Europe, sending prices higher amid the continent’s still-precarious reliance on Russian fossil fuels. Within hours, though, enough gas was moving through an alternative route that prices fell back down again, ending essentially flat on the day. The continued flow suggested some gas had been … Read more

Oil prices are surging – these eight stocks are still bargains for long-term investors

Oil prices are surging – these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … 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