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

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

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

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

Market’s 2022 Slide Has Already Changed Investor Behavior

Market’s 2022 Slide Has Already Changed Investor Behavior

The 2022 pullback in US stocks intensified last week, with stocks on Thursday staging their largest single-day decline since the onset of the pandemic. The plunge came just a day after Federal Reserve Chairman Jerome Powell appeared to clear the way for a stock rally by casting interest-rate increases larger than a half-percentage point as … 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