WeWork's Rise and Fall
WeWork, once the poster child for the office-sharing revolution and a SoftBank-backed juggernaut, has sought refuge in U.S. bankruptcy protection, recognizing the adverse impact of costly leases and a workforce increasingly em...
Unleashing AI Potential
In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO).
Leading financial institutions, including Barclays, Goldman Sachs......
GlobalNY.biz analysts have compiled a rating of financial services companies based on its performance during the Q2 of 2022. The purpose of the rating is to assess the state of the information field, which is formed by med......
GlobalNY.biz analysts have compiled a rating of financial services companies based on its performance during the fourth quarter of 2021. The purpose of the rating is to assess the state of the information field, which is formed by m......
US stock indices on Tuesday
The S&P 500 and Nasdaq Composite oscillated between losses and gains, while the Dow Jones Industrial Average jumped, led by Amgen, after the biotech giant announced a $6 billion share buyback.
In news of the shakeout...
Nvidia and ARM
The US corporation Nvidia has decided to abandon its acquisition of UK company Arm due to disapproval of the deal by regulators. The Financial Times reported this on Tuesday, citing unnamed s......
Calendar for the week
The main stock market event this week will be the inflation report for January. However, economists are forecasting a new record of 7.2%.
Last week the S&P 500 rose 1.55% to close at 4500, the Dow Jones rose 1.05% and the ...
Nvidia and ARM
Nvidia Corporation (NASDAQ:NVDA) is preparing to back out of buying UK chip developer Arm from SoftBank Group (T:9984) amid problems with regulatory approval of the deal, Bloomberg writes citing sources.
According t......
Lawsuit against Nvidia
The Federal Trade Commission (FTC) is suing the NVDA to block an agreement to merge ARM, the largest-ever corporate semiconductor merger. Analysts believe the authorities will block the ...
Asian news
SoftBank has managed to raise more than $6 billion by liquidating its shares in companies such as Facebook, Microsoft, Alphabet, Salesforce.com and Netflix and another $4 billion in partial sales of stakes in Uber Technologies&n...
Stock sell-off
Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Arm and Nvidia
Nvidia shares were down slightly at the pre-market on Wednesday following news that a preliminary investigation by UK authorities into Nvidia's deal to buy UK tech giant Arm showed "worrying implicatio......
State of the stock market on Thursday
Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next.
Sh......
Didi and IPO
China's largest passenger taxi service company Didi has filed paperwork to go public in the US, the BBC reports.
The company is known to have the backing of major Asian technology investment firms, including Softbank (T:9984), Alibaba ...
Deal delayed
The biggest deal in Nvidia's history and one of the biggest in the tech industry, Nvidia's merger with UK-based Arm, could be delayed indefinitely because of China's antitrust investigation. Since Arm has subsidiaries in other countries, ......
Takeover bid
Nvidia (NASDAQ:NVDA) has filed an application with Chinese antitrust authorities to review a $40 billion takeover of UK chip developer Arm, currently owned by Japanese tech giant SoftBan...
Deal under threat
Nvidia's biggest deal to acquire UK tech company Arm for $40bn could be blocked by UK authorities. An investigation into the potential implications of the deal has been launched and national securit......
Profit of Japan's SoftBank Group
Japan's SoftBank Group Corp. posted net income of 1.17 trillion yen (about $11 billion) in the third fiscal quarter, thanks to investments in Vision Funds, The Wall Street Journal reported.
The company had investmen...
Project closure
Alphabet, Google's parent company, is shutting down its Loon high-altitude balloon internet transmission project. Loon CEO Alastair Westgarth wrote this on the company's blog. Also, he said: "Although we have found a number of partners......
Grab and the U.S. IPO
One of the Southeast Asia region's most promising startups, Singapore-based Grab, is exploring the possibility of a US listing, encouraged by investor interest in an IPO, Reuters reports.
Malaysia-based Grab (also know......
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