MarketsPosted by

Share buybacks remain an option for SoftBank, says CEO Son

TOKYO, June 23 (Reuters) - SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option, amid a slide in the conglomerate’s shares. “Buybacks are always on my mind as an important option but when and how big requires balanced thinking,” Son said at SoftBank’s annual shareholders’ meeting, adding that the group also needs to consider alternative uses of its capital.

Cross River VC Firm Has Fintech Focus

Cross River Bank seeks to extend its reach as a provider of fintech services through its new venture capital firm. Cross River Digital Ventures looks for companies which blend lending, payments, investing and fintech and which can bring further value to Cross River,. “Cross River already powers some of the...
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Portland, MEPosted by
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A Company Operating In Portland, Maine Will Pay You To Wrap Your Car In Advertisements

If you've visited a handful of major cities around the United States recently, you've probably noticed an interesting new trend. Ordinary people driving ordinary cars that are completely wrapped in advertisements. It's not an uncommon practice for cabs or buses, but your 2011 Toyota Corolla? Seems kind of strange. It may not be for long though, as several companies are pushing into new markets with their ad-wrap strategy and one of those markets is Portland, Maine.
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StocksPosted by

Tech leads tentative rally as Powell soothes markets

SINGAPORE, June 23 (Reuters) - Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates. The rates-sensitive Nasdaq index...

Intel restructures to create units for GPU, high-performance computing

(Reuters) — Chipmaker Intel said on Tuesday it would create two new business units that would focus separately on software and high-performance computing and graphics. Intel also said current executives Sandra Rivera and Raja Koduri will take on new senior leadership roles, while technology industry veterans Nick McKeown and Greg Lavender will join the company.
Seattle, WASeattle Times

Teamsters vow to unionize Amazon, taking on an anti-union behemoth

One of the nation’s largest unions, the International Brotherhood of Teamsters, announced it will mount a nationwide effort to organize Amazon’s delivery and warehouse workers, declaring that the multibillion-dollar behemoth is an “existential threat” to workers across the logistics industry. In a resolution presented Tuesday at its 30th international convention,...
WorldPosted by

GlobalFoundries To Build $4 Billion Chipmaking Plant In Singapore To Address Semiconductor Shortage

GlobalFoundries—controlled by United Arab Emirates sovereign wealth fund Mubadala Investment Co.—said Tuesday it will invest $4 billion to build a chip manufacturing plant in Singapore to meet the unprecedented demand for semiconductors worldwide. The U.S.-headquartered company held a virtual ground breaking ceremony to start the construction of the 300-millimeter fabrication...
New York City, NYPosted by

TARENA ALERT: Bragar Eagel & Squire, P.C. Is Investigating Tarena International, Inc. On Behalf Of Tarena Stockholders And Encourages Investors To Contact The Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed against Tarena International, Inc. (TEDU) - Get Report in the United States District Court for the Eastern District of New York on behalf of those who purchased or otherwise acquired Tarena publicly traded securities between August 16, 2016 and November 1, 2019, inclusive (the "Class Period"). Investors have until August 23, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Form 4 Howard Hughes Corp For: Jun 18 Filed by: KAPLAN BETH J

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned. Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned. (e.g., puts, calls, warrants, options, convertible securities) 1. Represents restricted...
EconomyWinterset Madisonian

Julian B. Garrett

Inflation coming? We have not had to deal with inflation for many years. A few may remember the inflation of the late 1970s before Ronald Reagan became president. Inflation rates rose to just above 12 percent per year in the latter 1970s. Adding to the problem was the fact that we also had high unemployment. Until then, economists had thought […]

Tencent has taken a majority stake in Spec Ops: The Line developer YAGER

YAGER and Tencent have announced that they’re deepening their strategic cooperation through a new agreement involving additional investment. The deal will see Tencent take a majority stake in YAGER. Additionally, the German game producer will maintain its independence. Furthermore, it will gain greater access to the tech giant’s development and other resources, along with strategic consultation. The existing company structure and management will also remain with no changes.
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BOJ policymakers saw prospects of quicker recovery in April - minutes

TOKYO, June 23 (Reuters) - Bank of Japan board members agreed that the massive stimulus measures deployed by advanced nations may help quicken the pace of recovery in the Japanese and global economies, minutes of their April policy-setting meeting showed on Wednesday. The upbeat assessment on the outlook reinforces market...