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SoftBank turns to profit after record loss with Vision Fund resumption

Masayoshi Son, president and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group posted a quarterly profit of $ 12 billion on Tuesday after reporting historic losses of $ 13 billion for its last fiscal year. The recovery is largely due to the increase in …

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Tim Cook is now a billionaire after nine years as Apple’s CEO

Apple’s market capitalization is currently around $ 1.9 trillion. Its shares have risen nearly 54% so far this year to nearly $ 451 each, outperforming the broader market and tech sector S&P 500, according to data provider Refinitiv. The tech world has produced many billionaires, including the richest man in the world, Amazon (AMZN) founder Jeff Bezos, e Facebook (FB) …

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5 Shares Robinhood Investors Can’t Stop Buying

When the curtain closes on 2020, few investors will be sad to see it go. The 2019 coronavirus disease (COVID-19) pandemic has led to the most volatile stock market in history. During the first quarter, the benchmark S&P 500 it lost 34% of its value in less than five weeks. This was followed by a fierce rally outside the March …

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SoftBank begins the return with a $ 12 billion profit, aided by Sprint Sale

TOKYO – Tech investor SoftBank Group Corp. posted a profit of nearly $ 12 billion in the April-June quarter as gains from the disposal of the previous Sprint Corp. unit helped it recover from the worst year in its history. . The performance improvement of SoftBank’s $ 100 billion Vision Fund, the world’s largest technology investment pool, also spearheaded the …

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SoftBank posted a profit of $ 11.8 billion

TOKYO – SoftBank Group Corp. is back on the positive side after major investment losses last fiscal year, posting net income of 1.26 trillion yen ($ 11.8 billion) in the April-June quarter. SoftBank lost $ 9 billion in the year ending March – the worst performer in the company’s history – after its $ 100 billion technology-focused Vision Fund posted …

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“Viva Las Office”: Las Vegas hotels offering work-from-Vegas travel packages

Tired of working from home? Try to change your scenery and do it from Las Vegas. MGM Resorts is rolling out the red carpet to target corporate professionals with a travel package called “Viva Las Office”. Incentives include budget rooms, discounted jet service, private pool access, and even an “executive assistant”. Remote packages There are three different “Viva Las Office” …

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UK employment sees the biggest quarterly decline in a decade

A woman wearing a protective mask crosses the street in front of the Bank of England at what would normally be the morning rush hour in the City of London on 17 March 2020. The UK’s financial district is unusually quiet after the government requested yesterday people abstain from all travel and essential activities. Jonathan Perugia According to official data …

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Yes, you may still be able to retire someday

The COVID-19 pandemic has made us rethink many parts of daily existence, such as our health, jobs, where we live, our financial future, education, travel, and just a handshake. But according to data released on Tuesday, many savers are still financially on their way to retirement. The combination of a stronger market, pandemic-related stimulus opportunities and steady and disciplined investments …

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Why are Novavax stocks increasing by 4,000% worldwide?

Novavax (NASDAQ: NVAX) started 2020 as a microcap. It was trading at $ 4 per share and its market cap was just over $ 100 million. The stock had fallen to a land of penny stocks. Biotechnology had no profits and no FDA-approved drugs. Most of the investors had given up on their shares. But there were reasons to be …

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