SoftBank Group, a Japanese technology investor, is facing challenges as it is expected to report a net loss of 72 billion yen ($462.70 million) for the January-March quarter. This is a significant shift from the 985 billion yen net profit recorded in the previous three months. Despite the success of its core asset, Arm Holdings,
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The discussions among Federal Reserve officials regarding whether U.S. interest rates are at an optimal level have deepened in recent times. The assessment of high inflation risks is causing concerns among policymakers, prompting them to evaluate the effectiveness of current policy measures in addressing inflationary pressures. Inflation expectations among consumers have seen a notable uptick,
McDonald’s is reportedly in the process of rolling out a value meal option in U.S. locations as a response to the increasingly challenging environment for consumers. With mentions of low-income consumers on the rise during company earnings calls, it is evident that people are starting to cut back on their spending habits, particularly in the
Singapore’s Oversea-Chinese Banking Corp (OCBC) has recently reported a 5% increase in first-quarter profit, exceeding market expectations. In a bold move, the bank has also made a S$1.4 billion ($1.04 billion) offer to acquire its insurer arm Great Eastern, showcasing its commitment to strategic investments and portfolio enhancement. The offer, which includes a 37% premium
The upcoming boxing match between former heavyweight champion Mike Tyson and social media influencer turned boxer Jake Paul is generating immense excitement among fans and bettors alike. Set to take place on July 20 at AT&T Stadium in Arlington, Texas, the event will be streamed globally on Netflix. The fight, which consists of 8 rounds
The Consumer Financial Protection Bureau’s regulation aimed at reducing late fees on credit cards is facing significant opposition from the card industry, led by the U.S. Chamber of Commerce. The industry sued the CFPB in federal court in an attempt to block the implementation of the new rule, which would cap late fees at $8
The potential merger of Sony and Apollo with Paramount Global has sparked discussions about the strategy the conglomerates might adopt if the deal goes through. One key aspect of their plan is to maintain a steady theatrical release output between both studios, without reducing it. This approach is aimed at ensuring a consistent flow of
AMC Entertainment is currently grappling with a significant financial challenge in the form of a $4.5 billion debt, with a large portion of it maturing in 2026. The company’s CEO, Adam Aron, recently addressed this issue during a post-earning conference call, revealing that AMC has been engaged in discussions with lenders for almost a year
India’s consumer price inflation is expected to have eased to 4.80% in April, just slightly below March’s rate. Despite the overall moderation in headline inflation, food prices have remained stubbornly high, exerting pressure on household budgets. Food inflation, which makes up nearly half of the consumer price index (CPI) basket, continues to pose a significant
The absence of a Marvel film to kick off the summer movie season for the first time since 2009 has raised concerns within the industry. The lack of a known franchise brand during the highly lucrative summer moviegoing season can have negative repercussions. This year, Universal’s “The Fall Guy” was the headline film for the
British neobank Monzo recently announced that it has secured an additional $190 million in funding, bringing its total fundraising for the year to an impressive $610 million. This latest round of funding included investments from notable new backers, such as Hedosophia and CapitalG, as well as participation from existing investors like Singaporean sovereign wealth fund
The dollar has shown signs of strength as investors weigh the possibility of Federal Reserve rate cuts. Despite earlier losses, the dollar made modest gains amidst renewed speculations on the future monetary policy direction of the Fed. The yen, on the other hand, has been experiencing a downward trend, edging closer to the 155 per
The recent decision by U.S. President Joe Biden’s administration to pause a shipment of weapons to Israel has raised concerns over the possibility of an Israeli invasion of the southern Gaza city of Rafah. The move was made in an effort to prevent a full-scale assault by the Israelis against Rafah, where hundreds of thousands
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations by exceeding first-quarter results. Using artificial intelligence to develop innovative beauty products, Oddity reported earnings per share of 61 cents compared to the expected 49 cents. Additionally, revenue reached $211.63 million, surpassing the projected $205 million. This remarkable performance showcases the company’s potential in