The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burnt through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Apple Inc supplier Samsung Display said on Thursday it will invest 13.1 trillion won ($11 billion) on facilities and research to upgrade a production line, as it battles severe oversupply due to weak global demand for smartphones and TVs.
(Bloomberg) — Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.The firm will offer not only zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, but also provide higher yields for cash balances and better trade execution, according to an announcement Thursday.The move is the latest leg in the price-chopping frenzy engulfing retail brokerages. Fidelity is the fifth major industry player since last month to roll out some form of zero-commission online stock and ETF trading as companies duel to win investors gravitating toward the cheapest …read more […]
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, the world’s two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global economy.
Office-sharing startup WeWork on Thursday said it will open two new locations in Singapore this year, even as its seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp to progress a major restructuring.
Tariffs are forcing China to pay attention to U.S. concerns, Secretary of Commerce Wilbur Ross said in Sydney on Thursday.
Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short.
Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements, saying the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Apple rejected the crowdsourcing app, HKmap.live, earlier this month but then reversed course last week, allowing the app to appear on its App Store. The approval drew a sharply worded commentary from the Chinese Communist Party’s official newspaper, the People’s Daily, on Tuesday with Apple criticized for allowing a “poisonous” app. …read more […]
A New Orleans-based genetics testing company and its three principals will pay $42.6 million to resolve charges they defrauded the federal government by paying kickbacks for referrals and billing for medically unnecessary tests, the U.S. Department of Justice said on Wednesday.
Operations at Las Bambas, one of Peru’s largest copper minefield, will be affected by road disruption with supplies being blocked amid anti-mining protests, Chinese miner MMG Ltd said on Thursday. Access to our Las Bambas mine has been disrupted due to roadblocks and logistics have been interrupted since Sept. 22, MMG said, as protests blocked supplies from reaching their operations. Residents of Peru’s southern copper belt have occupied roads and a minerals railroad to protest a construction licence the government gave to Southern Copper Corp for its $1.4 billion Tia Maria project, which has been delayed for nearly …read more […]
Tariffs are forcing China to pay attention to U.S. concerns, according to a copy of a speech to be given by U.S. Secretary of Commerce Wilbur Ross on Thursday.
The United States will soon issue licenses for some of its firms to supply non-sensitive goods to banned Chinese telecoms firm Huawei Technologies Co Ltd, the New York Times said on Wednesday, citing people familiar with the matter.
(Bloomberg) — Before PG&E Corp.’s massive blackout swept across Northern California, Tesla Inc. issued a politely worded but urgent message to its many area customers: charge up your car, now.Customers tweeted photos Wednesday of the notice popping up on the touch screens of their electric cars, advising them to top off their batteries while they still could. Utility owner PG&E began shutting off electricity to parts of the region early Wednesday to prevent its power lines from sparking fires during an expected windstorm.“A utility company in your area announced they may turn off power in some areas of Northern California …read more […]
We can judge whether Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than to follow their lead into their […] …read more […]
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […] …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
