SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses […]
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Hong Kong cuts hotel quarantine for travelers to 3 days, plus 4 days of home medical surveillance
Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to three starting Friday. “The seven-day quarantine hotel arrangement will be changed to three days in a quarantine hotel, plus four days of home medical surveillance,” Chief Executive John Lee said […]
Baidu’s robotaxis don’t need any human staff in these parts of China
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member […]
Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall
A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, […]
Cramer: The Inflation Reduction Act is really a tax on companies and shareholders
If you hate global warming, you got a big win this weekend with the Inflation Reduction Act. But if you care about the stock market and inflation, then you got a big loss with the Spend Our Way to Oblivion Act, or SOWOA. In real life, I may be an […]
Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web […]
Potential curb on Australian LNG exports is another blow to Asia-Pacific gas markets
The Asia-Pacific gas market has suffered another blow after major natural gas producer Australia signaled it could potentially cut down liquified natural gas exports as the region battles tight gas supplies, high prices and competition from gas-short European buyers. Australia is looking to trim its overseas sales in favor of […]
Climate groups react to Senate passing the Inflation Reduction Act
Mint Images | Mint Images Rf | Getty Images The Senate passed the most ambitious climate spending package in U.S. history on Sunday, prompting optimism among environmental advocates after months of gridlock around President Joe Biden’s emissions-reducing agenda. Called the Inflation Reduction Act, the legislation earmarks $369 billion for U.S. […]
These are the top 10 best and worst places to live in the world—and you won’t find the U.S. on either list
This week, the Economist Intelligence Unit (EIU) released their Global Liveability Index ranking of the top 10 best and 10 worst places to live in the world in 2022. The index scored 172 cities in five categories: culture, health care, education, infrastructure, and entertainment. Cities in Scandinavia dominate the list […]
Best offense is defense? This sophisticated market play helps investors protect themselves from dramatic lows
It’s a class of exchange-traded funds designed to prevent your portfolio from hitting dramatic lows — but it may require a level of sophistication. The idea: Incorporate short-term levered plays including covered call and risk-reversal strategies in order to help investors customize their own defensive strategies similar to hedging. However, it […]