SoftBank’s Vision Fund, the brainchild of company founder Masayoshi Son, has faced several headwinds including a drop in technology stocks as a result of rising interest rates, a tough market in China and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Soft Bank one of its biggest losses at its Vision Fund investment unit for … Read more
SoftBank’s Vision Fund, the brainchild of company founder Masayoshi Son, has faced several headwinds including a drop in technology stocks as a result of rising interest rates, a tough market in China and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Soft Bank one of its biggest losses at its Vision Fund investment unit for … Read more
A gamer plays on Sony’s Playstation 5 console in his home in Seoul. Yelim Lee | AFP via Getty Images The world’s video game giants saw their sales slip in the second quarter, as initial headwinds from the Covid pandemic faded. In the three months ending June, Microsoft, Sony and Nintendo Each posted disappointing results … Read more
Howard Schultz David Ryder Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, indicating that diners are cutting back on eating out to save money. But CEOs are divided on how consumer behavior is changing and whether it is affecting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill Brian … Read more
Howard Schultz David Ryder Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, indicating that diners are cutting back on eating out to save money. But CEOs are divided on how consumer behavior is changing and whether it is affecting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill Brian … Read more
Text size Investors will receive one preferred share for each share of common stock they own. Jeenah Moon/Bloomberg AMC Entertainment finally giving the “apes” what they want. The movie-theater company paired its second-quarter earnings report with news that it is giving shareholders a special dividend of AMC Preferred Equity Units. The AMC preferred shares will … Read more
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are displayed for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat On Thursday it lowered its revenue forecast for 2022 and announced it will cut its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based … Read more
Workers install door hinges on the body shell of an Endurance prototype electric pickup truck on June 21, 2021 at the Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Electric truck started in combat Lordstown Motors Thursday reiterated plans to begin commercial production of its first vehicle this quarter and roll out the … Read more
Workers install door hinges on the body shell of an Endurance prototype electric pickup truck on June 21, 2021 at the Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Electric truck started in combat Lordstown Motors Thursday reiterated plans to begin commercial production of its first vehicle this quarter and roll out the … Read more
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images International Brands Restaurant on Thursday reported quarterly earnings and revenue that beat Wall Street expectations, boosted by international sales growth at Burger King and the recovery of Tim Hortons’ Canadian locations. … Read more