TOKYO/SINGAPORE (Reuters) - U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. … [Read more...] about SoftBank’s cheap valuation draws $1 billion bet from U.S. fund…
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Stan Choe, Ap Business Writer Updated 9:47 am, Thursday, May 3, 2018 Photo: Kathy Willens, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this April 26, 2018, file photo, a sample of license plates for sale at a souvenir stand are shown in front of the New York Stock Exchange in the … [Read more...] about Keeping what’s yours: Fund investing has never been cheaper
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader by Thomas Heath by Thomas … [Read more...] about ‘High-water mark’ comment from Caterpillar executive ripples through U.S. stock market
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader by Thomas Heath by Thomas … [Read more...] about âHigh-water markâ comment from Caterpillar executive ripples through U.S. stock market
SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp (000063.SZ) (0763.HK) after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival. The logo of China's ZTE Corp is seen on a building in Nanjing, Jiangsu province, China April 19, 2018. … [Read more...] about China fund managers slash ZTE valuation after U.S. sanction
(This version of March 28 story corrects paragraph 7 to show Permanent Portfolio funds have $2.7 billion in assets under management, not $17 billion.) By David Randall NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value … [Read more...] about FANG stocks’ bite has U.S. fund managers looking for alternatives
War is coming to outer space, and the Pentagon warns it is not yet ready, following years of underinvesting while the military focused on a host of threats on Earth. Russia and China are years ahead of the United States in developing the means to destroy or disable satellites that the U.S. military depends on for everything from gathering intelligence to guiding precision … [Read more...] about Space war is coming — and the U.S. is not ready
Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Apple unveiled a five-year investment plan in the United States on Wednesday that will create 20,000 new jobs and involve opening a second campus, the location of which will be announced later this year. But in classic Apple fashion, there was at least "one … [Read more...] about Apple is bringing a mountain of cash — and jobs — to the U.S.
Normally when you think about sectors of the U.S. economy that are subject to government protections or emergency oversight, you think of financial institutions and automakers such as GM, which received bailouts in the wake of the financial meltdown in 2008 and 2009.Or, most recently, tariffs imposed by the Trump administration on foreign imports of aluminum and steel.But last … [Read more...] about Does the U.S. government need to protect American tech companies?
U.S. officials worry that if Broadcom succeeds in its hostile takeover of Qualcomm, that might weaken the San Diego chipmaker and open the door for China to become the leader in next-generation wireless technologies, among other national security concerns.The Treasury Department laid out its concerns in a letter to both chipmakers explaining its Sunday order to delay … [Read more...] about U.S. letter outlines concerns about 5G leadership if Qualcomm is acquired by Broadcom