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SoftBank Group’s telecommunications arm SoftBank raised its full-year profit forecast, causing its stock price to soar more than 10% and sparking optimism. arm holdings The group’s bullish sentiment on exposure to artificial intelligence increased further.SoftBank’s sales for the first nine months of fiscal year 2025 increased 8% year-on-year to 5.2 trillion yen, a record for the same period, and operating profit also increased 8% to 884 billion yen.Reflecting this momentum, the telecommunications subsidiary has raised its full-year sales forecast from 6.7 trillion yen to 6.95 trillion yen, and also raised its operating profit target to 1.02 trillion yen.SoftBank Corp. said…
Important pointsUBS on Tuesday cut its outlook for US IT stocks, citing lingering “software uncertainty” and increased capital spending. The Swiss investment bank’s move comes after a sell-off in software stocks over the past week as investors became cautious about the sector. UBS recommended investors diversify their exposure to other sectors such as healthcare and utilities. UBS struck a more cautious tone on Tuesday, lowering its outlook for the U.S. IT sector and warning of “mixed investor reactions” to heavy capital spending and AI disruption. The Swiss investment bank downgraded the sector from “attractive” to “neutral,” citing three main reasons:…
Growing up near Boston, Liz Fitzgerald’s life was heavily influenced by elements of Italian-American culture. Every Christmas Eve, her uncle would visit her parents’ house to celebrate the Day of the Seven Fishes with dishes like stuffed shrimp, calamari, and clam chowder, while her aunts would pour batter into steaming trowels and make crispy, waffle-like Italian cookies called pizeres. Her father’s gift was always ricotta pie from a local Italian bakery. The family’s Italian roots trace back to Fitzgerald’s great-grandfather Angelo. Angelo was born near Naples in 1890 and arrived in the United States in 1909. He was naturalized as…
AI video generation startup Runway has raised $315 million in a Series E round, nearly doubling its valuation to $5.3 billion, people familiar with the matter told TechCrunch. The new funding will enable Runway to “pre-train and deploy the next generation of global models into new products and industries,” according to the company’s blog post announcing the funding. World models are AI systems that build internal representations of the environment so that future events can be planned, and many top minds believe that world models are essential to moving beyond the limitations of large-scale language models. Runway, best known for…
The Commerce Department reported Tuesday that consumer activity slowed sharply ahead of the December holiday season due to continued severe weather, the impact of tariffs and persistently high inflation.Retail sales were flat last month, following a 0.6% increase in November, according to figures that are adjusted for seasonality rather than inflation. Economists polled by Dow Jones had expected a rise of 0.4%. Sales excluding automobiles were also flat, compared to the expected 0.3% increase.On an annual basis, sales rose 2.4%, down sharply from November’s 3.3% pace. Sales excluding automobiles rose at an annual rate of 3.3% in December.The report says…
March 15, 2025, Trowbridge, Somerset, England.Anna Berkeley | Getty Images News | Getty ImagesBritish oil giant blood pressure on Tuesday reported a fourth-quarter profit in line with expectations and suspended stock buybacks in an effort to strengthen its balance sheet as the oil price decline hurts.The London-listed energy company reported underlying replacement cost profit of $1.54 billion for the final three months of 2025, which is used as a proxy for net profit. This matched analyst expectations of $1.54 billion, according to consensus compiled by LSEG.BP’s full-year net income for 2025 was $7.49 billion, lower than analysts’ expectations of $7.58…
Muhammad Selim Kolkata | Anadolu | Getty ImagesspotifyShares soared 14% as the music streaming platform added more users and strengthened its capabilities in new markets.Here’s how LSEG’s estimates compare to the company’s performance.Earnings per share: 4.43 euros vs. 2.74 euros expected Revenue: 4.53 billion euros vs. 4.52 billion euros expectedFourth-quarter revenue increased 7% year-over-year.The Swedish company said its monthly active users rose 11% year-over-year to 751 million, exceeding the 744.7 million expected by analysts surveyed by FactSet. The number of paid members increased by 10% from the previous year to 290 million.Spotify attributes the large user increase to growth in…
Congressman Jim Jordan (R-Ohio) attends the inauguration of U.S. President-elect Donald Trump at the U.S. Capitol in Washington, DC, on January 20, 2025.Kevin Dietch | Getty ImagesRepublicans on the House Judiciary Committee have subpoenaed eight health insurance companies under the Affordable Care Act to produce documents as part of an expanded investigation into possible fraud in the use of premium subsidies, Axios reported Tuesday.The summons was issued to elegance, CVS, Centeneguide now, oscar healthKaiser Permanente, Health Care Services Corporation and Blue Shield of California by Republican House Judiciary Chairman Jim Jordan, the report said.CVS told Reuters it had received the…
listen to this article | 5 minutesinformationFrench President Emmanuel Macron has warned that the “threats” and “intimidation” by the United States are not over, despite an apparent subsidence in tensions, and urged the EU to treat recent disruptions in transatlantic relations as a wake-up call to push ahead with reforms.In an interview with several publications on Tuesday, Macron said European countries needed to learn from what he called the “Greenland moment” and called on European Union leaders to pursue changes that would strengthen their ability to compete economically with the United States and China.Recommended stories list of 4 itemsend of…
As a blizzard hit central Ukraine last month, Irina Vlasenko faced a dilemma. She had to take her seriously ill seven-year-old daughter to a children’s hospital in Kiev. However, she was unable to reach the main railway station in Khmelnytsky, more than 300 kilometers from the capital. So, in desperation, she sent a text message to the Ukrainian railway operator. Will the train stop in her village, Korzhiutsi? After a while, I received a reply from her. “Hello! I’m stopping the train at Korzyutsi.” Vlasenko was able to put her daughter on the train the next morning. Her story is…