SoftBank Group Corp. (SFTBF)
- Bloomberg
Walmart-Backed PhonePe Buys Indian Wealth Management Firms
(Bloomberg) -- PhonePe, an Indian payments company backed by Walmart Inc., will acquire two wealth management firms for a total enterprise value of $75 million.Most Read from BloombergStocks Suffer Steepest Rout in Almost Two Years: Markets WrapWalmart Flashes a Warning Sign to the Entire Consumer EconomyTarget and Walmart’s Deep Pain Could Be Your GainPlotkin Shuts Melvin Hedge Fund Left Reeling by Redditor AttackMusk Loses $12 Billion in a Day as He Tweets Politics, Slams ESGThe firm will buy
- Bloomberg
Raging Nasdaq Selloff Nears $1 Trillion Weekly Loss
(Bloomberg) -- Milestones have followed one after another for technology stocks in this week’s market meltdown: Apple Inc. is no longer the world’s most valuable company, Amazon.com Inc. is on its longest losing streak in 14 years and the Nasdaq 100 Index is on pace for its biggest weekly slump since January.Most Read from BloombergWalmart Flashes a Warning Sign to the Entire Consumer EconomyStocks Suffer Steepest Rout in Almost Two Years: Markets WrapPlotkin Shuts Melvin Hedge Fund Left Reeling
- Reuters
Nikkei sees best day since late-March, led by SoftBank gains
Japan's Nikkei benchmark stock index posted its biggest rise in more than a month and half as investors scooped up cheap stocks, with SoftBank Group leading gains. SoftBank Group provided the biggest boost to the Nikkei, surging 12.22%, even after posting a record loss at its Vision Fund investment arm, and an annual net loss of 1.7 trillion yen ($13.16 billion) for the group. "SoftBank's big loss had been already priced in its shares so investors were not surprised by the outcome," said Shuji Hosoi, senior strategist at Daiwa Securities.
