SoftBank’s experiment failed. Time to go personal?

Softbank CEO Masayoshi Son on the new $24 billion loss: “I am deeply disappointed and regretful. Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place – just ask Masayoshi Son. Founder and CEO SoftBank Group (ticker: SFTBY), Masa has made one of the best venture investments of all time, providing $20 … Read more

China’s economic system unexpectedly slows amid Covid outbreaks and actual property disaster | China’s economic system

China’s economy unexpectedly slowed in July, with factory and retail activity hampered by Beijing’s zero-Covid policy and asset crisisand the central bank surprised markets by cutting key lending rates to revive demand. Data from the National Bureau of Statistics (NBS) show that industrial production in July increased by 3.8 percent year-on-year, slightly lower than June’s … Read more

What high tech investor Paul Meeks buys as tech rallies

After a huge flight to safety in the first half of the year, investors are buying tech again, but top tech investor Paul Meeks is far from convinced. “I feel this way not because I see the fundamentals of most of these companies improving significantly in the near term, but more because it looks like … Read more

China unexpectedly cuts rates of interest by 2 foundation factors, withdraws money from the banking system

The headquarters of the People’s Bank of China (PBOC) is pictured in 2018. September 28 Beijing, China. REUTERS/Jason Lee Sign up now for FREE unlimited access to Reuters.com Register SHANGHAI, August 15 (Reuters) – China’s central bank unexpectedly cut its key interest rate for the second time this year and pulled some cash from the … Read more

China’s shopper and manufacturing facility information missed expectations in July

Workers working on an air conditioner production line at the Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING – China released data for July that was well below expectations. The Office for National Statistics reported on Monday that retail sales rose 2.7% in July from a year earlier. That’s well … Read more

China’s shopper and manufacturing facility information missed expectations in July

Workers working on an air conditioner production line at the Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING – China released data for July that was well below expectations. The Office for National Statistics reported on Monday that retail sales rose 2.7% in July from a year earlier. That’s well … Read more

Elon Musk says Tesla has constructed 3 million automobiles, a 3rd of them in China

According to Elon Musk, Tesla Inc. has produced more than 3 million vehicles, and a third of them were made in China. On Sunday, Tesla’s CEO welcomed the company’s Shanghai gigafactory in a tweett: “Congratulations to Giga Shanghai for creating the millionth car!” In total, more than 3 million have now been produced. The milestone … Read more

Increasingly housing provides fail

As the pandemic hit the real estate industry, demonstrations were halted, homes were pulled from the market, and municipal offices handling foreclosures were closed. Therefore, in 2020 March. Almost 18% of purchase contracts were canceled in the US, although it took just a few months to return to normal levels. However, in 2022 the rate … Read more

Hashish is a “$100 billion alternative” within the US, says Tilray CEO Irwin Simon

Advocate Weldon Angelos of the Cannabis Freedom Alliance joined Kennedy to discuss his testimony at a Senate hearing on cannabis reform after he was sentenced to 55 years in prison for selling marijuana. Tilray CEO Irwin Simon believes that legalizing cannabis at the federal level will provide significant business opportunities in the United States. In … Read more