Softbank Group Stock News

SoftBank COO Marcelo Claure, who helped run Sprint and rehabilitate WeWork for SoftBank CEO Masayoshi Son, is leaving the company today, sources say.

Softbank (SFTBY) Chief Operating Officer Marcelo is said to be stepping down, according to a CNBC report.Developing story

Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan''s SoftBank Group Corp and Singapore''s Temasek Holdings.

By now, many of us are familiar with the warehouse robots which populate those vast spaces occupied by the likes of Amazon and others. In particular, Amazon was very much a pioneer of the technology. But its 2021 now, and allying warehouse robots with a software logistics platform is no longer the monopoly of one []

By now, many of us are familiar with the warehouse robots which populate those vast spaces occupied by the likes of Amazon and others. In particular, Amazon was very much a pioneer of the technology. But its 2021 now, and allying warehouse robots with a software logistics platform is no longer the monopoly of one []

Nvidia Corp is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp after making little to no progress in winning approval for the US$40 billion chip deal, according to people familiar with the matter.Nvidia has told partners that it doesnt expect the transaction to close, according to one person, who asked not to be identified because the discussions are private. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering as an alternative to

SoftBank''s Deal To Sell Arm To Nvidia In "Biggest Semiconductor Deal Ever" Killed By Regulators Here''s some more bad news for SoftBank: it''s planned deal to sell its Arm subsidiary to Nvidia - once billed as "the biggest semiconductor deal ever" - is falling apart as the two companies have failed to win approval from global regulators. While much has changed since the deal was struck in September 2020 (for one, a global supply crunch has restricted access to semiconductors, forcing governments to gather their ''strategic assets'' closely like a squirrel with its nuts), one important fact hasn''t: Following the bloodbath in US-traded tech stocks, SoftBank could really use the cash proceeds from the Arm deal to cover its other losses. It''s also a blow to the many bankers working on a deal that was valued at $40 billion back in September 2020. According to Bloomberg , news about the deal''s demise came out of the Nvidia camp; apparently, the company has been telling its own high-ranking employees that it doesn''t expect the deal to be consummated.

"Volatility Is Back": Futures Resume Sliding After Historic Rollercoaster Reversal Following one of the greatest intraday market reversals in history, US index futures resumed their decline led by the Nasdaq, signaling more pain for richly valued technology shares as investors braced for the highly anticipated Fed meeting and a flurry of earnings as geopolitical tensions between Russia and Ukraine persisted. Companies including GE, J&J, Verizon and Microsoft report earnings on Tuesday, as the Fed starts a two-day meeting. As of 7:30am ET, emini S&P futures were down 60 points or 1.36% to 4,343, Nasdaq futures were down 1.88% or 272 points and Dow futures were down 236 points or 0.68%. The VIX was at 33, after swinging between 29 and 39 on Monday; 10Y Treasury yields were unchanged at 1.77% and the dollar gained. US equities swung in a rollercoaster of volatility on Monday as both underlying gauges had erased intraday losses to end the session slightly higher as dip-buyers came in. According to JPM''s trading desk, yesterday''s 5% reversal in the Nasdaq is an uncommon occurrence: "If you exclude March 2020, yesterday was the 7th 5%+ NDX reversal since GFC.

NVIDIA is quietly preparing to abandon its purchase of Arm from SoftBank after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter.

A report says Nvidia is preparing to drop its purchase of chip designer Arm Ltd. from SoftBank.

Last year in September, the electric Vehicle manufacturer announced that it raised over $200 million led by Falcon Edge, Softbank and others, at a valuation of $3 billion.

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion

After raising over $250 million from firms such as SoftBank last year, Brazils 2TM Group is expanding into Europe.

Futures Swing Ahead Of Today''s "Brutal" CPI Print U.S. index futures were little changed, if slightly in the green on Wednesday as investors settled into a wait-and-see mode ahead of today''s " brutal" CPI report which is expected to show the highest CPI print in nearly 40 years, a time when the fed funds rate was 11% compared to 0% now… ... and gauge the pace of Federal Reserve tightening. Consensus expects December CPI to show inflation climbing to 7.0%, a result which could see front- end fully price in a March rate hike (currently priced at 85%). Helping the overnight mood in Asia, was a moderation in China’s inflation pressures, with CPI dipping to 10.3% y/y in December, giving the central bank scope to cut interest rates to cushion the economy’s downturn just as most major nations look to tighten policy. At 730am ET, S&P futures were up 0.2% of 7.50, and Nasdaq futures rose 22 points or 0.14%, recovering toward Asia’s best levels; Dow futures were up about 0.1%. The dollar was slightly lower, extending on its recent sharp drop, while Treasury yields were steady. “All we know is that the Fed has waited too long before taking action,” said Ipek Ozkardeskaya, senior analyst at Swissquote . “If today’s inflation print is higher than expected, recent gains in equities will melt like snow in the sun,” she wrote, even though investors seemed to put aside fears that tighter policy will stifle the economic rebound and market rally after soothing words from Federal Reserve Chair Jerome Powell.

After raising over $250 million from firms like SoftBank last year, Brazils 2TM Group is expanding into Europe.