Softbank Group Stock News

Crypto startup Palm NFT Studio said on Thursday it had raised $27 million in an early-stage funding round led by Microsoft Corp''s venture fund M12 with participation from venture firm Griffin Gaming Partners. Palm NFT, co-founded by Joseph Lubin, offers services for artists to establish NFT marketplaces. Lubin was also one of the co-founders of ethereum, the world''s most popular cryptocurrency after bitcoin. An NFT is a digital asset that exists on a blockchain, which serves as a public ledger, allowing anyone to verify the asset''s authenticity and ownership. NFTs have a unique digital signature and cannot be reproduced. Other investors in latest Series B round included investment firms RRE, Third Kind Venture Capital, NFT investor Sfermion, and The LAO. Apple inches closer to $3 trillion market cap Palm NFT Studio''s Chief Executive Officer Dan Heyman told Reuters in an interview that the company intends to use the capital to scale its platform by investing in research and development and hiring new talent.

The chief executive of Better.com apologised for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media. Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about nine per cent of its workforce through the video call, said he had blundered the execution of communicating the layoffs. I realise that the way I communicated this news made a difficult situation worse, Garg said in a letter dated Tuesday. The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India. Better.com said in May it would go public through a merger with blank-check firm Aurora Acquisition Corp, in a deal that valued it at $7.7 billion. Earlier this month, the terms were amended to provide Better.com with half of the $1.5bn committed by SoftBank immediately, instead of waiting till the deal closed. Founded in 2016 and headquartered in New York, Better.

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. The startups trajectory has been steep, as its clientele shot up from two to 50 in just over two []

TOKYO: Japan''s Nikkei share average slipped on Thursday as investors turned cautious ahead of key central bank meetings next week, although strong gains for airlines limited losses with Omicron fears continuing to recede. The Nikkei 225 declined 0.15% to 28,818.53 as of the lunch break, but had earlier touched a nearly two-week intraday high of 28,908.29. The U.S. Federal Reserve headlines a string of central bank policy decisions next week, which also includes the Bank of Japan and European Central Bank. Investors seem to want to take time to judge the direction of financial markets with so many key central banks meetings next week, so they are adopting a wait-and-see approach, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. The 200-day moving average is putting a tight lid on gains. The 200-day moving average provided stiff resistance at 28,895.39, as investors took a breather following a more than 4% rally from last Thursday''s close. The broader Topix sank 0.33%, with metal products , textiles and machinery stocks leading declines.

Claroty will use the $400 million from Softbank and existing investors to take over Medigate, creating a market leader in cybersecurity for industry and hospitals.

Better HoldCo Inc., a mortgage and real estate startup backed by SoftBank Group Corp., is pushing back its public listing through a merger with a blank-check firm, according to people with knowledge of the matter, after amending the deal a day before it terminated 9% of its workforce.

Incode Technologies, a San Francisco, CA-based identity verification and authentication platform for global enterprises, raised $220m in Series B funding round, giving the company a $1.25 billion valuation. The round was led by General Atlantic and SoftBank, with additional investment from J.P. Morgan, Capital One Ventures, Coinbase Ventures, Silicon Valley CISO Investments, DN Capital, 3L [] The post Incode Technologies Raises $220M in Series B Funding appeared first on FinSMEs .

Stocks Soar On Optimism Omicron Is A Dud As Traders Focus On Growing China Stimulus U.S. index futures rallied, led by gains for Nasdaq 100 contracts, amid waning omicron worries and a booster shot of Chinese stimulus lifted world stock markets and oil on Tuesday and left traders offloading safe-haven currencies and bonds for the second day in a row. Emini S&P futures were up 61 point to 4,650.75 or about 120 points higher then where Gartman said "stocks are headed lower" some 24 hours ago. Nasdaq futures were up 1.8% and Dow futures rose 1% in premarket trading. In fact, futures are now just 50 points away from where they were below the Black Friday Omicron panic plunge. The FTSEurofirst 300 index was on track for its first back-to-back run of plus 1% gains since February while Asia saw record bounces from some of China''s biggest firms such as Alibaba which soared by the most since its 2019 listing in Hong Kong, leading a rebound in Chinese tech stocks, as bargain hunters piled in amid improved sentiment following Beijings move to bolster the economy.

The Nikkei 225 index popped by more than 500 points on Tuesday as global stocks rebounded. The index is trading at ¥28,475

SoftBank Group Corp. (OTCMKTS:SFTBY) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.16 and last traded at $23.68, with a volume of 1189595 shares traded. The stock had previously closed at $23.26. The firm has a 50-day moving average of $28.27 and a 200-day moving []

The U.S. Federal Trade Commission (FTC) on Monday argued that competition in the nascent markets for chips in self-driving cars and a new category of networking chips could be hurt if Nvidia Corp carries out its $80 billion purchase of Arm Ltd. Last week, the regulator said it was suing to stop the deal in which Nvidia, the world''s most valuable publicly traded chip firm, is vying to buy U.K.-based Arm from current owner Softbank Group Corp.

Japanese holding company SoftBank sees its shares slide after a drop in the value of its portfolio companies.