Business and Finance Business and Finance
Wed, February 12, 2025
[ Wed, Feb 12th ] - MSN
Valentine's Day chocolate prices are soaring. Here's why
[ Wed, Feb 12th ] - MSN
Linda McMahon invested in dozens of bonds funding public school projects across the US
[ Wed, Feb 12th ] - MSN
Korea's economy, Japan's youth and Ireland
[ Wed, Feb 12th ] - Reuters
Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy
[ Wed, Feb 12th ] - MSN
Gen Z Aussies warned over 'concerning' AI prediction: 'Knee-jerk reaction'
[ Wed, Feb 12th ] - Forbes
The Life Insurance Industry Is Misbranded
[ Wed, Feb 12th ] - AOL
Worried about a market bubble? Here are 4 tips to protect your portfolio now and in the future
[ Wed, Feb 12th ] - Reuters
India's central bank removes restrictions on Kotak Mahindra Bank onboarding customers online
[ Wed, Feb 12th ] - MSN
TPG Inc. (NASDAQ:TPG) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - MSN
Will the EU's plan to reduce red tape for businesses negatively impact workers?
[ Wed, Feb 12th ] - MSN
Sunoco LP (NYSE:SUN) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - Reuters
Republican senators call for $1,000 tax on new EV sales to pay for road repairs
[ Wed, Feb 12th ] - WTNH
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
[ Wed, Feb 12th ] - Reuters
Dutch bank ABN Amro fourth-quarter profit drops less than expected
[ Wed, Feb 12th ] - MSN
Cincinnati Financial Corporation (NASDAQ:CINF) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - Diginomica
From AI to ROI via EX - Freshworks priorities for .. ake shape as revenues rise, losses narrow in 2024
[ Wed, Feb 12th ] - MSN
Compass Minerals International, Inc. (NYSE:CMP) Q1 2025 Earnings Call Transcript
[ Wed, Feb 12th ] - Reuters
BofA doubles banking team in Switzerland amid shifting regulatory landscape
[ Wed, Feb 12th ] - MSN
The latest merger & acquisition and fundraising news in Welsh business
[ Wed, Feb 12th ] - Forbes
How Payment Tech Can Help 5 Year-End Financial Pain Points
[ Wed, Feb 12th ] - MyJoyOnline
UBA Ghana wins 3 awards from Global Business and Finance Magazine
[ Wed, Feb 12th ] - MSN
Super Micro stock surges after outlining ambitiou .. rgets, assuring investors it will avoid delisting
[ Wed, Feb 12th ] - TradeWinds
Wallenius Wilhelmsen boasts 'unique' backlog with room to run as trade-choking tariffs loom
[ Wed, Feb 12th ] - MSN
The market is looking very positively at DOGE and Elon Musk, says Wharton's Jeremy Siegel
[ Wed, Feb 12th ] - Reuters
Trump squeeze wins concessions - some real, others less so
[ Wed, Feb 12th ] - Reuters
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
[ Wed, Feb 12th ] - Tuko
APHRC Advertises Field Interviewer Jobs for Form 4 Leavers with KCSE C+, Other Positions
[ Wed, Feb 12th ] - Reuters
JPMorgan sees investment banking fees rising by mid-teens percentage in first quarter
[ Wed, Feb 12th ] - CNET
How to Track a Paper Tax Refund Check That's Coming in the Mail
[ Wed, Feb 12th ] - Reuters
SoftBank's Son back to form with big bets and quarterly loss

SoftBank's Son back to form with big bets and quarterly loss


Published on 2025-02-12 05:20:55 - Reuters
  Print publication without navigation

  • Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.

SoftBank Group reported a significant net loss of 783.4 billion yen ($5.2 billion) for the third quarter ending December, a stark contrast to the 29.0 billion yen profit in the same period the previous year. This loss was primarily driven by a 512.2 billion yen loss from its Vision Fund unit, which invests in technology startups, marking the fourth consecutive quarter of losses for the fund. Despite these setbacks, SoftBank's CEO Masayoshi Son expressed optimism about the future, highlighting the potential of artificial intelligence and the company's strategic shift towards "offense mode" to capitalize on new investment opportunities. Additionally, SoftBank's shares saw a slight increase following the announcement, reflecting some investor confidence in the company's long-term strategy.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/softbank-posts-third-quarter-loss-24-billion-2025-02-12/ ]
Contributing Sources