SoftBank posts surprise loss even as Vision Fund back in black after five quarters
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
Palantir’s A.I. ambitions divide analysts. A bull and bear make their cases
Palantir bumped up its annual revenue forecast on Monday as it sees an opportunity to commercialize AI, but not all analysts are equally bullish.
Hedge fund manager Dan Niles says S&P 500 could fall by 10% — and names the stocks to play it
The hedge fund manager revealed his “top pick” at the start of the year — and it’s risen by 158% since then. Here are his latest trade ideas.
China reports double-digit plunge in July exports and imports, missing expectations
China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms.
China releases plans to restrict facial recognition technology
China is planning to restrict businesses’ use of facial recognition technology in favor of non-biometric methods, according to the Cyberspace Administration.
India job seekers aren’t ready to return to the office — 2 in 3 say they value flexibility over pay
Employees “remain keenly interested in remote work, whereas employers are far less likely to mention ‘work from home’ in the job ads they post,” said Indeed India.
Japan current account in the black for 5th month as trade balance swings to surplus
A breakdown of the data showed the trade balance swung to a surplus of 328 billion yen, as trade gains grew 1.4 trillion yen from the same month a year ago.
China needs to boost productivity given ‘demographic challenge,’ says economist
“If you go back 10, 20 years in China, you had so much of growth coming purely from just more people showing up each year,” said Mastercard’s David Mann.
Dow slides more than 300 points as Moody’s bank downgrade adds to August woes: Live updates
Stocks retreated Tuesday as a decline in bank shares dampened investor sentiment.
Asia markets mixed ahead of China trade data
Economists polled by Reuters expect a deeper slump in exports from China in July, forcasting a 12.5% fall year on year compared to June’s 12.4%
