SoftBank Group posted a $12 billion quarterly profit on Tuesday after reporting historic losses of $13 billion for its last fiscal year.
The recovery is largely down to rising valuations of SoftBank Vision Fund bets like Uber and Slack, which saw their share prices rally during the April to June quarter as U.S. tech stocks soared during the coronavirus pandemic.
The SoftBank Vision Fund, which reported an $18 billion loss last year, recorded an investment gain of $2.8 billion for this quarter…
ASX at three-month low; Big losses for BHP, Rio, Fortescue – The Sydney Morning Herald
The ASX 200 has continued its September slide, dropping as much as 1% to a three-month low. The heavyweight miners and banks are in the red.
The Australian sharemarket is near a session low in early afternoon trade, shedding another 0.9 per cent to sink to a three-month trough. The ASX 200 is on track for a fourth straight session in the red, something which hasn’t happened since April.
The iron ore giants, banks, gold miners, property, and energy firms were suffering as the index fell to 5769.8 at about noon. It’s the lowest the market has been since June 16, and represents a 4.7 per cent loss for September so far.
The market, wh…
Disney Ooshies end early, Woolworths responds to public outcry – NEWS.com.au
Disney Ooshies end early, Woolworths responds to public outcry
Supermarket giant Woolworths sparked chaos yesterday after announcing the premature end of its wildly popular Disney Ooshies promotion.The collectables – including 36 beloved Marvel, Star Wars, Disney, and Pixar characters such as Darth Vader, Elsa, Buzz Lightyear and Moana – were supposed to be available until the promotion ended on October 20.
But “unprecedented demand” forced the grocery heavyweight to call it off earlier than planned, with Ooshies stock set to be depleted by the end of the …
Malcolm Turnbull’s swipe at Coalition as it releases its new energy plan – NEWS.com.au
Malcolm Turnbull’s swipe at Coalition as it releases its new energy plan
Malcolm Turnbull has slammed the Coalitions obsession with coal as bats**t crazy as his colleagues prepare to unveil another energy plan.Highlighting the strong support for renewables among voters, the former Prime Minister has taken a swipe at those who are still pushing for more “clean” coal-fired power stations.
“The support for renewables is hardly surprising; it has been at this level for years – Australians know how effective clean energy is, after all we have the highest penetration of r…
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