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Fintech Focus For September 9, 2020
Tuesday, September 8, 2020 - 7:02pm | 2210Quote Of The Day: We have seen peak rebound. - Joachim Fels Fintech Movers: Defi is not even close to the ICO hype bubble level yet. Bubbles are usually the result of a euphoric retail crowd running ahead of itself. - Coindesk BSP pushes digital bank framework. Policygenius a fast-growing fintech...
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Barron's Picks And Pans: Apple, GM, Oracle, Softbank And More
Saturday, August 22, 2020 - 5:08pm | 784This weekend's Barron's suggests ways to play the unusual back to school season. Other featured articles look at some "special stocks" and at the one company responsible for the all-time high stock market. Also, the prospects for a standout hotel stock, a cloud giant in need of a...
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Fintech Focus For July 21, 2020
Tuesday, July 21, 2020 - 2:32pm | 1578Daily Perspective: Whatever the mind of man can conceive and believe, it can achieve. - Napoleon Hill Fintech Movers: The OCC’s proposed charters will be positive for the fintech industry, facilitating innovative business models, saving on card processing fees, and, ultimately, enabling...
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Fintech Focus For July 1, 2020
Wednesday, July 1, 2020 - 6:10pm | 1588Daily Perspective: An analysis of 749 mass shootings over the past six years found that about 60% were either domestic violence attacks or committed by men with histories of domestic violence. - CityLab Fintech Movers: The world’s top listed miner BHP Group said on Tuesday it had made its...
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Stock Market Update For The Week Ahead: 'How Long Can Tech Lead?'
Sunday, June 28, 2020 - 6:53pm | 2192The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...
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SoftBank And Chinese Automaker Partner To Produce 300M Masks Per Month In Japan
Monday, April 13, 2020 - 7:24am | 325SoftBank Group Corp (OTC: SFTBY) is partnering with Chinese electric vehicle manufacturer BYD to supply Japan with 300 million masks per month. What Happened SoftBank plans to make 200 million surgical masks and 100 million N95 respirator masks per month from May. The company has made a deal...
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SoftBank Goes Back On Its Decision To Buy $3B WeWork Shares From Neumann, Others
Thursday, April 2, 2020 - 7:29am | 532SoftBank Group Corporation (OTC: SFTBY) on Wednesday announced that it wouldn't purchase $3 billion worth of shares from WeWork's other shareholders. WeWork Stakeholders Didn't Meet Terms, SoftBank Says The Japanese investment firm had promised to buy the shares as part of a $9.5...
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Barron's Picks And Pans: Tech Picks, SoftBank, REITs, Tesla And More
Sunday, March 29, 2020 - 10:29am | 717This weekend's Barron's offers 25 tech stock picks for a coronavirus world. Other featured articles look at whether drug makers should be more coronavirus-focused, stocks to buy for the long run and which dividends are safer. Also, the prospects for a Japanese conglomerate, the top...
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WeWork Investors Say They Will Take 'Necessary Actions' If SoftBank Bails On Bailout
Monday, March 23, 2020 - 5:04am | 503The special committee of the WeWork board of directors on Sunday said that it is "committed to take all necessary actions" if SoftBank doesn't live up its end of the bargain in the bailout deal signed October last year. What Happened "Not only is SoftBank obligated to consummate...
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SoftBank To Buy Back $4.8B Worth Of Shares After Push From Elliott
Friday, March 13, 2020 - 9:14am | 353SoftBank Group Corp. (OTC: SFTBY) has said its Board of Directors has decided to buy back 7% of total shares, excluding treasury stock, worth $4.8 billion (500 billion yen). What Happened SoftBank will repurchase 7% of its total stock in a second major buyback after coming under pressure from...
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Intuit Expected To Announce $7B Acquisition Of Credit Karma
Sunday, February 23, 2020 - 11:13pm | 433Financial software maker Intuit Inc.'s (NASDAQ: INTU) deal to acquire personal finance company Credit Karma is almost final, and could be announced as soon as Monday, the Wall Street Journal reported. What Happened The deal, if finalized, would be the biggest for Intuit in its 37-year long...
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Sprint Trades Higher After Revising Merger Agreement With T-Mobile
Friday, February 21, 2020 - 10:57am | 457Telecom companies Sprint Corp (NYSE: S) and T-Mobile Us Inc (NASDAQ: TMUS) revised the financial terms of their merger agreement Thursday. Deutsche Telekom Takes Higher Stake Sprint shareholders will receive the same exchange ratio as part of the merger agreement, which was settled at 9.75...
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T.Rowe Price Calls WeWork 'Terrible Investment'
Friday, February 14, 2020 - 5:15am | 446T. Rowe Price Group Inc. (NASDAQ: TROW) regrets investing in WeWork in 2014, it said in a filing with the SEC on Thursday. What Happened Asset Manager T.Rowe Price wrote a letter to its shareholders as part of its annual report and admitted that their “small private...
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SoftBank-Backed Online Store Brandless Shutting Down
Tuesday, February 11, 2020 - 5:59am | 487Brandless, an online store backed by SoftBank Group Corporation (OTC: SFTBY) that sold household goods for $3 each is shutting down. What Happened Brandless, based out of San Francisco, will wind down operations. The company is the first SoftBank Vision Fund-backed startup that has shut...
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T-Mobile & Sprint Shares Jump As Court To Reportedly Rule In Favor Of Merger
Monday, February 10, 2020 - 11:23pm | 442The shares of telecommunications carrier T-Mobile Us Inc. (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) jumped in the after-hours session on Monday as reports suggested that their nearly two-year-old merger deal is about to get approved. What Happened The federal judge presiding the case...