SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.
Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth.
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.
Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.
Semiconductors have become a key part of the rivalry between the U.S. and China with TSMC, which dominates chipmaking, caught in the middle.
U.S. House Speaker Nancy Pelosi met Taiwan President Tsai Ing-wen on Wednesday in a high-stakes visit that has infuriated Beijing.
Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province.
Chinese companies looking to raise cash overseas have turned to Switzerland — and gotten speedy regulator approval to do so, according to Baker McKenzie.
Biden is experiencing no new symptoms and “continues to feel quite well,” Dr. Kevin O’Connor said in a memo shared by the White House.
The milestone also suggests that investors may value an asset-light chipmaker over one that’s investing heavily in manufacturing.