SoftBank profits plunge 99%, dragged down by Vision Fund losses
SoftBank profits have been almost entirely wiped out, as the company continues to feel the pain from big losses in its massive tech fund. The…
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Amazon, Ericsson and Facebook pull out of Mobile World Congress over coronavirus fears
The world’s largest mobile event is losing some of its biggest names. Amazon, Ericsson, Facebook, Sony, Intel, Cisco, LG and other tech…
Continue Reading JD.com is hiring 20,000 people who can’t work because of the coronavirus
The Chinese government has made saving jobs a major priority as the coronavirus outbreak disrupts businesses and sends shockwaves across the…
Continue Reading SoftBank stock jumps nearly 12% after US judge approves T-Mobile-Sprint merger
A massive bet on Sprint is finally paying off for Masayoshi Son. Shares in his company SoftBank rallied on Wednesday, after a US court approved the…
Continue Reading A mountain rescue team used the app What3words to locate four tourists trapped in a blizzard
A group of tourists stranded near the top of the UK’s highest mountain was saved thanks to a Scottish mountain rescue team and an app that…
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New indoor theme park opening in former ‘Toys R Us’ location near Sunland Park Mall
EL PASO, Texas — Urban Air is a new indoor theme park that looks to open their doors to the Borderland on Feb. 22. The facility is packed with…
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Huge shortage: El Paso medical supply store shelves empty of respiratory masks due to coronavirus concerns
EL PASO, Texas — If you’re looking for a respiratory face mask in El Paso, you may be out of luck. Medical supply businesses across the Borderland…
Continue Reading Justice Department drama is temporarily overshadowed by New Hampshire primary results
Right now I’m watching a speech by NH primary victor Bernie Sanders, but I wish Michael Marando or Jonathan Kravis were speaking instead.…
Continue Reading Judge dismisses Virginia Lt. Gov. Justin Fairfax’s lawsuit against CBS
A federal judge on Tuesday dismissed Virginia Lt. Governor Justin Fairfax’s lawsuit against CBS, which alleged the network defamed him when it…
Continue Reading Bulgari CEO says China’s coronavirus crisis is ‘hurting sales significantly’
China’s ongoing coronavirus epidemic has dealt a blow to the global luxury goods market, which experts say could hinder earnings throughout…
Continue Reading Samsung’s Galaxy S20 lineup packs better cameras, battery life and built-in 5G
Samsung is betting on a souped-up camera and enhanced 5G capabilities — as well as a new flip phone — to fend off its competition for the global…
Continue Reading Samsung takes second crack at a foldable smartphone with Galaxy Z Flip
Samsung has a new weapon in the flip phone wars. The world’s biggest smartphone maker unveiled a new foldable device, the Galaxy Z Flip, at its…
Continue Reading Warner Bros. tweaks the name of its box office flop, ‘Birds of Prey’
“Birds of Prey” brought in a disappointing box office this weekend, despite strong reviews. The poor showing is mostly because of its…
Continue Reading Katie Porter grills Fed chair about attending Jeff Bezos’ ‘lavish’ party
Congresswoman Katie Porter on Tuesday rebuked Federal Reserve Chairman Jerome Powell for attending a party thrown by Amazon CEO Jeff Bezos in late…
Continue Reading FTC probing Big Tech’s past acquisitions
The Federal Trade Commission said Tuesday it sent requests to Amazon, Apple, Facebook, Google and Microsoft seeking information about acquisitions…
Continue Reading Air Italy stops flying and goes into liquidation
Air Italy has suspended operations after its owners decided to liquidate the company, leaving customers with flights booked after February 25 in the…
Continue Reading Boeing’s got bigger problems than the 737 Max
Fixing the 737 Max and getting it back in the air is crucial for Boeing. But it’s not the only major challenge facing the embattled aircraft…
Continue Reading Personal data of all 6.5 million Israeli voters exposed by security flaw in app
A security flaw in a mobile app used primarily by Prime Minister Benjamin Netanyahu’s Likud party exposed the personal data of every eligible…
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Sprint’s stock soars more than 70% after judge approves T-Mobile merger
The $26 billion merger between T-Mobile and Sprint has been approved, ending a years-long attempt to combine the United States’ third- and…
Continue Reading Fed chairman: Coronavirus could hurt the global economy
Federal Reserve chairman Jerome Powell on Tuesday warned Congress that the coronavirus could hurt the global economy. “We will be watching this…
Continue Reading Drake will stream rap battles exclusively on Caffeine, a platform run by ex-Apple employees
Drake has signed an exclusive multi-year deal with Caffeine, a budding broadcasting company that hopes to rival Amazon’s Twitch and…
Continue Reading The coronavirus outbreak is letting the safe-haven dollar shine
The US dollar has become a safe haven investment thanks to America’s strong economy, and has risen further in value as investors look for…
Continue Reading China is struggling to get back to work after the coronavirus lockdown
China is struggling to return to work after the coronavirus outbreak shut down large swaths of the world’s second biggest economy for more than…
Continue Reading Federal judge approves T-Mobile’s $26.5 billion takeover of Sprint in wireless shakeup
NEW YORK, NY — A federal judge has removed a major obstacle to T-Mobile’s $26.5 billion takeover of Sprint, as he rejected claims by a group of…
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Proposed Volvo-Geely merger could create China’s first global auto powerhouse
Chinese automaker Geely is discussing a full merger with Volvo, which could mark the beginning of the first global Chinese car manufacturing…
Continue Reading Under Armour says the coronavirus outbreak will hurt sales
Under Armour posted a surprise loss during the holidays and said sales could take a hit from the coronavirus outbreak in China. Shares of Under…
Continue Reading Britain finally admits that Brexit means the death of frictionless trade with Europe
The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead. Cabinet minister…
Continue Reading Masa Son’s big tech dream is fading as more bets sour and key people leave
SoftBank founder and CEO Masayoshi Son wants to shape the future of technology for centuries to come, but that bold dream may be fading as his Vision…
Continue Reading Asian American and Pacific Islander women have to work this far into the year to earn the same amount that white men earned in 2019
February 11 is AAPI Women’s Equal Pay Day, but it’s not one to celebrate. Rather, it’s a day that represents immense financial…
Continue Reading Investors aren’t panicking about Bernie Sanders. Here’s why
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Wall Street…
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