Masayoshi Son, the founder and chief executive officer of SoftBank Group Corp., is already thinking about his next $100 billion venture — a version 2.0 of the world’s biggest technology fund, according to people familiar with the matter.
The Japanese entrepreneur has held preliminary discussions with investors about committing to a second fund as early as 2019, the people said,....More>>>
One of our favorite whipping boys just received more bad news… For the past several months, wireless carriers Sprint (S) and T-Mobile (TMUS) – the third- and fourth-largest companies in the industry – have been in merger talks. A joint entity would have boasted more than 130 million U.S. subscribers. That still would have come in third behind Verizon (VZ)....More>>>
China’s economy showed signs of losing steam in May, with an unexpected slowdown in factory output and lackluster investment and consumption.
Industrial output rose 6.8 percent in May from a year earlier, versus a projected 7 percent in a Bloomberg survey, which was also the reading in AprilRetail sales expanded 8.5 percent from a year earlier, versus a forecast 9.6 percentFixed-asset....More>>>
Wall Street brokerages expect that Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will report earnings of $1.35 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bank of Nova Scotia’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.38. Bank of Nova Scotia posted earnings of $1.27 per share during the same quarter....More>>>
5 Major Medicare Changes in the New Anti-Shutdown Bill
Stocks May Have Plunged Because Mnuchin Doesnt Get It: Analyst
DOL, SEC Fiduciary Rules Likely in Fall
Wells Fargo & Co. lost a credit-rating advantage over its biggest rivals after the Federal Reserve banned the bank from growing until it convinces authorities it’s addressing problem areas.