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☆ SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
▼ + stars: | 2024-07-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +7 min

The rise of the internet and of Yahoo pushed SoftBank's stock to a peak closing price of 10,111.1 yen on Feb. 18, 2000. After lingering near then-record highs in March 2021, SoftBank's stock fell sharply, alongside other global tech stocks. "Softbank Vision Fund had to write down various investments due to a combination of equity values declining and a tougher private financing environment. Dan Baker, senior equity analyst at Morningstar, said a lot of SoftBank's price appreciation comes down to Arm. Baker said the SOTP valuation remains just under 50% this year, meaning SoftBank's stock does not truly reflect the value of its various businesses and investments.

Persons: Kosuke Okahara, Masayoshi Son, Softbank, SoftBank, Son, Oliver Matthew, Paul Golding, Golding, Dan Baker, I'm, Baker, " Baker, . Organizations: ARM, SoftBank, Bloomberg, Getty, Yahoo, Vision, Vision Fund, Beijing, CNBC, Macquarie U.S, Morningstar, Nikkei Locations: Tokyo, British, Japan, U.S, Alibaba

☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

This year's event was attended by some 40,000 and passed off peacefully, the Warsaw mayor, Rafal Trzaskowski, said. It came as nationalist forces have seen their worldview rejected by voters. Political Cartoons View All 1240 ImagesThe far-right Confederation party, which is ideologically linked to the Independence March, won just 18 seats in the 460-seat Sejm, the Polish parliament. Meanwhile, Law and Justice, the ruling right-wing nationalist party whose leaders joined the march in the past, won the most votes but fell short of a parliamentary majority. Among those taking part this year was Paul Golding, the leader of Britain First, a small far-right party in the U.K.Football supporters were prominent among the marchers, some holding banners with far-right slogans.

Persons: Rafal Trzaskowski, Donald Tusk, ”, Tusk, Andrzej Duda, ” Duda, Volodymyr Zelenskyy, Paul Golding Organizations: European Union, Confederation, Justice, “, Britain, Football Locations: WARSAW, Poland, Warsaw, Prussia, Austria, Russia, Ukraine, Russian, Hungary, Italy

☆ Sphere Entertainment soars 17% after videos of U2 concert inside mind-blowing Las Vegas venue light up social media
▼ + stars: | 2023-10-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Sphere Entertainment soared 17% on Monday after opening weekend of the Sphere concert venue. AdvertisementAdvertisementSphere Entertainment stock soared as much as 17% on Monday after its Sphere concert venue successfully completed its opening weekend with a U2 concert. The Sphere entertainment venue is located in Las Vegas and boasts 1.2 million LEDs about the size of hockey pucks on its exterior. The interior LED screen has a picture clarity of 16k, making it the largest and highest-resolution LED screen in the world. The Sphere venue has a seating capacity of just under 18,000.

Persons: —, Paul Golding Organizations: Service, Entertainment, Macquarie, Sphere Entertainment, Madison Square Garden Entertainment Locations: Las Vegas, Madison, New York

☆ Climate change is hurting Six Flags, SeaWorld and Disney World
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

It’s the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer. Extreme heat in Florida also disrupted attendance at Walt Disney World and Universal Orlando this summer. Theme parks are building indoor rides and changing ticket policies to respond to brutal weather conditions. Golding has lowered his estimates for the theme park industry because of growing risks from extreme weather. SeaWorld warns in its annual report to investors that extreme weather events could cause it to “incur significant costs.”“The series of extreme weather events experienced in recent years presents an alarming trend,” SeaWorld said.

Persons: ” Paul Golding, Golding, Brian Witherow, Cedar, James Forrester, Hurricane Ian, Gary Mick, Mick Organizations: New, New York CNN, Walt Disney World, Universal Orlando, Macquarie Research, Knott’s, SeaWorld, Flags, Wall Street Locations: New York, Nevada, SeaWorld, Southwest, California, Canada, Florida, Ontario, Knott’s Berry, Florida , Texas, Virginia, Northeast

☆ SoftBank seen returning to profit as tech stocks gain
▼ + stars: | 2023-08-07 | by ( Anton Bridge | ) www.reuters.com time to read: +3 min

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. SoftBank is set to post net profit of 75 billion yen ($525 million) for April-June, showed the average of four analyst estimates compiled by Refinitiv. "Public valuations in tech are trending up again and I would expect private valuations to follow suit," said Bulk. Recent activity by SoftBank includes its creation of a joint venture to build automated warehouses and investment in insurance tech company Tractable. "SoftBank mandated Arm to reinvest all of its profit to enter new markets," New Street Research's Bulk said.

Persons: Issei Kato TOKYO, Masayoshi Son, Rolf Bulk, Refinitiv, Macquarie, Paul Golding, Anton Bridge, Sam Nussey, Christopher Cushing Organizations: SoftBank, REUTERS, Vision Fund, Alibaba, HK, New, Research, Vision, Analysts, Nvidia, Thomson Locations: Tokyo, Japan

☆ Twitter grants UK far-right party Britain First 'official organization' label
▼ + stars: | 2023-04-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Twitter labeled the British far-right political party Britain First an "official organization," raising questions about the direction in which Elon Musk has taken the platform after its content moderation and verification overhaul. When clicking on the checkmark, a textbox shows the message: "This account is verified because it's an official organization on Twitter." On April 20, about 400,000 legacy-verified Twitter accounts lost their blue checkmarks as part of Musk's drive to gain the platform more money from subscriptions. Individual users must pay $8 for a membership with Twitter Blue, which gives them features such as the blue tick and the ability to edit tweets. In response to those labels, NPR and CBC announced they would stop using Twitter in an official capacity to disseminate reporting.

☆ Analyst explains why he's optimistic about SoftBank
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he's optimistic about SoftBankPaul Golding of Macquarie Capital explains why it's optimistic about SoftBank despite the company's Vision Fund investment unit posting its fourth straight quarterly loss on Tuesday.

☆ Visa, Mastercard pin hopes on China reopening as travel boom fades
▼ + stars: | 2023-01-27 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

Jan 27 (Reuters) - Mastercard Inc (MA.N) and Visa Inc (V.N) will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom. Executives at the payments companies on Thursday pointed to further room for travel recovery in China, which earlier this month reopened its borders after dropping its stringent COVID-19 control measures. "However, the reopening of China should act as a modest boost." Shares of Visa climbed nearly 3% on Friday, while Mastercard was up nearly 1% in choppy trading. "Consumer spending has remained surprisingly resilient, but reopening has not been worked through in earnest – especially in Asia where there is pent-up travel demand post China reopening," said Macquarie Group analyst Paul Golding.

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