Finance

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

By Krystal Hu (Reuters) -SoftBank Group will lay off nearly 20% of its Vision Fund team globally as it shifts resources to founder Masayoshi Son’s large-scale artificial intelligence bets in the ...

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volumes are weak to stable but silver linings on the horizon

volumes are weak to stable but silver linings on the horizon

Coming a few weeks after an earnings season that saw a lot of trucking companies struggling (or even failing) to turn a profit, and an interim update from LTL carriers that was decidedly weak, th...

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Independent Bank, Hope Bancorp, Customers Bancorp, Community Bank, and Coastal Financial Shares Skyrocket, What You Need To Know

Independent Bank, Hope Bancorp, Customers Bancorp, Community Bank, and Coastal Financial Shares Skyrocket, What You Need To Know

A number of stocks jumped in the afternoon session after investors scooped up equities, shaking off the initial concerns inferred from the Fed’s dot plot, with tech stocks leading the charg...

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The Fed’s latest interest-rate cut wasn’t a surprise, but it still had lots of intrigue

The Fed’s latest interest-rate cut wasn’t a surprise, but it still had lots of intrigue

The US Federal Reserve building in Washington DCGetty Images Lovers of the beautiful game, beware! Buying a ticket for this summer’s World Cup in the US on a secondary platform doesn&#...

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Lennar: Fiscal Q3 Earnings Snapshot

Lennar: Fiscal Q3 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal third-quarter net income of $591 million. On a per-share basis, the Miami-based company said it had net income of $2.29. E...

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Uber Freight conference spotlights AI, tariffs, “profitless prosperity”

Uber Freight conference spotlights AI, tariffs, “profitless prosperity”

JACKSONVILLE — Uber Freight’s Deliver 2025 conference on Wednesday featured a conversation with Uber CEO Dara Khosrowshahi, who outlined his outlook for the freight industry. Other sessions at th...

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