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New Shein Executive Aims to Expand Supply Chain Outside China
Business

New Shein Executive Aims to Expand Supply Chain Outside China

The appointment of Marcelo Claure, a former SoftBank executive, comes as the fast-fashion retail giant aims to be closer to its consumers. Source link

SoftBank's Son Says Artificial General Intelligence Will Soon Surpass Humans
Business

SoftBank's Son Says Artificial General Intelligence Will Soon Surpass Humans

“Take advantage of it or be left behind,” the CEO said at the investment company’s annual SoftBank World event. Source link

Arm Sets IPO Price at $51 a Share
Business

Arm Sets IPO Price at $51 a Share

British chip designer drops price after initially considering $52 a share. Source link

SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest
Business

SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest

Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link

SoftBank Posts Another Loss Despite Tech-Share Rebound
Business

SoftBank Posts Another Loss Despite Tech-Share Rebound

A return to profit for SoftBank’s Vision Fund wasn’t able to stem the red ink for the investment company. Source link

U.S. Cellular Owner Explores Sale
Business

U.S. Cellular Owner Explores Sale

The regional wireless carrier’s controlling shareholder says it is exploring strategic options for a business left behind by telecom’s consolidation wave. Source link

Verizon Promises Turnaround Amid Lull in Smartphone Upgrades
Business

Verizon Promises Turnaround Amid Lull in Smartphone Upgrades

Over-the-air broadband service and higher fees helped boost the telecom giant’s wireless service revenue. Source link

Apple's Next Killer App Is…Voicemail?
Business

Apple's Next Killer App Is…Voicemail?

New call-screening tools and voice memos mean it’s time once again to speak up. Source link

Chinese State-Owned Enterprises Are Hong Kong’s Hottest Stocks
Finances

Chinese State-Owned Enterprises Are Hong Kong’s Hottest Stocks

Markets Telecom stocks that were booted off American exchanges have staged a strong rally Source link