Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
Read More »Jio platforms in India are emerging as a tech star. Google and Facebook are betting on it.
Text size A man speaks on a mobile phone in front of a Reliance Jio store, the mobile network of Reliance Industries Ltd., in Mumbai, India on Sunday, January 19, 2020. Dhiraj Singh / Bloomberg Times are tough in India, with Covid-19 still spreading and the economy slipping from giant …
Read More »Ericsson’s shares soar as Swedish telecoms are winning in 5G
Text size CEO of Ericsson Börje Ekholm (Per Myrehed). Shares in Ericsson soared more than 10% on Friday, after the Swedish telecoms company reported higher-than-expected second-quarter earnings, fueled by an increase in 5G network sales and software revenue. The back story. Ericsson has made a recovery under Börje Ekholm, who …
Read More »UK bans Huawei its reverse 5G network
The UK announced Tuesday that it will ban Chinese telecommunications giant Huawei from its 5G network, a change in a decision earlier this year. The UK had said in January that Huawei’s technology could be used outside of “core” 5G networks, but it changed directions after intense national and international …
Read More »Lemonade’s CFO says it is digitizing the insurance industry. Its IPO soared more than 100% today.
Text size The New York Stock Exchange welcomed Lemonade, Inc. (NYSE: LMND) on Thursday, July 2, 2020, in celebration of its IPO. To honor the occasion, Daniel Schreiber, co-founder and CEO, and Shai Wininger, co-founder and chief operating officer, along with Chris Taylor, director of listings, perform at the NYSE …
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