Month: November 2025
Why private equity is stuck with ‘zombie companies’ it can’t sell
Private equity firms are facing a new reality: a growing crop of companies that can neither thrive nor die, lingering in portfolios like the undead. These so-called “zombie companies” refer to businesses that aren’t growing, barely generate enough cash to service debt and are unable to attract buyers even at a discount. They are usually trapped […]
Read More
CNBC Daily Open: SoftBank goes all in on OpenAI as ‘Big Short’ investor issues caution on AI firms
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in […]
Read More
Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Foxconn, the world’s largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% from a year earlier, driven by growth in its artificial intelligence server business. Here’s […]
Read More
CNBC’s UK Exchange newsletter: Rightmove’s AI gamble is a cautionary tale for UK investors
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Last Friday brought investors in Rightmove a new and unwelcome experience — a violent stock price correction. Shares of the U.K.’s biggest property portal, which hit a record in late July, fell by 28% at one […]
Read More
Singapore sees further cooperation between ASEAN and EU on digital economy, deputy PM says
Gan Kim Yong, Singapore’s deputy prime minister, during a panel session, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Despite rising trade tensions, Singapore still wants to push ahead with a “multilateral, rules-based trading system,” and sees further cooperation between ASEAN and […]
Read More
European markets set to open broadly higher as positive momentum continues
European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week. Source
Read More
UK fund Blue Whale names this U.S. mining stock as a top macro-commodity play
Blue Whale Capital’s Stephen Yiu is positioning for further upside in gold despite the recent price pullback, and has named the world’s largest gold miner Newmont as a key portfolio pick. Yiu, chief investment officer of the Blue Whale Growth Fund, on Tuesday acknowledged that the firm could be “a bit late to the party” […]
Read More
Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold
Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and […]
Read More
CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in […]
Read More
SoftBank shares plunge as much as 10% after selling Nvidia stake
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 […]
Read More