Ukraine’s losses on the battlefield raise more war risks for Russia

A Ukrainian serviceman belonging to infantry battalion of 42 Brigade is seen during a maintenance training, as Russia-Ukraine war continues at an undisclosed location in Donbas, Donetsk Oblast, Ukraine on February 27, 2024. Anadolu | Anadolu | Getty Images Early on in the war with Russia, Ukraine’s successes on the battlefield prompted warnings from defense … Read more

German central bank losses soar, wiping out risk provisions

Joachim Nagel, president of Deutsche Bundesbank, during the central bank’s “Annual Report 2023” news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024.  Bloomberg | Bloomberg | Getty Images Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the … Read more

7 Trump losses in a row, and counting

Donald Trump surprised the world by winning the US presidential election in 2016, establishing a mystique as somebody who can break rules, violate norms, take crazy risks, and still win. The mystique is gone. Since 2018, Trump has endured a string of losses that should bury the idea that Trump somehow defies gravity in politics … Read more

Jumia reduces losses by over 90% amid focus on restoring order and GMV growth

In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a … Read more

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen ($6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. It remained in … Read more

SoftBank nets $16 billion on Arm earnings, exceeding losses in WeWork

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank, which owns Arm, speaks during a news conference in Tokyo, July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images Masayoshi Son’s SoftBank made more in Arm’s after-hours trading on Wednesday than the total amount the company lost from its disastrous bet on now-bankrupt WeWork. … Read more

Don’t read too much into market losses so far

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more

Despite losses, 2024 holds promise for markets

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more

NFL Alum Backs Taylor Swift Amid Backlash For Chiefs Losses

Former NFL player and Kansas City Chiefs running back Christian Okoye is standing up for Taylor Swift amid the backlash she is receiving for the team’s recent losses. Fans have been bashing the pop icon, who is dating Chiefs tight end Travis Kelce, accusing her of being a ‘distraction’ at the Chiefs games, but Okoye … Read more

Russian mass surrender in Zaporizhzhya sector after inhumane treatment and heavy losses

A second group of Russian occupiers from the 71st regiment of the Russian Armed Forces surrendered on the Zaporizhzhya front, reporting mistreatment by the Russian command and significant losses, OC West Telegram channel reported on Dec. 27. Russian military personnel spoke out about the “inhumane treatment” by the Russian command and significant losses. The prisoners … Read more