SoftBank to make $100B US investment in the U.S., Trump announces with CEO by his side | CBC News LoadedU.S. president-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that Tokyo-based SoftBank would invest $100 billion US in the country over the next four years in what they said would be a boost to its economy.·U.S. president-elect Donald Trump delivers remarks next to SoftBank CEO Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Dec. 16.
The $100-billion US pledge, made at a flag-bedecked event at Trump's Mar-a-Lago club in Palm Beach, Fla., fits in with Trump's vow to bolster the U.S. economy and reduce the effect of inflation on Americans during his second term, which begins on Jan. 20.Unclear if jobs were created from similar 2016 pledge
It is unclear how SoftBank plans to fund the new investment. As of Sept. 30, it had about $29 billion US in cash and cash equivalents, according to its most recent earnings report. After a sharp decline in shares between 2021 and 2023, its stock has recovered, gaining nearly 50 per cent year-to-date.The funding could come from various sources controlled by SoftBank, including the Vision Fund, capital projects or its chipmaker Arm Holdings, CNBC said.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »