Japan's SoftBank Group trims investment losses but remains in red for fiscal year

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday.

The value of British semiconductor and software design company Arm, a SoftBank subsidiary, has surged in recent months, but that wasn't reflected in the earnings results. Arm listed on the Nasdaq last year. When a reporter asked why Son wasn’t present, Chief Financial Officer Yoshimitsu Goto said Son was busy focusing on new efforts in what the company is calling “the AI age.”

Buffett sold $17 billion of stocks and amassed a record $189 billion cash pile last quarter because he knows the fun won't last, Paul Dietrich said.Utility stocks are on fire — here are Wall Street analysts' top picksIf you've taken the advice to save as much money as in an emergency fund or other form of savings, you should feel entitled to take out money when needed. That's what it's there for, after all. Learn...

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