than slowing growth. If prices continue to surge like they've been doing over the past few months, she said, it"could lead to a further economic softening, risking a prolonged period of economic weakness coupled with high inflation, like we experienced in the 1970s.
High interest rates have taken a toll on risky tech stocks this year, and SoftBank's tech-focused Vision Fund is. The Japanese conglomerate said Monday that the Vision Fund posted a loss of 2.93 trillion yen in the most recent quarter – the second-largest quarterly loss for the fund. Overall, the company reported a record quarterly loss after delivering a profit during the same quarter a year earlier.
Video screenshot shows a missile launched by the rocket force of the Eastern Theater Command of the Chinese People's Liberation Army PLA, targeting designated maritime areas to the east of the Taiwan Island, Aug. 4, 2022. China isn't done with its aggressive drills near Taiwan. The Chinese military said Monday it would conduct new actions in the air and sea near the self-ruled island, which China claims as its own. China's military had just wrapped up several days' worth of exercises – its largest ever,
– protesting House Speaker Nancy Pelosi's visit to Taiwan. The drills included the firing of 11 short-range ballistic missiles, while warships, fighter jets and drones made several maneuvers around the island.