Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

SoftBank’s profit jumps as it eyes more investments in U.S. tech

Amy Scott Aug 7, 2017
HTML EMBED:
COPY

SoftBank’s profit jumps as it eyes more investments in U.S. tech

Amy Scott Aug 7, 2017
HTML EMBED:
COPY

One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank bought a majority stake in the U.S. wireless carrier four years ago for 22 billion dollars. And that’s not where SoftBank’s U.S. ambitions stop. 

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.