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 […]

We’re at the 200-day mark of Donald Trump’s presidency. One policy goal that seems to have been achieved so far: cutting the size of the federal workforce. The July jobs report found that the Trump administration has shed almost 11,000 workers since January. In comparison, President Obama added 60,000 new federal employees in his first […]

Over the weekend, the U.N. Security Council unanimously approved a new round of sanctions against North Korea. The sanctions could shave a billion dollars off the country’s annual export revenue, essentially cutting it by a third. This is in response to North Korea’s recent tests of intercontinental ballistic missiles, which broke existing international sanctions. Is there […]

Toyota and Mazda are planning to build a $1.6 billion plant in the U.S. in the next few years. Toyota’s worth about 20 times what Mazda is, so it’s unclear what Toyota is getting from the partnership, but the new plant is rumored to produce electric vehicles. Click the audio player above to hear the […]