Japan’s SoftBank logs $5.9B loss as tech investments tumble

( ) -q-24- UNDATED (Correspondent Jeremy House) “e-commerce giant Alibaba.”

Japanese investor SoftBank Group has sunk into a deep loss for the October-to-December quarter.

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Out-cue: e-commerce giant Alibaba]

TAG: Correspondent Jeremy House reporting. Various uncertainties have slammed Japanese companies recently, such as soaring material costs and rising interest rates.

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VERBATIM: The company was slammed by the global plunge in technology shares. The 783 billion yen net loss for the fiscal third quarter, was a reversal from a 29 billion yen profit a year earlier. SoftBank invests in hundreds of companies, including mobile carrier SoftBank, web services provider Yahoo, vehicle-for-hire company Didi and Chinese e-commerce giant Alibaba.

Biden appeals for bipartisanship in State of the Union speech

President Biden used his State of the Union address to urge for more bipartisan cooperation in Congress. In his speech, the president made the case that much of the nation’s important work remains unfinished — and he called on lawmakers, specifically, Republicans, to work with him to “finish the job.” Despite his call for bipartisanship, the president issued some veto threats. In the end, he declared that the State of the Union is strong because the soul, the backbone, and the people of this nation are strong.

President Biden, Republicans Exchange Barbs During State of The Union Address

The gloves came off at times during the president’s State of the Union address. Bob Agnew reports.

Former President Trump Kicks Off Campaign Events

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

A new controversy for the Presbyterian Church USA

A new controversy for the Presbyterian Church USA

VERBATIM: A group of students seeking to be ordained by the denomination has a problem with one of the questions on a test they were required to take. It asked them to interpret the events of Judges, chapter 19, which tells the story of the rape and murder of one Levite’s concubine. The students are demanding that the question be removed, because it might be “triggering” to victims of sexual abuse. They write “Our examinations must not cause fear and harm.” Michael Harrington, SRN News.

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