SoftBank Incurs $4 Billion Loss On Didi Spending
Finance
Asia Indexes Quiet Ahead Of Mega Earnings, U.S. Fed
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Didi Stock Price Falling As China Considers Punitive Action
"China may impose penalties against Didi, including a fine that could be larger than that for Alibaba earlier in the year. -
Quiet On Asia Indexes Asia On Covid, U.S. Fed Ahead
"MSCI's broadest index of Asia-Pacific shares slipped 0.6%, leaving it down 1.4% on the week so far.
The Latest
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Asian Stocks Jump After China Cuts Five-Year Loan Prime Rate
China cut its five-year loan prime rate (LPR) by 15 basis points to help bolster its housing market. 
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MicroStrategy CEO Forecasts Bitcoin "Into The Millions" Despite Crypto Market Crash
Bitcoin, according to Saylor, has dropped alongside other risk assets like stocks. 
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Amazon, Target, And Walmart Stocks Plummet Amid Rising Inflation
Amazon's stock price ended 7.6% lower, Walmart's around 6.79% lower, and Target's stock more than 26% lower. 
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Russia To Allow Crypto To Be Used As A Form Of Payment
Russia is also planning to launch its own digital rouble. 
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Warren Buffett Places $2.6 Billion In Paramount Global
Buffett's Berkshire Hathaway bought around 69 million shares of Paramount Global worth $2.6 billion. 
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Luna Token Value Drops To Four Cents, Some Exchanges Halt Trading
The value of Luna tokens fell from $85 per coin last week to only about $0.04 per coin Thursday. 
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Rivian Stock Price Up As It Claims To Be On Track To Meet Production Goals
Rivian Automotive said it can still meet its 2022 production target of building 25,000 units despite supply issues. 
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Coinbase Stock Price Drops To Lowest Level Ever As Crypto Market Dips
Coinbase's stock price dropped by more than 25% following the news, extending its year-to-date decline to 75%. 
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Brazilian Bank Offers Crypto Trading To Customers
Crypto companies have been setting their eyes on Latin America. 
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Pfizer To Acquire Migraine Drug Maker Biohaven For $11.6 Billion
Pfizer's offer represents a 78.6% premium to Biohaven Pharmaceutical's latest closing price. 
