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Japan’s SoftBank may be milking its cash cow dry

Japanese investors salivating at the juicy 5.4% dividend yield available from the initial public offering (IPO) of SoftBank Group Corp.’s telecom unit should rein in their excitement. It won’t last. The $23.5 billion IPO of Softbank Group’s cash-cow wireless carrier, which will confusingly trade on the Tokyo Stock Exchange as SoftBank Corp., is a hit among Japan’s traditionally conservative investors, ...

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Forecasts for 2019 will be wrong, random or worse

This is the time of year for annual reckonings and predictions by strategists and analysts, illustrating little more than that they know what pleases their employers and that their powers of prognostication are non-existent. Yet, full of bravado and confidence, they explain what stocks to buy, when a recession will come along, what the Federal Reserve is going to do, ...

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US stocks rally on renewed trade hopes; pound climbs

Bloomberg US stocks joined a global rally as the outlook for trade took a positive turn and confidence grew that the British prime minister will defeat a challenge to her leadership. Chipmakers and energy producers led the S&P 500 Index higher following gains in Europe and Asia after the chief financial officer of Huawei Technologies Co. was granted bail and ...

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