SoftBank Group shares surge 13% to a record high after quarterly profit beat estimates

The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025.  Issei Kato | Reuters Shares of SoftBank Group surged 13% Friday to hit a fresh record, following the company’s higher-than-expected fiscal first-quarter profit. This marks the Japanese investment firm’s fourth straight session of gains, and comes after it closed…

Inside the trade war’s tariff hideouts, ‘foreign’ zones and bonded warehouses

To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…