SoftBank Credit Risk Jumps to 4-Year High Amid AI Fears
Investors are getting nervous about SoftBank Group, a tech investor. The price of insurance against SoftBank failing to repay its debts has hit its highest level in four years. The jump came as worries about whether AI companies can make real profits shook financial markets around the world on Friday.
Quick glossarySoftBank Group, credit risk, default, roiled
- SoftBank Group
- A Japanese investment company best known for its large stakes in technology firms, including a major tech investment fund.
- credit risk
- The chance that a person or company will fail to pay back money it has borrowed from others.
- default
- Failing to pay back a loan or debt on time, as originally agreed with the lender.
- roiled
- To stir up or shake something so it becomes unsettled, messy and uneasy for a while.
Burning Potato score: 70%