CHIP

Wall St rallies as Fed’s Powell nods to easing inflation after price hike

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Federal Reserve hikes charges by 25 bps Powell says for first time disinflation has began Indexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and the Nasdaq closed sharply greater on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was beginning to ease, in remarks he made … Read more

Samsung’s latest Galaxy S smartphones a take a look at of name energy in weak market

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SEOUL, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its newest premium smartphones on Wednesday, in a take a look at of its model energy as the marketplace for mobiles undergoes unprecedented contraction. The Galaxy S23 smartphone sequence has higher cameras and quicker chips than its predecessor, however analysts stated early gross sales would face … Read more

Intel slashes worker, exec pay amid PC market downturn

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Jan 31 (Reuters) – Intel Corp (INTC.O) stated on Tuesday that it had made broad cuts to worker and govt pay, every week after the corporate issued a lower-than-expected gross sales forecast pushed by a lack of market share to rivals and a PC market downturn. The reductions will vary from 5% of base pay … Read more

U.S. stops granting export licenses for China’s Huawei – sources

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Jan 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. corporations to export most gadgets to China’s Huawei, in line with three folks acquainted with the matter. Huawei has confronted U.S. export restrictions round gadgets for 5G and different applied sciences for a number of years, however officers within the U.S. Division … Read more

Wall Avenue ends increased, notches weekly good points as Fed assembly looms

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PCE: inflation cools together with shopper spending American Specific, Visa climb increased on strong demand Chevron falls after lacking revenue estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Avenue superior on Friday, marking the tip of an rocky week wherein financial knowledge and company earnings steering hinted … Read more

Japan tightens Russia sanctions after lethal missile strikes in Ukraine

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TOKYO, Jan 27 (Reuters) – Japan tightened sanctions towards Russia on Friday following its newest wave of missile assaults in Ukraine, including items to an export ban record and freezing the property of Russian officers and entities. The choice comes after Russia launched missile assaults in Ukraine killing at the least 11 folks on Thursday … Read more

Musk bullish on Tesla gross sales as value cuts enhance demand

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Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive value cuts have ignited demand for its electrical automobiles, Chief Govt Elon Musk mentioned on Wednesday, enjoying down considerations {that a} weak economic system would throttle patrons’ curiosity. The corporate barely beat Wall Road targets for fourth-quarter income and revenue earlier on Wednesday regardless of a pointy … Read more

Wall Road totters after blended earnings, commerce halt glitch

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SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on gross sales warning; GE down on weak revenue view Microsoft to report quarterly earnings after market shut Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Road was blended on Tuesday … Read more

Wall Road extends rally, powered by tech bounce

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Baker Hughes falls on lacking This autumn revenue estimates Activist investor Elliott Administration takes stake in Salesforce Chips surge on Barclay’s improve Indexes up: Dow 0.76%, S&P 1.19%, Nasdaq 2.01% NEW YORK, Jan 23 (Reuters) – Wall Road closed sharply greater on Monday, fueled by surging expertise shares as buyers started an earnings-heavy week with … Read more

TSMC cuts 2023 capex after file This fall as chip demand weakens

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This fall revenue T$295.9 bln vs T$289.44 bln analyst view This fall income up 26.7% on yr at $19.93 bln Sees 2023 capex at $32-36 bln vs $36.3 bln yr prior Firm plans to ramp up manufacturing abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter income would drop … Read more