RETE

Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

China’s 2022 smartphone gross sales plunge to lowest stage in a decade

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SHANGHAI, Jan 30 (Reuters) – China’s smartphone gross sales endured a file fall in 2022, tumbling 13% to their lowest stage in a decade as COVID controls and a slowing economic system sapped client urge for food, information from third-party analysis companies confirmed. The entire variety of gadgets shipped was 286 million, down from 329 … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

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Jan 20 (Reuters) – Google’s father or mother Alphabet Inc (GOOGL.O) is reducing about 12,000 jobs because it faces “a distinct financial actuality”, it mentioned in a employees memo, doubling down on synthetic intelligence (AI) and axing employees who assist experimental tasks. The job cuts have an effect on 6% of its workforce, and follows … Read more

This is what Twitter misplaced in promoting income in remaining months of 2022

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NEW YORK/LONDON, Jan 20 (Reuters) – High advertisers on Twitter slashed their spending after Elon Musk’s takeover, in response to estimates compiled for Reuters by analysis agency Pathmatics, within the newest shock to the corporate’s dominant income supply. Fourteen of the highest 30 advertisers on Twitter stopped all promoting on the platform after Musk took … Read more

Apple indefinitely postpones launch of AR glasses – Bloomberg Information

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Jan 17 (Reuters) – Apple Inc (AAPL.O) has postponed the launch of its light-weight augmented-reality glasses indefinitely as a result of technical challenges, however remains to be planning to unveil its first mixed-reality headset this 12 months, Bloomberg Information reported on Tuesday. The iPhone maker’s mixed-reality headset – which mixes each augmented and digital actuality … 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

Unique: Apple provider BOE plans new factories in Vietnam

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HANOI, Jan 11 (Reuters) – Chinese language show maker BOE Know-how Group Co Ltd (000725.SZ), a provider of each Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS), plans to speculate a considerable sum to construct two factories in Vietnam, two individuals acquainted with the matter stated. The funding might complete as much as $400 … Read more

Mattress, Tub & Past rebounds in meme-stock rally

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NEW YORK, Jan 9 (Reuters) – Shares of Mattress, Tub & Past Inc (BBBY.O) rebounded sharply in excessive quantity buying and selling on Monday amid hypothesis by retail buyers that the struggling dwelling items vendor is likely to be a possible acquisition goal. Shares of the corporate had been final up 35% at $1.77, on … Read more

S&P 500 close to flat as traders weigh possibilities of much less aggressive fee hikes

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Tech shares achieve Macy’s, Lululemon drop on holiday-quarter warnings Indexes: Dow down 0.3%, S&P 500 down 0.1%, Nasdaq up 0.6% NEW YORK, Jan 9 (Reuters) – The S&P 500 index (.SPX) erased early positive factors to shut practically flat on Monday as expectations that the Federal Reserve will grow to be much less aggressive with … Read more