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Wall St. set to open higher as earnings season gathers steam

2 days ago DieselGasoil Comments Off on Wall St. set to open higher as earnings season gathers steam
(Reuters) – Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

EU Commission fines Qualcomm for second time over market abuse

6 days ago DieselGasoil Comments Off on EU Commission fines Qualcomm for second time over market abuse
FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo BRUSSELS (Reuters) – Qualcomm (QCOM.O), the world’s no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. Read More

Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike

6 days ago DieselGasoil Comments Off on Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
SEOUL (Reuters) – Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at Read More

Qualcomm set to face second EU antitrust fine shortly: sources

6 days ago DieselGasoil Comments Off on Qualcomm set to face second EU antitrust fine shortly: sources
FILE PHOTO: Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo BRUSSELS (Reuters) – Qualcomm, the world’s no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade Read More

Wall Street flat as Citi results weigh on bank shares

1 week ago DieselGasoil Comments Off on Wall Street flat as Citi results weigh on bank shares
(Reuters) – Wall Street’s three main indexes eased from their record highs on Monday as bank stocks turned lower after the third largest U.S. lender, Citigroup, reported a squeeze in interest margins. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of Read More

Symantec, Broadcom cease deal negotiations: CNBC

1 week ago DieselGasoil Comments Off on Symantec, Broadcom cease deal negotiations: CNBC
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Cybersecurity company Symantec Corp (SYMC.O) and chipmaker Broadcom Inc (AVGO.O) have ceased deal negotiations, CNBC reported on Monday, citing sources. Symantec’s shares fell 18% to $21.01 in trading Read More

China’s Xiaomi continues chip strategy revamp with investment in semiconductor designer

1 week ago DieselGasoil Comments Off on China’s Xiaomi continues chip strategy revamp with investment in semiconductor designer
SHANGHAI (Reuters) – China’s Xiaomi Corp (1810.HK) has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation. FILE PHOTO: A customer walks out of a Xiaomi store in Beijing, China, Read More

The high-tech trade dispute rooted in Japan’s wartime history

2 weeks ago DieselGasoil Comments Off on The high-tech trade dispute rooted in Japan’s wartime history
TOKYO/SEOUL (Reuters) – Japan has tightened curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, upping the ante in a decades-old dispute with Seoul over South Koreans forced to work for Japanese firms during World War Two. FILE PHOTO: The logo of Samsung Electronics is seen at its office Read More

Major averages close at record highs on dovish Fed hopes

3 weeks ago DieselGasoil Comments Off on Major averages close at record highs on dovish Fed hopes
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy. Benchmark U.S. 10-year Treasury Note yields US10YT=RR touched its lowest Read More

S&P 500 hits record high on rising rate cut hopes

3 weeks ago DieselGasoil Comments Off on S&P 500 hits record high on rising rate cut hopes
(Reuters) – The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More