chip – Good Info

Wall Street drops but off session lows after Fed rate hike, trading choppy

Fed raises interest rates, sees ‘continued increases’ Indices down: Dow 0.96%, Standard & Poor’s 0.40%, Nasdaq 0.03% Feb 1 (Reuters) – U.S. stock indexes fell in choppy trade on Wednesday, bouncing back from session lows when the Federal Reserve raised interest rates by a quarter of a percentage point and said it expected “continued increases” …

Wall Street drops but off session lows after Fed rate hike, trading choppy Read More »

AMD’s revenue beat targets, and Wall Street was relieved after Intel’s bleak outlook

Leave a Comment / Business / By Niko

Jan 31 (Reuters) – US chip maker Advanced Micro Devices (AMD.O) On Tuesday, it reported revenue that beat Wall Street targets and said it expects business to pick up in the second half, spurring investors who saw the company profit from rival Intel. Shares rose about 1.5% in after-hours trading. Although AMD’s expectations were lower …

AMD’s revenue beat targets, and Wall Street was relieved after Intel’s bleak outlook Read More »

The United States stops granting export licenses to the Chinese company Huawei – sources

Leave a Comment / Business / By Niko

Jan. 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions on 5G items and other technologies for several years, but officials in the US Commerce Department have granted licenses to …

The United States stops granting export licenses to the Chinese company Huawei – sources Read More »

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches

Leave a Comment / Business / By Niko

Personal consumption expenditures: Inflation subsides along with consumer spending American Express, Visa rise on strong demand Chevron falls after missing earnings estimates Indices rose: Dow 0.08%, Standard & Poor’s 0.25%, Nasdaq 0.95% NEW YORK (Reuters) – Wall Street rallied on Friday, ending a difficult week as economic data and corporate earnings guidance pointed to softening …

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches Read More »

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles

Leave a Comment / Business / By Niko

Jan. 25 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Wednesday that aggressive price cuts have ignited demand for its electric cars, alleviating concerns that the weak economy could stifle buyer interest. The company slightly beat Wall Street targets for fourth-quarter revenue and earnings earlier on Wednesday despite a sharp drop in …

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles Read More »

Wall Street is rising, supported by the technological recovery

Leave a Comment / Business / By Niko

Baker Hughes falls due to lack of fourth-quarter earnings estimates Activist investor Elliott Management is involved with Salesforce Potato chips on track for biggest daily gain since November Indices rose: Dow 0.98%, Standard & Poor’s 1.41%, Nasdaq 2.09%, NEW YORK (Reuters) – Wall Street jumped on Monday, propelled higher by technology stocks as investors kicked …

Wall Street is rising, supported by the technological recovery Read More »