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Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling was …

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Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Server chip demand remains solid on cloud appetite -analysts Smartphone demand slows as inflation rises -analysts Strong dollar likely aided profits -analysts SEOUL, July 7 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even …

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Elon Musk had twins last year with one of his top executives – Business Insider

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk and …

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Wall Street broadly flat as markets await Fed minutes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register US service sector index at 2-year low -ISM ​​survey Rivian gains as EV deliveries surge Indexes: Dow down 0.33%, S&P down 0.14%, Nasdaq flat …

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Airline SAS files for US bankruptcy protection as strike grounds flights

Airline files for Chapter 11 in the United States Filing comes after pilot strike began on Monday Strike grounding roughly half of airline’s flights STOCKHOLM, July 5 (Reuters) – Scandinavian airline SAS (SAS.ST) has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, warning strike action by pilots …

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Inflation at 24-yr high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since …

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