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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 …
Chipmaker stocks climb, sickly euro treads water Read More »
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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 …
Chips drive highest Samsung Q2 profit since 2018, but demand cooling Read More »
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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 …
Elon Musk had twins last year with one of his top executives – Business Insider Read More »
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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 …
Wall Street broadly flat as markets await Fed minutes Read More »
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Oil, Europe equity futures steady after steep drop Euro huddles at 20-yr low; sterling squeezed China stocks slip on fresh Shanghai virus outbreak TOKYO/SINGAPORE, July 6 (Reuters) – Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors’ fears deepened that the continent is leading the world …
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US May factory orders rise more than expected Commodity-linked stocks, banks shares tumble Indexes fall: Dow 1.59%, S&P 1.20%, Nasdaq up 0.09% July 5 (Reuters) – The S&P 500 and the Dow fell on Tuesday, with investors fretting about the possibility of a recession as central banks across the world take aggressive actions to stem …
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By Andy Bruce and Huw Jones LONDON, July 5 (Reuters) – The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told banks to ramp up capital buffers to ensure they can weather the storm. “The economic outlook for the UK and globally has deteriorated materially,” …
Bank of England tells lenders to brace for economic storm Read More »
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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 …
Airline SAS files for US bankruptcy protection as strike grounds flights Read More »
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July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, …
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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 …
Inflation at 24-yr high adds to strains in South Korea’s economy Read More »