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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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GameStop board approves stock split plan, shares rise

Signage is seen at a GameStop in Manhattan, New York, US, December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – GameStop Corp (GME.N) said on Wednesday its board has approved a four-for-one stock split, sending the video game retailer’s shares up more than 5% in extended …

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Grubhub gets Amazon investment; Prime members to get fee-free food

July 6 (Reuters) – Amazon.com Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to US Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime Day” …

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Crypto lender Voyager Digital files for bankruptcy

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, US, June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, …

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ASML shares fall on report US wants to restrict sales to China

ASML logo is seen in this illustration taken on February 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register AMSTERDAM, July 5 (Reuters) – Shares in ASML Holding (ASML.AS), a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to …

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US air travel conditions improve over the Fourth of July weekend

People walk toward their gates as they travel from John F. Kennedy International Airport on the July 4th weekend in Queens, New York City, US, July 2, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register NEW YORK, July 5 (Reuters) – US travelers braving the skies faced fewer flight delays …

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Brent falls as recession fears deepen demand concerns

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. REUTERS/Bing Guan Register now for FREE unlimited …

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