Wall Street ends higher, Cisco Systems jumps after expectations

Investors are still assessing the minutes of the Federal Reserve’s meeting on Wednesday Cole lowered the 2022 forecast Indices: Dow Jones up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK (Reuters) – U.S. stocks closed higher on Thursday as upbeat sales forecasts from Cisco Systems helped lift the technology sector, while data showed … Read more

South Korea’s Yoon pardons Jay Y Lee from Samsung over the ‘economic crisis’

A descendant of Samsung spent 18 months in prison for bribery South Korea says leaders need help to overcome economic crisis Samsung may increase investment with pardon the analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, with the South Korean Ministry of … Read more

Foxconn is starting to feel the bite of slowing smartphone sales

Second-quarter profit NT$33.29 billion versus NT$31.02 billion Market Opinion Second-quarter revenue increased 12% to NT$1.5 trillion Steady growth for consumer electronics in the third quarter Sees strong growth for cloud and networking products in the third quarter He says he has a plan B if the authorities don’t approve of China’s investment in Tsinghua TAIPEI, … Read more

Berkshire Hathaway lost $43.8 billion. Operating results improve

Berkshire Hathaway Chairman Warren Buffett walks into the exhibition hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan // File Photo Register now to get free unlimited access to Reuters.com Register Aug 6 (Reuters) – A slump in … Read more

Wall Street closed mixed as investors eye jobs data

Indices: Dow Jones shed 0.26%, Standard & Poor’s shed 0.08%, Nasdaq shed 0.41%. Energy stocks fall as oil drops to pre-war level in Ukraine Eyes on Friday’s Non-Farm Payrolls Report (Reuters) – Wall Street’s main indexes closed mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy stocks, as … Read more

Facebook’s parent company Meta is preparing to raise $10 billion from bond sources for the first time

The logo of the Meta platforms is seen in Davos, Switzerland, May 22, 2022. Photo taken May 22, 2022. REUTERS/Arnd Wiegmann // File Photo Register now to get free unlimited access to Reuters.com Register Aug 4 (Reuters) – Meta Platforms Inc (META.O) It is set to raise $10 billion in its first bond offering on … Read more