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

SoftBank earns $34 billion from Alibaba stake cut

Cut the stake in the Chinese tech company to 14.6% from 23.7% He says the move will strengthen defenses against a market downturn Booked a loss of $50 billion in the Vision Fund unit in the first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp. (9984.T) On Wednesday, it said it would gain $34.1 … Read more

Wall Street rally lifts Nasdaq 20% from low as inflation fears recede

Traders work on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register The Fed has now seen a 50 basis point rise in September US consumer price growth slows in July Musk sells … Read more

Disney beats Netflix in streaming subscribers, sets higher prices

A smartphone screen showing the “Disney +” logo in front of the phrase “The Streaming Service” in this illustration taken on March 24, 2020. REUTERS / Dado Ruvic Register now to get free unlimited access to Reuters.com Register Los Angeles (Reuters) – The Walt Disney Company (DIS.N) Beat Netflix Inc (NFLX.O) With a total of … Read more

Ripple Labs interested in crypto lender Celsius’ bankrupt assets

The Celsius Network logo and representations of cryptocurrency are shown in this illustration taken on June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register Aug 10 (Reuters) – San Francisco-based blockchain payments firm Ripple Labs Inc, which is engaged in a high-profile battle with the U.S. Securities Regulatory … Read more

Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

Nasdaq closes lower as chipmaker Micron renews warning to beat tech

Micron falls on low revenue expectations Semiconductor stocks fall for the third session Novavax collapses after slashing revenue offer by half NEW YORK (Reuters) – The Nasdaq closed lower on Tuesday after a dismal outlook from Micron Technology Inc sent chip makers and tech stocks lower as investors await US inflation data that could prompt … Read more

Oil rises as Russian pipeline halt revives supply fears

A poster with crude oil written on the side of a storage tank in the Permian Basin in Menton, Loving County, Texas, United States, November 22, 2019. REUTERS/Angus Mordant Register now to get free unlimited access to Reuters.com Register Russian oil exports through the southern part of the Druzhba pipeline have stopped The European Union … Read more

US approves delivery of first Boeing 787 Dreamliner since 21-Sources

The Boeing logo is displayed on screen, at the New York Stock Exchange (NYSE) in New York, US, August 7, 2019. REUTERS / Brendan McDermid Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – The U.S. government on Monday approved the first Boeing (ban) People familiar with the matter told Reuters … Read more

With cash flowing in, Pfizer buys Global Blood Therapeutics in a $5.4 billion deal

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to Global Blood Therapeutics, the maker of sickle cell disease drugs. (GBT.O)as it looks to benefit from increased revenue from the COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium over Friday’s closing … Read more