Oct 27 (Reuters) – Apple Inc (AAPL.O) on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation. The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall …
Investment cut comparable to 2008-09 financial crisis Q3 profit plunges 60%, misses estimates Inflation, gloomy economic outlook weigh on demand SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and said it would slash investment after quarterly …
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms Read More »
https://tmsnrt.rs/2zpUAr4 Dollar buffeted vs yen by suspected BOJ intervention Shares pare early gains as China markets ease China GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct 24 (Reuters) – The US dollar weathered another suspected blast of Japanese intervention to push higher on the …
Dollar absorbs suspected yen intervention, China data mixed Read More »
IBM up as it sees higher full-year sales Tesla expects to miss the vehicle delivery target this year AT&T raises annual profit forecast Dow down 0.3%, S&P 500 down 0.80%, Nasdaq down 0.61% NEW YORK, Oct 20 (Reuters) – US stocks closed lower on Thursday as data on the labor market and comments from a …
Wall Street ends lower as Fed worries outweigh earnings Read More »
DETROIT, Oct 19 (Reuters) – Hyundai Motor Co (005380.KS), Korea’s top automaker, is investigating child labor violations in its US supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers , the company’s global chief operating officer Jose Munoz told Reuters on Wednesday. A Reuters investigative …
EXCLUSIVE Korean auto giant Hyundai investigating child labor in its US supply chain Read More »
Bank of America, BNY benefit from rising interest rates Growth stocks jump as Treasury yields fall Goldman Sachs up on report of major business overhaul Dow up 1.95%, S&P 500 up 2.76%, Nasdaq up 3.53% Oct 17 (Reuters) – US stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of …
Wall Street jumps after BofA results, UK reversal Read More »
Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters. The plans, which are expected to be announced on Oct. 18 in conjunction …
Goldman plans major overhaul to combine key units – source Read More »
JPM reports higher-than-expected Q3 profit S&P 500, Nasdaq post weekly declines US consumer sentiment edges up October; inflation ests. worse Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08% NEW YORK, Oct 14 (Reuters) – US stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve’s aggressive rate hike …
Wall St drops as consumer data stokes inflation worries Read More »
Oct 14 (Reuters) – Kroger Co ( KR.N ) snapped up Albertsons Cos Inc ( ACI.N ) in a $25 billion deal on Friday, creating a US grocery behemoth to better compete with leader Walmart Inc ( WMT.N ) on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and …
US grocer Kroger carts away Albertsons for $25 a month but faces antitrust test Read More »
Stocks rise in late-day surge on oversold conditions US private payrolls increase in September – ADP Twitter eases from one-year high, Tesla falls 6% Energy stocks jump as OPEC+ agrees to oil output cuts Indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25% Oct 5 (Reuters) – Wall Street stocks closed lower on Wednesday, unable …
Wall Street ends down as two-day rally fizzles on data, Fed message Read More »
