US finalizes rules to prevent China from benefiting from $52 billion in chips funding
(Reuters) – The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used…
Nikkei slips amid Wall Street downturns, BOJ maintains relaxed policy
The Nikkei share average ended Friday with a 0.52% drop to 32,402.41, following an earlier slump to a nearly month-long…
Apple’s flagship Shanghai store buzzes as iPhone 15 goes on sale
(Reuters) – Over a hundred customers queued inside Apple (NASDAQ:AAPL)’s flagship store in the Chinese financial hub of Shanghai on…
AI chip industry sees turbulence as Google weighs manufacturing options
Thursday’s stock market slump was marked by significant movements in the artificial intelligence (AI) chip industry. Investor discomfort with the…
Microsoft lifts quarterly dividend by 10% amid strong business performance
In a testament to its robust business performance and confidence in its cash flow, Microsoft (NASDAQ:MSFT) announced a 10% increase…
Netflix can be sued by ex-Central Park Five prosecutor for defamation
(Reuters) – Netflix was ordered by a federal judge to face a defamation lawsuit by best-selling author and former Manhattan…
EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal
(Reuters) – EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik’s proposed purchase…
With Fed out of the way, Wells Fargo sees S&P 500 rising to 4,600
Wells Fargo analysts see the S&P 500 well positioned to rise in the near term following an ‘in line’ FOMC…
Futures drop as Treasury yields rise after Fed’s hawkish pause
(Reuters) – U.S. stock index futures declined on Thursday as growth stocks took a hit from a jump in Treasury…
UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources
(Reuters) – UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two…