Consumer goods

Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, …

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Ces cinq actions du S&P 500 ont perdu près d'un demi-billion de dollars en valeur en une journée au milieu d'un anéantissement généralisé

These five S&P 500 stocks lost nearly half a trillion dollars in value in one day amid widespread annihilation

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

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Biden has finalized his plan to rein in Big Tech.  Big Tech was not invited.

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited.

President Joe Biden’s administration released a checklist of actions needed to rein in Big Tech on Thursday, following a roundtable “listening session” on issues in the tech industry. But administration officials weren’t “listening” to companies that are the target of many desired actions – Google’s parent company Alphabet Inc. GOOGL, +2.09% GOOG, +2.16%, Amazon.com Inc. …

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited. Read More »