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After two years of unprecedented chip sales and demand related to the COVID-19 pandemic, a much-dreaded reversal has hit the semiconductor industry, but some markets are still performing well – for now. Wall Street analysts have been expecting a turnaround in the chip sector for months. And as pandemic-era shortages eased and customers realized they
Verizon Communications Inc. is in a “particularly difficult position” given current trends in the wireless industry, and that momentum is leading one analyst to take a more bullish view on stocks. MoffettNathanson analyst Craig Moffett lowered his rating on the telecoms stock to underperform the market on Thursday, writing that he continues to see “no
Ether has hugely outperformed bitcoin since the two cryptocurrencies bottomed in June 2022. Ether’s higher gains came as investors anticipate a major upgrade to the Ethereum blockchain called “the merger.” Getty Images Since hitting a low in mid-June, ether has massively outperformed bitcoin as investors anticipate a major Ethereum blockchain upgrade. Bitcoin hit a low
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Investors are still evaluating Wednesday’s Fed minutes Kohl’s slashes 2022 forecast Indices: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug 18 (Reuters) – U.S. stocks ended higher on Thursday as upbeat sales forecasts from Cisco Systems helped boost the tech sector, while data showed the economy remained relatively strong. Investors
Dan Price, the CEO who slashed his own salary to $70,000 while raising the minimum wage at Gravity Payments, has quit amid charges of assaulting a 26-year-old woman. Price, 38, announced his exit in a statement shared on Twitter and said Tammi Kroll, longtime COO of Gravity Payments, would replace him as the company’s senior
Bambi Okugawa is a data center technician at one of Google’s data centers in a US state with one of the country’s strictest abortion bans: Tennessee. The state will ban abortions as early as six weeks, without exception for rape or incest, on Aug. 25 due to a “trigger law.” If necessary, Okugawa could have
When can we really say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. Add our call of the day to this last batch. It comes from True Contrarian blog and newsletter managing director Steven Jon Kaplan, who sees investors mired
Tencent runs the ubiquitous Chinese messaging app WeChat. The company offers a short video feature in the app and has started monetizing it through in-feed video ads. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrout | Sopa Pictures | Light flare | Getty Images Tencent said advertising
The facility is in the suburb of Albany, New York. The National Labor Relations Board, which oversees union representation votes, confirmed the filing but has not yet verified the signatures of the employees who signed the cards asking for the vote. At least 30% of the employees in a potential bargaining unit must sign cards
Dodge Charger Daytona SRT concept car To dodge DETROIT — Dodge on Wednesday unveiled a new concept car dubbed the Charger Daytona SRT as a preview of its first all-electric muscle car, expected in 2024. The two-door coupe is the first glimpse of what the next vehicle should look like, which will replace Dodge’s current