Tag: “Sector”

In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed.

Swedish gaming group Embracer’s share price plummeted on Wednesday after the group slashed its forecast for the year and said a $2bn partnership deal had fallen through.

Meta has begun its third round of layoffs as part of the company’s multibillion-dollar plan to save costs.

Dick’s Sporting Goods stock rose early Tuesday morning as the company reaffirmed its outlook and beat first fiscal-quarter earnings expectations.

Zoom Video Communications is struggling to join in this year’s rally in technology stocks. Even a surprise earnings beat didn’t seem enough to dispel concerns about lower corporate spending and competition from rivals such as Microsoft.

Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items.

As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev from a backlash against Bud Light, rival Heineken is spending $100 million to promote a new light beer to Americans.

Weight loss drug Wegovy has transformed the obesity market and pharmaceutical companies with existing treatments are hoping the resulting demand will boost demand for their older, less effective but cheaper, drugs.

British oil giant Shell’s annual general meeting Tuesday looks set to be an acrimonious one, with climate-focused investors seeking to ramp up pressure on the energy major after an extraordinary run of record profits.

Saudi oil minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead.

China’s cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc (MU.O) had failed its network security review and it would bar operators of key infrastructure from buying from the company.

NET PROFIT: The Irish low cost carrier reported a swing to net profit of 1.31 billion euros ($1.42 billion) for the year ended March 31 from a net loss of EUR240.8 million for fiscal 2022.

Regional lender PacWest Bancorp said on Monday it agreed to sell a portfolio of 74 real estate construction loans with an aggregate principal outstanding balance of around $2.6 billion to a unit of Kennedy-Wilson Holdings.

Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S.

Chevron CVX said Monday it acquire PDC Energy PDCE in an all-stock transaction valued at $6.3 billion, or $72 a share.

Nvidia Corp on Monday said it has worked with the U.K.’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel Corp and Advanced Micro Devices Inc .

JPMorgan Chase & Co’s net interest income would rise by $3 billion this year due to its purchase of failed First Republic Bank, according to a presentation published ahead of its investor day on Monday.

(Bloomberg) — The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Turkish banks have restricted access to some individual loans and postponed decisions on extending corporate loans following new regulations introduced since Sunday’s inconclusive presidential vote and ahead of a May 28 runoff, bankers said.

The U.K. on Friday announced up to £1 billion ($1.24 billion) of support for its semiconductor industry, seeking to boost its domestic chipmaking capabilities and prevent further disruptions to supply