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U.S. considers crackdown on memory chip makers in China

U.S. considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of an attempt to stop China’s semiconductor sector from advancing and protecting American companies. If the administration …

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Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Jul 28 (Reuters) – Apple Inc (AAPL.O) said on Thursday spare parts shortages are easing and demand for iPhones continues despite consumers curtailing other spending, helping beat Wall’s expectations. Street and forecasts faster sales growth in the future. Shares of the Silicon Valley giant rose 3.5% hours after the results were released. Although macroeconomic indicators …

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Wall St ends up sharply for 2nd day; Amazon.com, Apple jump after hours

Wall St ends up sharply for 2nd day; Amazon.com, Apple jump after hours

The US economy contracts in the second quarter Meta Platforms revenue falls for the first time Ford shares rise after results Indices: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, Jul 28 (Reuters) – U.S. stocks rose for a second straight day on Thursday, with all three major indexes ending more …

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Wall Street falls as Walmart warning rattles retail sector

Wall Street falls as Walmart warning rattles retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Record Walmart lowers earnings forecast, drags down retailers McDonald’s beats sales and profit estimates GE jumps on higher profits, Coca-Cola rises on increase forecast …

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S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

Apple, Amazon.com among companies to report earnings this week The FOMC will start a two-day policy meeting starting Tuesday Minera Newmont falls after raising annual cost forecast Indices: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, Jul 25 (Reuters) – The S&P 500 rallied on Monday, closing almost unchanged, as investors …

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