Wall Street is looking at the positive side of Samsung’s 96% profit drop, production cuts. Here’s why
In conjunction with preliminary results pointing to a 96% drop in quarterly profit, Samsung said Friday it plans to cut production of two types of memory.
FBI warns against using public phone charging stations
The law enforcement agency said bad actors had figured out how to infect phones with malware using public charging cables.
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Those reporting that credit is much or somewhat harder to get than a year ago rose to 58.2%, the highest ever.
Buy these stocks with fortress balance sheets to win in the slowing economy, Morgan Stanley says
The firm said these stocks have downside support and enough cash on hand to buy back shares or acquire companies at a discount.
Apple’s Mac shipments fall more than 40%, worse than major rivals
The year-over-year fall is the worst performance of the top five PC manufacturers and comes amid fears of a recession and weakened consumer demand, IDC said.
An earnings recession plagues investors’ minds as reporting season approaches
There may not be a recession yet, but there is certainly an earnings recession.
Japan’s new central bank chief vows to guide policy ‘flexibly’
Kazuo Ueda, Japan’s new central bank, assumed his post with a pledge to guide monetary policy ‘flexibly’ against a background of high economic uncertainty.
10-year Treasury yield rises as traders await key inflation data this week
Investors looked ahead to the March CPI report set to release Wednesday.
Uber-owned Careem launches spinout with $400 million investment from UAE tech holding company e&
Careem Technologies will focus on the growth of the company’s “super app,” which offers dozens of services beyond ride hailing in one app.
Japan government weighs A.I. adoption as OpenAI CEO Sam Altman visits Prime Minister Fumio Kishida
OpenAI CEO Altman said he told Japan’s Kishida about “the upsides of this technology and how to mitigate the downsides” at the Monday meeting in Tokyo.
