Asian chip stocks rally after Micron’s bullish forecast signals easing supply glut
Shares of Asian chipmakers rallied after Micron’s earnings beat estimates on the back of higher demand for its memory chips driven by the growing A.I. sector.
Armed man killed in gunfire exchange near U.S. consulate in Saudi Arabia
Two people were killed when an armed man exchanged fire with Saudi Arabian security authorities near the U.S. consulate building in Jeddah.
Huawei says applying 5G technology to business was more difficult than expected
Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G to business was more difficult than she had expected.
Asia pushes back on ‘excessive’ currency moves amid enduring dollar strength
Japan, Malaysia and China officials have taken steps to push back this week against bets that have dragged their currencies to multi-month lows.
These stocks raised dividends for the last 5 years, with 2 offering more than 10% yield
CNBC Pro screened for stocks to beat those still-rising prices, with at least a 5% dividend yield, and further upside of more than 20%.
These two globally competitive food delivery stocks will soar 120%, RBC says
The investment bank’s analysts said that the two companies had room to further improve profitability by raising the cost of food delivery.
Asia markets mixed; chip stocks surge after Micron’s strong forecast
Asia-Pacific shares are mixed as investors continue to digest comments from Federal Reserve Chair Jerome Powell on more restrictive policies ahead.
A.I., rate cuts and Japan’s rebound: Asia stocks are looking ‘much more promising’ than U.S. peers
Asia is more economically diverse than Europe and the U.S. and there are still bright spots in the region, especially in Japan and South Korea.
Microsoft CEO Nadella says he has ‘no love’ for exclusive deals between game companies and consoles
Microsoft CEO Satya Nadella said in court on Wednesday that he doesn’t believe in making games exclusive to particular consoles.
Dow closes 200 points higher as major banks pop on stress test results, GDP revised upward: Live updates
The stock market is nearing the end of the first half of 2023 with strong performance.
