China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations
Net income in the first quarter plunged 68.9% from a year ago to $71.79 million.
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.
Asia markets track Wall Street gains amid renewed U.S. rate cut hopes; Hong Kong stocks hit 10-month high
Investors assessed Japan’s trade and household spending figures for March on Friday.
Portfolio manager names 3 under-the-radar growth stocks to buy right now
Winthrop Capital’s Adam Coons expects growth stocks to continue to outperform value stocks: “We are looking for higher quality names.”
An Nvidia partner and more: Morgan Stanley names tech stocks set for a boost from Arm-based PC chips
AI PCs loaded with chips developed by Arm are set to “start a transformation” that will affect the global semiconductor industry, Morgan Stanley says.
Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo
The NLRB is accusing Tesla of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint filed late Wednesday.
Chinese EV maker Zeekr prices IPO at $21, at the top end of range
Chinese electric vehicle maker Zeekr will reportedly price its initial public offer at $21 a share Thursday.
Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano
Apple on Thursday took the unusual step of apologizing for a short advertising video promoting the company’s new iPad Pro tablet.
Robinhood’s crypto transaction revenue soars 232% from a year ago: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
Money market funds yielding more than 5% won’t last. Where to deploy idle cash instead
Yields in cash are poised to drop once the Federal Reserve pulls back rates.
