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Computer chip giant ASML places big bets on a tiny future
Computer chip giant ASML places big bets on a tiny future
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tons, in its quest to produce beams of focused light that create the microscopic circuitry on computer chips used in everything from phones and laptops to cars and AI. The…
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Apple sees bigger supply problems after a strong start this year
Apple sees bigger supply problems after a strong start this year
OAKLAND, Calif., April 28 (Reuters) – Apple Inc (AAPL.O) on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion. Shares were down 2.2% in late trade after executives laid out their glum outlook on a conference call. The news outweighed…
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Wall Street closed lower as investors await more earnings signals
Wall Street closed lower as investors await more earnings signals
Bank of America Boosts S&P 500 Index Twitter gains ground after adopting ‘toxic birth control pills’ Didi to meet on US delisting plans, stocks plunge Indices down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – US stocks closed lower on Monday after a session that saw all three indexes slide between positive and negative territory, as investors compared Bank of America’s positive…
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Western firms head for the exit in Russia as sanctions tighten
Western firms head for the exit in Russia as sanctions tighten
BP to exit Rosneft stake worth $25 billion Pressure on other energy companies to follow suit Shares in firms with Russian assets take a hit Some Russian banks shut out from SWIFT EU, Canada, Britain shut airspace to Russia Feb 28 (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of Western firms looking to exit Russia on…
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