61.29 F
New York
October 18, 2021

COMS

After Wild West start, scooter providers chase scale to survive

Reuters
LONDON, Oct 14 (Reuters) – The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e-scooters say......

S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag

Reuters
JPMorgan falls, BlackRock gains after earnings Fed minutes hint at tapering from November U.S. consumer prices post solid gain in September Indexes: Dow flat, S&P 500 up 0.3%, Nasdaq up 0.7% NEW YORK, Oct 13 (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in......

Push by ports, delivery companies to ease holiday bottleneck, Biden says

Reuters
WASHINGTON, Oct 13 (Reuters) – President Joe Biden on Wednesday launched an effort to ease supply chain blockages that are threatening to disrupt the U.S. holiday season, relying on expanded port and shipping operations and urging other businesses to speed up operations. The moves were a first step, Biden said,......

Apple likely to cut iPhone 13 production due to chip crunch -Bloomberg News

Reuters
Oct 12 (Reuters) – Apple Inc (AAPL.O) is likely to slash production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company was expected to produce 90 million units of......

Samsung leader Lee set to stand trial for alleged unlawful use of sedative

Reuters
Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool SEOUL, Oct 12 (Reuters) – Samsung conglomerate leader Jay Y. Lee is set to stand trial on Tuesday charged with the unlawful use of......

TSMC and Sony considering joint chip factory, Japan gov’t to help -Nikkei

Reuters
TOKYO, Oct 8 (Reuters) – Taiwan’s TSMC (2330.TW) and Japan’s Sony Group Corp (6758.T) are considering jointly building a chip factory in Japan, with the government ready to pay for some of the investment of about 800 billion yen ($7.15 billion), the Nikkei reported on Friday. The plant in Kumamoto,......

Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce

Reuters
U.S. Senate rushes to advance $480 bln debt-limit increase U.S. weekly jobless claims fall sharply Consumer discretionary and materials lead sectors Levi Strauss shares soar after profit beat Indexes jump: Dow 0.98%, S&P 0.83%, Nasdaq 1.05% Oct 7 (Reuters) – Wall Street ended sharply higher on Thursday in a broad-based......

Ireland agrees to global tax deal, sacrificing prized low rate

Reuters
Commuters make their way into work in the morning in the financial district of Dublin, Ireland October 18, 2018. REUTERS/Clodagh Kilcoyne Move gives boost to global corporate tax reform effort Ireland says decision difficult but the right one Assured EU will not seek tax rate above global consensus DUBLIN, Oct......

EXCLUSIVE Dutch watchdog finds Apple app store payment rules anti-competitive – sources

Reuters
Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo AMSTERDAM, Oct 7 (Reuters) – The Dutch antitrust authority has found that Appleā€™s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it......

EXCLUSIVE Apple to face EU antitrust charge over NFC chip – sources

Reuters
BRUSSELS, Oct 6 (Reuters) – Apple (AAPL.O) will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals.......

Nvidia offers EU concessions over $54 billion Arm deal

Reuters
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu BRUSSELS, Oct 6 (Reuters) – Nvidia (NVDA.O) has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a......

EU lawmaker says U.S. tech giants should be regulated where they are based

Reuters
The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo STRASBOURG, Oct 5 (Reuters) – U.S. tech giants such as Apple (AAPL.O), Google, Facebook (FB.O) and Amazon (AMZN.O) should be regulated by the EU country where they are based under proposed EU rules, a top lawmaker said......

Samsung Electronics close to finalising $17 bln Texas chip plant -sources

Reuters
SEOUL/SAN FRANCISCO, Sept 29 (Reuters) – Samsung Electronics Co Ltd (005930.KS) is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said. Samsung told Reuters that it is continuing due diligence in......

ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

Reuters
AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. In a pre-market statement, the company estimated......

Analysis: Huawei CFO’s admissions won’t help U.S. in its case against the company -legal experts

Reuters
Sept 28 (Reuters) – The admission by Huawei’s chief financial officer that she misled a bank about the company’s business dealings in Iran likely won’t help the United States as it continues to prosecute Huawei for the same charges. While Meng Wanzhou’s admissions last week go to the heart of......

U.S. citizens blocked from leaving China return home after three years

Reuters
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo WASHINGTON, Sept 27 (Reuters) – Two American siblings prevented from leaving China since 2018 returned to the United States over the weekend, according to a U.S. official, their release......

U.S. citizens blocked from leaving China return home after three years

Reuters
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo WASHINGTON, Sept 27 (Reuters) – Two American siblings prevented from leaving China since 2018 returned to the United States over the weekend, according to a U.S. official, their release......

U.S. to open program to replace Huawei equipment in U.S networks

Reuters
A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song/File Photo WASHINGTON, Sept 27 (Reuters) – The U.S. Federal Communications Commission (FCC) on Monday said it would open a $1.9 billion program to reimburse mostly rural U.S. telecom carriers for removing......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

China welcomes Huawei executive home, Trudeau hugs Canadians freed by Beijing

Reuters
SHENZHEN, China/TORONTO, Sept 25 (Reuters) – Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday, ending her near three-year U.S. extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home, potentially paving the way for improved ties between China and the......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More