US computer memory chip maker Micron Technology Inc. is reportedly set to accept $6.1 billion grants from the Commerce Department to fund its domestic chip plants in a bid to revitalize semiconductor output in the country. Sources familiar with the matter said the subsidies have yet to be finalized and may be officially confirmed next …
US Reportedly Set to Award Micron $6.1B in Chip Grants Read More »
On Wednesday, oil prices dropped due to worries about global demand amid China’s economic slowdown and anticipated US commercial stock increases, despite Middle East tensions. In the Asian afternoon session, Brent futures for June delivery dipped by 0.34% to $89.69 a barrel. Moreover, West Texas Intermediate (WTI) declined by 0.39% to $85.03 per barrel. Furthermore, …
Oil Prices Dip as Demand Concerns Offset Mideast Stock Fears Read More »
US video game giant Take-Two Interactive Software Inc. is set to conduct a new round of job cuts and call off a few projects as part of its push to trim costs amid uncertainty over consumer spending in games following a pandemic-driven boom. The Rockstar Games Inc. parent stated it will lay off 5% or …
Take-Two Plans New Round of Layoffs, Cancels Few Projects Read More »
On Tuesday, gold prices surged, holding close to record highs as safe-haven demand maintained, underpinned by concerns about exacerbating Iran-Israel tensions. In the Asian afternoon session, gold futures in June delivery rose by 0.10% to $2,385.50 per troy ounce. However, spot gold declined by 0.59% to $2,369.10 per troy ounce. Although the precious metal had …
Gold Prices Rise as Mideast Tensions Boost Safe Haven Demand Read More »
On Monday, Tesla Inc.’s shares tumbled on reports that Elon Musk announced a new round of layoffs through an internal memo. The Austin-based automaker’s stock edged 5.59% lower to $161.48 per share on April 15, followed by a 0.76% after-hours dip. Moreover, industry watchers project a 1.22% decline to $159.51 apiece in the coming market …
Tesla Stock Falls as Insiders Leak Elon Musk Layoff Memo Read More »
South Korean tech giant Samsung Electronics Co. has outperformed its US rival Apple Inc. in phone making, as the iPhone maker lost its lead after a shipment drop in the first quarter of this year. Data from a Massachusetts-based research firm showed that Apple’s iPhone shipments in the three months ending March 31 stood at …
Samsung Reclaims Lead as Apple’s iPhone Shipments Fall in Q1 Read More »
Oil prices recovered on Friday, finding support from a stronger potential for supply disruptions due to the escalating conflict between Israel and Iran, although prices are on track for weekly declines amid the prospect of fewer interest rate cuts from the Federal Reserve this year. June contract Brent crude oil futures gained 1.01% to $90.65 …
Oil Prices Recover on Mideast Crisis; Face Weekly Decline Read More »
US tech giant Apple Inc. reportedly plans to update all its Mac models by equipping each with its new in-house M4 artificial intelligence- (AI) powered chip., in a bid to drive momentum into slow PC sales. People with knowledge of the matter said the Cupertino-based company is close to producing the next-gen M4 computer processors, …
Apple Reportedly Plans to Upgrade Mac Line with M4 AI Chip Read More »
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