Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC), sources familiar with the matter told Reuters.
Recent falls in commodity prices have encouraged expectations the U.S. central bank may be able to get inflation back under control without pushing the economy into a recession.
Recent falls in commodity prices have encouraged expectations the U.S. central bank may be able to get inflation back under control without pushing the economy into a recession.
Japanese shares closed higher on Thursday, as investors continued to hunt for beaten-down technology stocks, with sentiment underpinned by Wall Street's overnight gains.
Japan's Nikkei closed 1% higher on Tuesday as investors hunted for beaten-down technology stocks, with sentiment underpinned by gains in Asian stocks U.S. futures. The Nikkei share average advanced 1.03% to 26,423.47. The broader Topix rose 0.5% to 1,879.12. "Investors took a fresh view on technology and growth stocks as U.S. yields stabled.
* U.S. manufacturing activity slows more than expected in June. * Kohl's tumbles after calling off sale to Franchise Group (FRG). * Micron's downbeat forecast fuels selloff in chip sector. * Indexes down: Dow 0.40%, S&P 0.38%, Nasdaq 0.51% By Amruta Khandekar.
* U.S. manufacturing activity slows more than expected in June. * Kohl's tumbles after calling off sale to Franchise Group (FRG). * Micron's downbeat forecast fuels selloff in chip sector. * Indexes down: Dow 0.37%, S&P 0.26%, Nasdaq 0.05% By Amruta Khandekar.
- A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones.
* Prosus tops STOXX 600 on Tencent stake sale plan. * Shanghai declares victory over COVID-19. * Mining sector leads gains. By Devik Jain and Susan Mathew. European shares closed at a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global sentiment, while Prosus shares rallied on the Dutch company's plans to trim its Tencent stake.
Japanese shares rose on Friday as technology stocks tracked overnight gains on Wall Street, with sentiment aided by loose monetary policy in the country. By 0210 GMT, the Nikkei share average was up 0.8% at 26,372.16. It is on course to post a 1.6% rise for the week, and down 3.28% for the month so far. The broader Topix rose 0.35% to 1,858.16 - on track for a 1.23% weekly gain.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required