Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for …
Intel slashes employee, exec pay amid PC market downturn Read More »
Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
Job openings increased by 572,000 to 11 million in December Manufacturing activity slumps further in January Private payrolls increased by 106,000 in January WASHINGTON, Feb 1 (Reuters) – US job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, which could keep the …
US job openings increase to five-month high as labor market remains tight Read More »
SINGAPORE, Feb 2 (Reuters) – Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite as investors hope the climb in US interest rates will come to an end soon . MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was …
Stocks in Asia surge, dollar eases on Powell’s “disinflationary” comment Read More »
Fed’s rate decision expected at 1400 ET AMD expects a strong second half of 2023 Amgen weighs on Dow as Q4 revenue falls slightly EA cuts bookings view, shares slide Indexes down: Dow 0.64%, S&P 0.26%, Nasdaq 0.15% Feb 1 (Reuters) – US stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on …
Wall Street dips as Fed decision looms; AMD boosts chipmakers Read More »
NEW YORK, Jan 30 (Reuters) – A US judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried should be made public, but put his ruling on hold pending an expected appeal. US District Judge Lewis Kaplan in Manhattan ruled in favor of several …
People who posted Sam Bankman-Fried’s bail should be named, US judge rules Read More »
SINGAPORE, Jan 31, (Reuters) – Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …
Disillusioned at home, super-rich Chinese set their sights on Singapore Read More »
Chip profit lowest since Q1 2009 Analysts expect chip business to report Q1 loss Company flags organic chip production curb Says demand to recover starting H2 SEOUL, Jan 31 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) on Tuesday indicated it has no plan to cut investment in chips this year, even as a …
Samsung to keep up chip investment, undeterred by 8-year-low profit Read More »
A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. This week promises to be one of the most action-packed in a while. Three of the world’s most influential central banks are likely to raise rates to their highest since the financial crisis, while Q4 earnings season is starting to …
https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, …
Asia shares turn cagey as rate hikes, earnings loom Read More »
