Credit Suisse Sees Microsoft Azure Narrow Revenue Gap To Amazon Web Services And Widen Gap To Google Cloud, Alibaba Cloud

  • Reuters

    Samsung’s Lee discusses smooth supply of “essential” chip equipment with ASML’s Wennink

    Samsung Electronics Vice Chairman Jay Y. Lee met with ASML Holding NV CEO Peter Wennink on Tuesday to discuss cooperating over the adoption of high-end chip equipment, Samsung said on Wednesday. A company statement said Lee and executives from the Dutch multinational held wide-ranging discussions on the smooth supply of extreme ultraviolet (EUV) lithography equipment, “essential for implementing minute processes for next-generation semiconductor production.” ASML’s EUV machines are key to advanced chipmaking and cost up to $160 million each, and the limited number produced has created a bottleneck for chipmakers like Samsung, TSMC and Intel which have plans to spend more than $100 billion in coming years to build semiconductor plants.

  • MarketWatch

    AT&T stock heads for longest losing streak since 2020

    Shares of AT&T Inc. are down 3.4% in Thursday afternoon trading and on track to log a decline for the seventh-straight trading session. That would mark the stock’s longest losing streak since the 10-session stretch that ended Oct. 21, 2020, according to Dow Jones Market Data. AT&T shares have lost 11.0% in the current seven-day slide, while the S 500 , which is down in six of the last seven sessions, is off 11.9% over the same stretch. ATT earlier this week provided new commentary on its busines

  • Reuters

    Exclusive-India likely to impose ceiling on next season’s sugar exports – sources

    India is likely to impose a ceiling on sugar exports for a second straight year starting this October, aiming to ensure ample domestic supplies and keep a lid on local prices, industry and government sources said on Friday. India, the world’s biggest sugar producer, could cap exports of the sweetener at 6 million to 7 million tonnes in the 2022/23 October-September season, about one-third less than the total to be shipped out in the current season, industry and government sources said. The curbs on exports by India, also the world’s second-biggest sugar exporter, could further lift benchmark white sugar prices, which are already trading near 5-1/2 year highs, traders said.

  • Insider Monkey

    Value Hedge Funds are Winning in 2022 Thanks to These 15 Stocks

    In this article, we discuss the value hedge funds winning in 2022 and the 15 stocks that helped them do it. If you want to read about some more value stocks, go directly to Value Hedge Funds are Winning in 2022 Thanks to These 5 Stocks. Elite hedge funds are often lauded as huge market-beating […]

  • Reuters

    Tesla investor sues Musk, board over accusation of workplace discrimination

    Thursday’s lawsuit is the latest against Tesla, which has been accused of racial discrimination and sexual harassment in its factories. “Tesla has created a toxic workplace culture grounded in racist and sexist abuse and discrimination against its own employees,” the investor, Solomon Chau, said.

  • Bloomberg

    China’s No. 2 Online Mall Warns Consumer Recovery Months Away

    (Bloomberg) — China’s No. 2 online retailer sees worrying signs that shoppers are reluctant to reopen their wallets even as major cities emerge from bruising Covid lockdowns, suggesting consumer spending may take months to recover.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsStocks Jump as Powell Soothes Wall Street’s Nerves: Markets WrapFed Hikes 75 Basis Points; Powell Says 75 or 50 Likely in JulyWorld’s Central Banks Got It Wrong, and Economies Pay

  • TipRanks

    ‘Load Up,’ Says Jim Cramer About These 2 High-Yield Dividend Stocks

    The biggest news of the week is coming from the Federal Reserve. The central bank’s open market committee (FOMC), tasked with setting interest rates to match the current environment, closed its meeting with the announcement of a 75-basis point increase in the benchmark interest rate. The hike, which was the Fed’s largest single move since 1994, brings the rate to the range of 1.5% to 1.75%, and shows that the central bank is committed to fighting inflation. What will happen now is anyone’s guess

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