Tag: cent
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Asia shares retreat as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Asia shares retreat from record as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Asian shares fall as Apple’s price hikes dents tech optimism
SYDNEY, June 26 : Asian shares eased from record highs on Friday as hefty price hikes from Apple showed the downside of the boom in chip demand, while only the threat of Japanese intervention kept the yen from hitting 40-year lows. Brent crude futures slipped 0.5 per cent to $74.89 a barrel, having bounced 2
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Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden
TOKYO, June 26 : Annual core inflation in Japan’s capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates.”The impact of the Middle East situation is spreading primarily
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Trading Day: Tech outlook is cloudy
ORLANDO, Florida, June 25 : It was a day of modest reversals across currencies and commodities on Thursday, to varying degrees, as the dollar rally and oil slump paused for breath. Meanwhile, stocks in Europe and Asia rose, but megacap tech weakness weighed on Wall Street. In my column today, I look at the wi
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Dollar retreats as US inflation data eases rate hike expectations
NEW YORK, June 25 : The dollar was set to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation softened expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expenditures pric
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World stocks climb on chip rally; dollar steadies near one-year high
NEW YORK, June 25 : Global stocks rose on Thursday as strong earnings from chipmakers lifted sentiment, while the dollar hovered near a one-year high, with investors remaining wary about stretched valuations.The benchmark S&P 500 and the Nasdaq were advancing on Wall Street, led by industrials, healthcare and
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Exclusive-Bumble dating app explores sale, sources say
NEW YORK, June 25 : Dating app Bumble is exploring a sale amid slowing growth in the online dating sector, according to three people familiar with the matter.The company, which gained recognition as one of the first major platforms to require women to initiate contact, is working with investment bankers at Mo
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Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expen
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Global chip stocks surge as blowout Micron results reignite AI rally
SEOUL/MILAN, June 25 : Global chip stocks surged on Thursday after Micron Technology’s blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia’s AI chipsets
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