Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, iPhone factory unrest adds to economic concerns

COVID restrictions grew as the number of cases increased Unrest in the iPhone factory underlines industrial, social risks Analysts warn of potential for wider lockdowns Resort Sanya imposes movement restrictions on newcomers BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, compounding investor concerns about the economy … Read more

France, Germany, Spain agree to continue development of FCAS combat aircraft – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have agreed to start the next phase of development of a new fighter jet called FCAS, Europe’s largest defense project with an estimated cost of more than 100 billion euros ($103.4 billion). ), the German government said on Friday. The defense ministry said in a statement … Read more

Amazon plans to lay off 10,000 employees starting this week – NYT

Nov 14 (Reuters) – Amazon.com Inc (AMZN.O) plans to lay off about 10,000 workers in business and technology jobs as early as this week, the New York Times reported Monday, citing people with the know-how. The job cuts will focus on the e-commerce giant’s devices unit, which houses voice assistant Alexa, as well as its … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rises Nasdaq and S&P 500 rise for second day Indexes End: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq finished sharply higher on Friday, continuing a rally that had started the day before after soft inflation raised hopes that the Federal Reserve … Read more

China’s COVID epicenter shifts to Guangzhou, more lockdowns looming

Southern manufacturing hub fighting worst COVID-19 flare Cases Double in Zhengzhou, Apple Supplier Manufacturing Base Chinese stocks, currency decline over virus fears BEIJING, Nov. 8 (Reuters) – New coronavirus cases have risen in Guangzhou and other Chinese cities, official data showed on Tuesday, with the global manufacturing hub becoming China’s latest COVID1-9 epicenter and testing … Read more

EA lowers booking expectation on strong dollar, gaming slowdown

Nov. 1 (Reuters) – Electronic Arts Inc (EA.O) cut its forecast for annual bookings on Tuesday as the publisher of “FIFA” and “Apex Legends” grapples with the US dollar’s rise this year and a slowdown in the game industry from pandemic heights. The company now expects annual bookings — an indicator of future revenue — … Read more

No Microsoft fixes in first EU antitrust assessment of Activision deal – source

BRUSSELS, Oct. 31 (Reuters) – Microsoft Corp’s (MSFT.O) has offered no remedies to EU antitrust regulators reviewing its proposed $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O) ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition … Read more

Exxon’s Record Third Quarter Earnings Nearly Match Apple’s

Oil company beats Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil production this year on losses in Russia HOUSTON, Oct. 28 (Reuters) – Exxon Mobil Corp (XOM.N) surpassed expectations on Friday as rising energy prices fueled a record-breaking quarterly profit, nearly equal to that … Read more