The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.75%. September E-mini S&P futures (ESU26) rose +0.01%, and September E-mini Nasdaq futures (NQU26) rose +0.80%. Stock indexes settled mixed on Thursday, with the S&P 500 falling to a…
By Milana Vinn and Jaspreet Singh June 25 (Reuters) – ON Semiconductor Corp said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, its largest acquisition to date, as the chipmaker seeks to expand its presence in AI-enabled devices and so-called physical AI. Under the terms of…
Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi crude. Lingering uncertainties about the navigability of the Strait of Hormuz and high freight costs have deterred Asian buyers from continuing the…
John D. Staszak, CFA Securities Analyst: Consumer Discretionary & Consumer Staples John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as…
Kristina Ruggeri Analyst: Generalist Kristina began working with Argus Research in 2019. She is responsible for covering selected Consumer Discretionary and Consumer Staples Stocks and has nearly 20 years of experience in the financial services industry. Kristina began her career at Price Waterhouse where she audited asset managers, broker dealers, and banks. Later she joined…
What happened: Memory and storage stocks rallied on Thursday. Shares of Sandisk (SNDK) and Western Digital (WDC) gained 21% and 4%, respectively, while chipmaker Qualcomm (QCOM) and machine manufacturer Applied Materials (AMAT) also rose. What’s behind the move: The iShares Semiconductor ETF (SOXX) ticked up by more than 3% after Micron Technology’s (MU) blowout quarterly results…
What happened: IBM (IBM) shares erased earlier gains to slip into negative territory on Thursday. What’s behind the move: The enterprise information technology company unveiled what it called the world’s first sub-1-nanometer (nm) chip technology. “IBM’s new sub-1 nm chip packs nearly 100 billion transistors onto a chip the size of a fingernail, nearly twice the density…
By Nick Carey and Divya Rajagopal WUHU, China/TORONTO, June 25 – Just two weeks after Canadian Prime Minister Mark Carney announced in January he would allow limited electric-vehicle imports from China, that country’s biggest auto exporter, Chery, held its first meetings in Canada with car dealers. China’s national champion BYD, now the world’s largest EV…
Tertiary Minerals (AIM:TYM) managing director Richard Belcher joined Proactive’s Stephen Gunnion to discuss the company’s largest drilling programme in Zambia to date and next steps at its Mushima North project. Belcher explained that the 4,000-metre campaign aims to support delineation of a formal mineral resource at the Target A1 prospect by year-end, while also testing…
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. FedEx will begin passing refunds on now-defunct tariffs back to customers that originally paid them starting in August, EVP and Chief Customer Officer Brie Carere said in an earnings call Tuesday….
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