(Bloomberg) The EU’s General Court ruled in favor of Intel Corp. on Wednesday, relieving the chip maker of a $1.2 billion antitrust fine administered by the European Commission. The court…
(SEC Filing) Valkyrie Bitcoin Miners ETF will be a new product on Nasdaq following a new filing by the crypto asset manager with the Securities and Exchange Commission. Valkyrie Bitcoin…
(Bloomberg) Shares of solar giant Jinko Solar Co. rose more than 111% as it marked its first day of trading following a listing in Shanghai. Jinko shares jumped up to…
(SEMI) Semiconductor equipment manufacturers in North America recorded $3.92 billion in billings in December 2021, down by 0.5% from the final November level. The December billings were still the second-highest…
(Microsoft) Microsoft Corp. announced revenue of $51.7 billion in the second quarter of 2022, up 20% from the prior year and above estimates of $50.88 billion. Microsoft said that robust…
(IMF) The International Monetary Fund says the global economy will grow by 4.4% this year, below its October forecast of 4.9%. The IMF cites weak prospects in China and the…
(The Conference Board) The US Consumer Confidence Index hit 113.8 in January, down from 115.2 in December, a downturn after three straight months of gains. Consumers’ assessments the current labor…
(Aerojet Rocketdyne) Shares of Aerojet Rocketdyne fell up to 16% on Tuesday on news that the US Federal Trade Commission had raised antitrust claims on a merger deal with Lockheed…
(Lockheed Martin) Lockheed Martin reported net earnings of $2.049 billion or diluted earnings per share of $7.47 in the fourth quarter of 2021, an increase from $1.792 billion in the…
(Cnevpost) Chinese electric vehicle maker Nio is giving its workers NFTs in its first move indulging in cryptocurrencies. Nio will distribute both digital and physical copies of the NFTs via…
(Johnson&Johnson) Johnson&Johnson announced total sales of $24.80 billion in the fourth quarter of 2021, up 10.4% from the prior year but below estimates of $25.29 billion. In FY21, Johnson&Johnson posted…
(WSJ) Taiwan Semiconductor Manufacturing Co. is now the most valuable company in Asia, with a market cap of $600 billion, thanks to surging demand for semiconductors. Following the continued demand…