Apple Wants to Make the iPhone a Payment Terminal With a New Service
(Bloomberg) Apple is set to rival Square after reports emerged that it has been working on a new service that lets merchants accept payment on their iPhones without the need…
EU Court Agrees to Intel’s Appeal of $1.2 Billion Antitrust Fine by Regulator
(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…
Jinko Solar More Than Doubles in Shanghai Public Market Debut
(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…
North American Semiconductor Billings Ease 0.5% in December 2021
(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 Issues a Consensus-Beating Cloud Sales Forecast as Q2 22 Rev. Jump 20%
(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…
Aerojet Plunges 16% as FTC Raises Concerns Over Merger Plans With Lockheed
(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 Earnings in Q4 2021 Tops $2 Billion, Issues Guidance
(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…
J&J Sales in Q4 21 Miss Estimates, Upgrade Covid-19 Vaccine Sales to $3.5B in FY22
(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…
TSMC Rides on Chip Demand to Become the Most Valuable Company in Asia
(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…
JPMorgan Is Optimistic of Stock Rebound, Says the Current Dip Is in the Final Stages
(Markets Insider) JPMorgan strategist Marko Kolanovic expects stocks to rise soon, warning that the recent decline is entering the “final stages” of the market correction. Kolanovic says that fears over…
Meta Seeks to Realize Metaverse Dreams With a New “World Fastest” Supercomputer
(Meta) Meta has come up with an “AI Research SuperCluster,” which the company says will be key in its pursuit of the metaverse. Meta claims that the RSC will be…
Kohl’s Soars on Premium $9B Takeover Bid Reports by Sycamore
(Reuters) Shares of Kohl’s Corp jumped 29% in premarket on Monday on reports that private equity firm Sycamore had submitted a $9 billion takeover offer. Sycamore is said to have…
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