Category: Uncategorized

Asia-Pacific stocks edge higher; China trade data for March ahead
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Asia-Pacific stocks edge higher; China trade data for March ahead

Overnight stateside, the S&P 500 ended its trading day little changed at 4,127.99 while the Dow Jones Industrial Average shed 55.2 points to close at 33,745.40. The Nasdaq Composite slipped 0.36% on the day to 13,850. The muted moves on Wall Street came as investors waited for the release of inflation numbers due out on...

Intel CEO hopes U.S. can reclaim one-third of chip manufacturing
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Intel CEO hopes U.S. can reclaim one-third of chip manufacturing

Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. Patrick T. Fallon | Bloomberg | Getty Images Intel CEO Pat Gelsinger said Monday that he hopes that American companies will manufacture a third of semiconductor microchips in the U.S., up...

WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week
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WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week

Bochnia Hospital paramedics wear protective equipment as they transport a patient suffering of COVID-19 to a local hospital on March 17, 2021 in Bochnia, Poland. Omar Marques | Anadolu Agency | Getty Images The World Health Organization said Monday the trajectory of the coronavirus pandemic is now “growing exponentially,” with more than 4.4 million new...

Stock futures are little changed ahead of key inflation report
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Stock futures are little changed ahead of key inflation report

U.S. stock futures were mostly flat on Monday evening ahead of a highly anticipated inflation report set for release before Tuesday’s opening bell on Wall Street. Futures tied to the Dow Jones Industrial Average added 13 points, or less than 0.1%. Those for the S&P 500 rose by a similarly modest amount, while those for...

NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more
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NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first...

Microsoft hunts for big acquisitions as antitrust spotlight on rivals
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Microsoft hunts for big acquisitions as antitrust spotlight on rivals

CEO of Microsoft Satya Nadella gives a lecture about dream, struggle and creation at Tsinghua University on September 25, 2014 in Beijing, China. Nadella visited China for the first time on Thursday. Visual China Group | Getty Images Twenty years ago, the United States government filed suit against Microsoft for abusing its market power. Today,...

Kraken CEO Jesse Powell warns of cryptocurrency crackdown
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Kraken CEO Jesse Powell warns of cryptocurrency crackdown

Yuriko Nakao | Getty Images Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde — have sounded the alarm about...

Huawei blames global chip shortage on U.S. sanctions
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Huawei blames global chip shortage on U.S. sanctions

The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. Dado Ruvic | Reuters Huawei said Monday that it believes U.S. sanctions on the company are partly to blame for the ongoing global chip shortage. Eric Xu, Huawei’s rotating...