|Day's range||0.5800 - 0.5800|
(Bloomberg) -- South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, according to a person familiar with the situation. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Bil
Micron Technology has some decent exposure to China, but, luckily for investors, the situation might not be as dire as it seems.
(Bloomberg) -- China’s decision to bar Micron Technology Inc.’s memory chips has escalated tensions with the US, fueling worries over what other technology firms Beijing may target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline Deal Into Debt BillPoli
Make no mistake, Nvidia has captured the imagination of Wall Street.
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss Nvidia stock soaring amid the company's earnings report, other chip stocks, and AI development.
It has been a tough year for Micron (NASDAQ: MU). In the second quarter of fiscal 2023, which ended on March 2, Micron generated 74% of its revenue from DRAM chips and 24% of its revenue from NAND chips. Its sales of both types of chips have tumbled by double digits year over year over the past three quarters, while its adjusted gross margins turned negative in the second quarter.
(Bloomberg) -- US lawmakers are urging Washington to strike back against China for its decision to bar Micron Technology Inc.’s memory chips, threatening to further inflame tensions between the two countries.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS AAA Credit Rating May Be Cut by Fitch on Debt-Limit ImpasseLul
China said it would instruct companies not to buy memory chips from Micron, but Micron's stock wasn't much affected.
(Bloomberg) -- President Xi Jinping called on Russia to help bolster their countries’ ties at multilateral groups, as both nations seek to counter a US-led world order they’ve become increasingly isolated within.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashe
Memory prices continue to decline even as memory companies like Micron Technology (NASDAQ: MU) decrease shipments. Want to learn more about what is impacting the memory market? Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say.
(Bloomberg) -- China’s move to ban Micron Technology Inc.’s products marked its most meaningful retaliation yet against US export controls. Now the question is whether President Xi Jinping will go after even bigger targets, risking blowback to his own economy.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Most Valuable Chipmaker Nvidia Unv
(Bloomberg) -- Just as Micron Technology Inc. investors were starting to glimpse the end of a painful demand slump, the Chinese government is making the recovery path murkier.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local Debt Mess Is About to Get WorseChina’s New Covid Wave Set to See 65 Million Cases a
Memory-chip manufacturer Micron (NASDAQ: MU) is already dealing with the worst industry downturn in more than a decade. Micron posted a whopping $2.3 billion loss, its largest ever. In a case of extremely bad timing, China's Cyberspace Administration has told operators of crucial information infrastructure in China to stop purchasing products from Micron.
(Bloomberg) -- China lashed out at Japan over Tokyo’s new export restrictions on some chipmaking technology and said it would take action to defend its interests, just days after it banned some domestic firms from using semiconductors from Micron Technology Inc.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against
President Joe Biden and Republican House speaker Kevin McCarthy held 'productive' talks on Monday but no agreement was reached.
Investing.com -- Most Asian stocks retreated on Tuesday amid no signs that U.S. lawmakers were close to raising the debt ceiling, with a rally in Japanese markets now running out of steam after reaching 33-year highs.
(Bloomberg) -- Micron Technology Inc.’s stock declined after China’s cyberspace regulator said that its products failed to pass a cybersecurity review, a move that jeopardized the company’s sales in a crucial market.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimo
China Beige Book International Managing Director Shehzad Qazi joins Yahoo Finance Live to dissect the economic tensions between the U.S. and China as the semiconductor race heats up and China's latest restrictions on chip maker Micron.
U.S. stocks treaded water on Monday as investors awaited clarity on the outcome of debt ceiling negotiations. President Joe Biden and House Speaker Kevin McCarthy, a California Republican, were meeting today as aides spent the weekend trying to sew up an agreement. The uncertainty is hanging over markets as the Federal Reserve prepares to meet again next month to decide the next move on interest rates.
Yahoo Finance's Akiko Fujita discusses China's decision to ban Micron Chips as economic tensions between the U.S. and China heat up.
Several Chinese stocks rose today after positive sentiment from Wall Street and recent comments made by President Biden.
KeyBanc Capital Markets Equity Research Analyst John Vinh and Interactive Brokers Chief Strategist Steve Sosnick join Yahoo Finance Live to discuss the performance of Nvidia stock, as the company has been rated the best performing on S&P 500 this year.
Yahoo Finance Live discusses top stock market movers such as Chevron, PacWest and Micron.
U.S. stocks were mixed as investors awaited clarity on the outcome of debt ceiling negotiations. President Joe Biden was expected to meet with House Speaker Kevin McCarthy, a California Republican, later today as aides spent the weekend trying to sew up an agreement. Economists and administration officials have said a default could create chaos in financial markets.