Intel’s Mobileye files for listing in first sign of thawing tech IPO market

Sept 30 (Reuters) – Intel Corp’s (INTC.O) self-driving unit Mobileye on Friday unveiled its filing for a US initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed. The tech IPO market globally is in the middle of its worst drought in almost two … Read more

S&P 500 ends near two-year low as bear market deepens

S&P 500 closes at lowest since November 2020 Utility, consumer discretionary sectors weigh heavily Investors worry about shrinking corporate profit growth Indexes: Dow -0.43%, S&P 500 -0.21%, Nasdaq +0.25% Sept 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 recording its lowest close in almost two-years as … Read more

New China ETFs test investor appetite amid Sino-US tech war, market rout

A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Register SHANGHAI, Sept 23 (Reuters) – Five Chinese tech-focused ETFs … Read more

Exclusive: Biden to hit China with broader curbs on US chip and tool exports

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo Register now for FREE unlimited access to Register WASHINGTON, Sept 11 (Reuters) – The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial … Read more

Morning Bit: Bond quake | Reuters

A screen displays market information on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 3, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Register A look at the day ahead in US and global markets from Mike Dolan With everyone watching Wyoming, … Read more

Saudi PIF buys shares in Alphabet, Zoom and Microsoft in US shopping spree

DUBAI, Aug 16 (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet ( GOOGL.O ), Zoom Video ( ZM.O ) and Microsoft ( MSFT.O ) as part of a wider pick of US stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s advances … Read more

Meta and others tumble after hours as results point to weak economy

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Register July 27 (Reuters) – Shares of several major US companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential recession. Meta Platforms … Read more

Reading the market tea-leaves for global recession risks

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS / Carlo Allegri // File Photo Register now for FREE unlimited access to Register LONDON, June 24 (Reuters) – The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring … Read more

US mulls lifting some China tariffs to fight inflation

Chinese and US flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS / Tingshu Wang / File Photo Register now for FREE unlimited access to Register WASHINGTON, June 5 (Reuters) – US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team … Read more