Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Speaker Nancy Pelosi expected in Taipei later today Caterpillar falls after missing sales estimates Uber gains after reporting positive cash flow Indexes down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Wall Street’s major indexes fell on Tuesday on concerns over rising US-China tensions ahead of the arrival of US House of Representatives … Read more

US considers crackdown on memory chip makers in China

US considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protects US companies. If President Joe Biden’s … Read more

Wall Street ends down after biggest month since 2020

Wall Street ends down after biggest month since 2020

US manufacturing sector slows modestly PerkinElmer rises on $2.45 billion divestment Indexes end: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (XOM.N) and other energy companies weighing against gains in Boeing (BA.N) as investors digested the US … Read more

China’s economic wobbles worsen as factory, property woes mount

China's economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Factory activity slows in July vs June – Caixin survey … Read more

Chinese rocket falls to Earth, NASA says Beijing did not share information

Chinese rocket falls to Earth, NASA says Beijing did not share information

A Long March-5B Y3 rocket, carrying the Wentian lab module for China’s space station under construction, takes off from Wenchang Spacecraft Launch Site in Hainan province, China July 24, 2022. China Daily via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 30 (Reuters) – A Chinese rocket fell back to … Read more

US Senate passes bill to boost chip manufacturing, compete with China

US Senate passes bill to boost chip manufacturing, compete with China

WASHINGTON, July 27 (Reuters) – The US Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games. The House of Representatives plans to vote on Thursday on … Read more

Russia to NASA: Sticking with space station until at least 2028

Russia to NASA: Sticking with space station until at least 2028

The International Space Station (ISS) photographed by Expedition 56 crew members from a Soyuz spacecraft after undocking, October 4, 2018. NASA/Roscosmos/Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – Russian space officials have told their US counterparts that Moscow expects to remain a part of the … Read more

Russia signals space station pullout; NASA says it’s not official yet

Russia signals space station pullout;  NASA says it's not official yet

WASHINGTON, July 26 (Reuters) – Russia’s new space chief announced on Tuesday his country plans to withdraw from the International Space Station after 2024, but senior NASA officials said Moscow has not formally conveyed an intent to end its two-decade-old orbital partnership with the United States. While heightened tensions between Moscow and Washington over Russia’s … Read more

Wall Street falls as Walmart warning rattles retail sector

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes … Read more

China launches second space station module, Wentian

China launches second space station module, Wentian

BEIJING, July 24 (Reuters) – China on Sunday launched the second of three modules to its permanent space station, in one of the final missions needed to complete the orbiting outpost by year’s end. A live feed on state broadcaster CCTV showed the 23-tonne Wentian (“Quest for the Heavens”) laboratory module launching on the back … Read more