Employees at COVID-stricken iPhone factory in China beaten, detained after protests

Employees at COVID-stricken iPhone factory in China beaten, detained after protests

BEIJING — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. foxconn 2354, +0.20%, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone … Read more

Opinion: This record number in Nvidia earnings is a scary sight

Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more

Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

Warren Buffett's chip-stock purchase is a classic example of why you want to be 'greedy only when others are fearful'

This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out. In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire … Read more

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more

AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. AMD amd, +2.59% reported second-quarter net income of $447 million, or 27 cents a share, compared with … Read more

The dollar will weaken and these stocks could outperform, says Evercore

The dollar will weaken and these stocks could outperform, says Evercore

Hopes that the Federal Reserve may be less aggressive in hiking borrowing costs than previously feared have rippled swiftly across markets in the past week. Stocks have rallied as bond yields have dropped. And it has brought the dollar’s rampage to a juddering halt. The dollar index DXY, which hit a 20-year high above 108.5 … Read more

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

FAANGs ain't what they used to be, so beware the bear-market bounce says this hedge fund manager

It’s been some rally. The S&P 500 SPX is starting the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from the recent low hit md-June, having delivered its best July performance since 1939, according to … Read more

Amazon stock jumps 12% as sales beat and AWS growth overcomes a second straight quarterly loss

Amazon stock jumps 12% as sales beat and AWS growth overcomes a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. AmazonAMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

Was Fed's Powell dovish or not?  4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

Was Fed's Powell dovish or not?  4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more