SMCIC posted a drop in second-quarter revenue amid ongoing U.S. sanctions and a sluggish recovery in global chip demand.
Schlagwort-Archiv: Markets
Alibaba reports solid earnings beat, revenue rises most since Sept. 2021
Chinese e-commerce giant Alibaba’s U.S.-traded shares rose by 4.5% in premarket trading after it released results.
Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
Viasat reportedly quarterly results on Wednesday as the company continues to investigate its recent satellite malfunction.
Disney posts mixed results for quarter plagued by streaming woes, restructuring costs
Subscriber losses continued over the last three months, with the company reporting 146.1 million Disney+ subscribers, a 7.4% decline.
These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third
The Moody’s downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.
Stocks making the biggest moves premarket: Penn Gaming, Lyft, WeWork and more
WeWork’s stock fell more than 25% after the company warned of a potential bankruptcy.
China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
Lackluster domestic demand has persisted since the pandemic.
Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and more
These are the stocks posting the largest moves in extended trading.
Goldman Sachs says chief of staff John Rogers to step back from longtime role
The move comes at a key time for Goldman CEO David Solomon, who has endured criticism over a failed consumer banking effort, his DJ hobby and other missteps.
Roblox shares drop 17% after company misses estimates on top and bottom line
Roblox reported its second-quarter results Wednesday.