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EXCLUSIVE Tencent seeks bigger stake in 'Assassin's Creed' maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a …

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U.S. considers crackdown on memory chip makers in China

U.S. 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 protect U.S. companies. If President Joe Biden’s …

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Wall Street rallies with earnings in full swing

Wall St ends up sharply for 2nd day; Amazon.com, Apple jump after hours

U.S. economy contracts in the second quarter Meta Platforms revenue drops for first time Ford shares gain after results Indexes: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% …

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S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

Apple, Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting from Tuesday Miner Newmont falls after raising annual cost forecast Indexes: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 see-sawed on Monday and ended close to unchanged as …

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Nasdaq rose as Tesla posted strong earnings

Nasdaq rose as Tesla posted strong earnings

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Tesla shares rise as profit tops expectations Energy stocks lead sectoral declines AT&T drags down communication services sector Indexes mixed: Dow up 0.08%, …

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Tesla profit tops target; Musk sees no demand problem

Tesla profit tops target; Musk sees no demand problem

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges …

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How China became ground zero for the auto chip shortage

How China became ground zero for the auto chip shortage

TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and …

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Chip designers warm to U.S. bill despite big benefits to Intel

Chip designers warm to U.S. bill despite big benefits to Intel

July 18 (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O). Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as …

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S&P 500, Dow close lower after bank earnings, inflation data

S&P 500, Dow close lower after bank earnings, inflation data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register JPMorgan, Morgan Stanley report profit miss PPI surges more than expected in June Conagra Brands falls on downbeat forecast Dow down 0.46%, S&P off …

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