Klarna to raise new funds at slashed $6.5 billion valuation
admin Klarna Bank AB is nearing a deal to raise new money at a valuation of…
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Chip sector looks at 10% drop on week as signs point to declining demand
The semiconductor sector was facing one of its worst weeks in an already lousy year…
Read MoreGM Q2 sales drop 15%, adding to auto maker’s ‘timing’ woes
General Motors Co. said Friday its second-quarter sales fell 15% from a year ago thanks…
Read MoreWeekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation…
Read MoreThere may be another shoe to drop after Micron’s big outlook miss
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting…
Read MoreWeekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation…
Read MoreSports betting stocks: How companies like DraftKings, Caesars performed in June
Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA)…
Read MoreOpinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron…
Read MoreMicron’s weak forecast adds to Wall Street concerns that chip demand is drying up
Micron Technology Inc. added to Wall Street fears late Thursday that customers may have loaded…
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Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks
The disconnect between healthy business performance and ailing share prices in 2022 will likely continue…
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