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Qualcomm posts shrinking sales and profits as rising costs hit smartphone market
Net income fell 25% as higher memory chip prices hurt device business
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Microsoft’s cloud business boosts sales as capex climbs to $41bn
Revenue in tech group’s intelligent cloud segment surges 32% to $39.3bn
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Meta tumbles 6% as sales forecast and profits disappoint
Mark Zuckerberg under pressure over huge AI spending
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US borrowing costs hit 19-year high as Fed defies inflation fears
Central bank stands pat on rates even as investors worry Trump’s Iran war will ignite jolt of price growth
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Nvidia’s chips may be novel, but its ‘circular financing’ isn’t
Chipmaker is basically writing cheques to enable its customers to buy more of its products than they could otherwise afford
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Fed’s favourite inflation gauge to be lowered by stats agency change
Adjustments by Bureau of Economic Analysis to ease pressure on central bank to raise rates
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Fed to weigh mounting inflation worries in hotly debated meeting
Investors see one-in-three chance central bank increases rates to combat jolt of inflation triggered by war in Iran
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Trump vows to deliver ‘beating’ to Iran in retaliation for latest attack
Washington said Tehran launched ballistic missiles at US military installations in the Middle East
Recent Posts
- Qualcomm posts shrinking sales and profits as rising costs hit smartphone market
- Microsoft’s cloud business boosts sales as capex climbs to $41bn
- Meta tumbles 6% as sales forecast and profits disappoint
- US borrowing costs hit 19-year high as Fed defies inflation fears
- Nvidia’s chips may be novel, but its ‘circular financing’ isn’t
