“We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets,” said CEO Sanjay Mehrotra. Micron Technology (MU) – Get Micron Technology Inc. Report shares slumped lower Friday Read more…
Stock futures edge lower following worst quarter in 50 years; Micron shares slide on grim chip sector sales forecast; Tesla shares bump as investors brace for Q2 deliveries; Kohl’s shares tumble on report of cancelled Read more…
Eurozone CPI accelerated from 8.1% yoy to 8.6% yoy in June, above expectation of 8.3% yoy. However, CPI core slowed from 3.8% yoy to 3.7% yoy, below expectation of 3.9% yoy. Looking at the main Read more…
UK PMI Manufacturing was finalized at 52.8 in June, down from May’s 54.6, a two-year low. S&P Global said output growth slowed to near-stagnation pace as new orders intakes fell for the first time since Read more…
Eurozone PMI Manufacturing was finalized at 52.1 in June, down from April’s 54.6. That’s also the lowest level in 22 months. Readings of the member states were also weak, with the Netherlands at 19-month low Read more…
USDCAD started July’s trading on a positive note on Friday after halting its latest bearish correction around June’s support zone of 1.2863, and marginally above its 20- and 50-day simple moving averages (SMAs). The RSI Read more…
EUR/USD In the early hours of today’s trading session, the euro gained strength against the dollar and bounced back from the resistance level at 1.0490. The expectations for today’s trading session are for the bears Read more…
Illustration by Alex Castro / The Verge Google has offered to pay out $90 million to small app developers to settle a class-action lawsuit alleging that the company’s Play store policies violated federal antitrust laws. Read more…
WTI oil remains in red on Friday, pressured by growing fears of recession that continues to sour the sentiment, while comments from OPEC that the cartel is not going to increase more its production and Read more…
The Canadian dollar struggles over a slowdown in April’s GDP growth. Sentiment remains in the US dollar’s favour after a tentative break above May’s high at 1.3070. A bullish MA cross on the daily chart Read more…