Aug 01, 2022
U.S. considers crackdown on memory chip makers in China

By Alexandra Alper and Karen Freifeld WASHINGTON (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,…

Aug 01, 2022
Wall Street ends down after biggest month since 2020

By Aniruddha Ghosh and Noel Randewich (Reuters) - Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil and other energy companies weighing against gains in Boeing as investors digested the U.S. stock market's biggest…

Jul 28, 2022
Russia fines WhatsApp, Snap and others for storing user data abroad

MOSCOW (Reuters) -A Russian court on Thursday fined Meta Platforms Inc's WhatsApp messenger, Snapchat owner Snap Inc and other foreign firms for their alleged refusal to store the data of Russian users domestically. Moscow has clashed with Big Tech over…

Jul 27, 2022
Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.…

Jul 25, 2022
Explainer-What’s causing the recent U.S. heat waves?

By Daniel Trotta (Reuters) - Much of the United States will experience another heat wave this week, with above-normal temperatures forecast for the Pacific Northwest, Southern Plains and the Lower Mississippi Valley. The extreme heat is fueling a fast-moving California…

Jul 25, 2022
Analysis: Food delivery companies revamp for cost-of-living crunch

By Toby Sterling and Hilary Russ AMSTERDAM/NEW YORK (Reuters) - When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub…

Jul 19, 2022
Wall Street closes sharply higher on strong corporate earnings

By Echo Wang (Reuters) - U.S. stocks closed with sharp gains on Tuesday as more companies joined big banks in reporting earnings that beat forecasts, offering respite to investors worried about higher inflation and a tightening Fed denting the corporate…