Market News

Alibaba Recovers After Report on ‘Ma’ Briefly Erased $26 Billion

0

TheStreet.com

Intel’s Forecast on the Chip Shortage Has Changed (You Won’t Like It)

From our laptops and video game consoles to medical devices and even our cars, chips power much of what we use regularly, from the ways we work and travel to the ways we enjoy leisure time. The global chip shortage picked up steam in the first year of the pandemic and snowballed when China’s Semiconductor Manufacturing International Corporation (SMIC) was hit with restrictions from the U.S. Department of Commerce during conflict between China and the U.S. Since then, people have either joined long waiting lists in hopes of eventually buying the items they want, or turned to the secondhand market to buy new cars and electronics, many of them marked up far above their market value.

Australia hikes its interest rate for the first time in more than a decade

Previous article

BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Market News