ReportWire

Tag: synd

  • Apple Makes Plans to Move Production Out of China

    Apple Makes Plans to Move Production Out of China

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    In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group. 

    Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research. 

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  • ChargePoint Results Fall Short. Guidance Is Saving the Stock.

    ChargePoint Results Fall Short. Guidance Is Saving the Stock.

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    Shares of EV charging company


    ChargePoint


    have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that third-quarter earnings could turn sentiment around, but some concerns linger.



    ChargePoint


    (ticker: CHPT), on Thursday afternoon, reported a per-share loss of 25 cents from $125 million in sales. Wall Street was looking for a loss of 20 cents per share on sales of $132.3 million.

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  • Fed’s Powell Says Rate Hikes Might Slow in December

    Fed’s Powell Says Rate Hikes Might Slow in December

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    Federal Reserve Chairman Jerome Powell laid the groundwork on Wednesday for the central bank to slow its pace of monetary policy tightening as soon as December, all but solidifying the prospects that the Fed will raise interest rates half of a percentage point next month.

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  • Disney CEO Robert Iger at Town Hall Vows to Focus on Creativity

    Disney CEO Robert Iger at Town Hall Vows to Focus on Creativity

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    Disney CEO Robert Iger at Town Hall Vows to Focus on Creativity

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  • Barclays CEO C.S. Venkatakrishnan Diagnosed With Non-Hodgkin Lymphoma

    Barclays CEO C.S. Venkatakrishnan Diagnosed With Non-Hodgkin Lymphoma

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    By Joe Hoppe

    Barclays PLC said Monday that Chief Executive Officer C.S. Venkatakrishnan has been diagnosed with non-Hodgkin lymphoma, with treatment expected to last 12 to 16 weeks.

    The FTSE 100-listed bank said the cancer has been detected early and the prognosis is good. Mr. Venkatakrishnan will continue to actively manage the company during the treatment period.

    Write to Joe Hoppe at joseph.hoppe@wsj.com

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  • It’s a Bad Time to Buy a Car. How to Score a Decent Deal Now if You Can’t Wait.

    It’s a Bad Time to Buy a Car. How to Score a Decent Deal Now if You Can’t Wait.

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    Car buyers just can’t catch a break these days. Vehicle prices climbed sharply during the pandemic, and now the cost of financing a new set of wheels is going up.

    Even if prices ease, interest rates on car loans likely will climb higher, at least for a while, making this an inopportune time to replace a vehicle, financing experts say. 

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  • Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

    Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

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    Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

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  • Biden Grants Reprieve on Student Loans. Get Ready to Resume Payments Anyway.

    Biden Grants Reprieve on Student Loans. Get Ready to Resume Payments Anyway.

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    Student-loan borrowers got a break this week, but that doesn’t mean they can spend more for the holidays.

    The Biden administration on Wednesday extended a pause on student loan payments, yet borrowers should prepare for the eventual resumption of payments by saving the amount they would otherwise owe, experts advise.

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  • U.S. Stocks Wobble Ahead of Fed Minutes

    U.S. Stocks Wobble Ahead of Fed Minutes

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    U.S. Stocks Wobble Ahead of Fed Minutes

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  • UK Regulator Opens Cloud Gaming, Browsers Probe After Reports of Apple, Alphabet Duopoly

    UK Regulator Opens Cloud Gaming, Browsers Probe After Reports of Apple, Alphabet Duopoly

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    By Kyle Morris

    The U.K.’s Competition and Markets Authority has launched an investigation into cloud gaming and mobile browsers after an earlier report that Apple Inc. and Alphabet Inc. have an effective duopoly on mobile ecosystems.

    The regulator said the duopoly allows them to exercise a stranglehold over operating systems, app stores and web browsers on mobile devices.

    Write to Kyle Morris at kyle.morris@dowjones.com

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  • They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire

    They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire

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    NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask how something that seemed so promising could have imploded so fast.

    The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the relentless fall this year in the value of cryptocurrencies. Instead, it had long been a chaotic mess. From its earliest days, the firm was an unruly agglomeration of corporate entities, customer assets and Mr. Bankman-Fried himself, according to court papers, company balance sheets shown to bankers and interviews with employees and investors. No one could say exactly what belonged to whom. Prosecutors are now investigating its collapse.

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  • Activision Still Trades at a Big Discount to Microsoft’s Deal. Investors Are Making a Mistake.

    Activision Still Trades at a Big Discount to Microsoft’s Deal. Investors Are Making a Mistake.

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    Back in July, Barron’s made the case for buying


    Activision Blizzard


    stock in anticipation of


    Microsoft


    closing its $69 billion acquisition of the company. With


    Activision


    shares trading at a significant discount to the deal price, the stock looked closest to a sure thing in an increasingly uncertain market.

    Four months later, the risks of the deal falling apart over antitrust concerns haven’t changed. What has changed is the outlook for Activision’s business. The firm behind Call of Duty and Candy Crush is suddenly doing quite well on its own.

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  • Twitter Workers Say Farewell After Musk Ultimatum Over Terms of Employment Passes

    Twitter Workers Say Farewell After Musk Ultimatum Over Terms of Employment Passes

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    Company follows up with practical details after billionaire challenges remaining employees to be ‘hardcore’ or leave: ‘This is not a phishing attempt’

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  • Oil Could Rise After Latest EU Sanctions on Russia. Why a Rally May Not Last.

    Oil Could Rise After Latest EU Sanctions on Russia. Why a Rally May Not Last.

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    The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will see a lasting rally, or that supplies will tighten further in the days ahead.

    “In isolation, the sanctions on Russia should be bullish for prices,” says Matt Smith, lead oil analyst, Americas, at Kpler. However, they may have a limited effect, as Russian barrels get “rerouted and not taken off the market,” while a price cap still has so much uncertainty surrounding it that its impact may be “muted due to workarounds or may simply be ineffective.”

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  • Home Depot Earnings Top Estimates. Customers Are ‘Resilient,’ CFO Says.

    Home Depot Earnings Top Estimates. Customers Are ‘Resilient,’ CFO Says.

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    Home Depot


    third-quarter earnings results beat expectations, giving the stock a boost on Tuesday.

    The home-improvement retailer reported third-quarter earnings of $4.24 a share, topping analysts’ projections of $4.12 a share. Revenue came in at $38.9 billion, up 5.6% from a year earlier and topping estimates for $38 billion. Same-store sales rose 4.3%, ahead of estimates for 3.1%. U.S. same-store sales rose 4.5%.

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  • Home Depot Sales Up 5.6% in Third Quarter

    Home Depot Sales Up 5.6% in Third Quarter

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    Home-improvement retailer logs sales increase even as it again records fewer transactions

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  • Why the Bear Market Isn’t Over

    Why the Bear Market Isn’t Over

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    Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the


    S&P 500


    even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months.

    The S&P ended the week 5.9% higher, closing just below 4,000. The


    Dow Jones Industrial Average


    rose 4.1%, and the


    Nasdaq Composite


    jumped 8.1%. It was the best weekly showing for the Nasdaq since March, and it came during a week when tech news seemed largely negative. Facebook parent


    Meta Platforms


    (ticker: META) announced that it will cut 11,000 jobs, the latest in a wave of Silicon Valley layoffs. The best thing Facebook can say for itself now is that it isn’t Twitter.

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  • WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

    WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

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    Layoffs are to begin on Wednesday morning, the CEO told hundreds of executives on Tuesday

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  • Oil at $200 a Barrel? Some Traders Are Betting on It.

    Oil at $200 a Barrel? Some Traders Are Betting on It.

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    Oil hasn’t yet climbed back to $100 per barrel, but options traders are increasingly setting their sights on another target—$200. The most actively traded


    Brent crude


    options contract on Thursday was an option to buy Brent at $200 in March 2023.

    About half of the contracts to buy oil at that price appeared to be placed by one buyer who spent about $810,000 on the options, according to Robert Yawger, the director of energy futures at Mizuho Securities USA. But that buyer isn’t the only person making a bet that oil prices will hit $200, along with other bullish bets on where oil goes in 2023. “There have been people dipping their toes into those higher [options strike prices] over the last couple of days,” Yawger said.

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