Micron forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in future supply of memory chips, sending its shares surging 12% in after-hours trading.
Tag: Business
Wealthy Polish, American and Gulf-based property buyers are pouring into Spain’s capital Madrid and Costa del Sol seeking luxury refuge from the wars in Ukraine and the Middle East as well as political turmoil in the United States.
Disney-owned ABC said on Monday it was launching an on-air campaign encouraging viewers to show support for the network in its two ongoing battles with the U.S. government.
Evonik Industries said on Thursday it would cut 3,200 jobs worldwide between 2027 and 2029, most of them in the chemicals group’s home market of Germany, in an extension to its cost-cutting drive that was set to end this year.
A visual take on one of the biggest stories of the week.
U.S. Federal Reserve Chairman Kevin Warsh put his stamp on the job fast this week at a debut policy meeting that produced a return to stripped-down, 1990s-style central banking, before this century’s crises put the Fed center-stage in economic management and turned its leader into a consoler-in-chief for Wall Street and Main Street alike.
Is the second half of 2026 when the U.S. consumer finally cracks and leaves the economy gasping for breath, or will rising inflation and strong investment and hiring force the Federal Reserve to hike interest rates to tame surging growth?
U.S. single-family homebuilding fell to an eight-month low in May, pressured by higher mortgage rates and building material prices, suggesting the housing market could remain a drag on economic growth in the second quarter.
The European Parliament approved on Tuesday cutting duties on many U.S. goods imports to fulfill the European Union’s side of a trade deal struck last year, and avert a new round of tariff conflict between the world’s largest trading partners.
Omega’s Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour.