Micron sales, profit miss estimates as chip glut hurts pricesU.S. chipmaker Micron Technology Inc gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weak…Read More
FedEx sees global trade slowdown, says U.S. economy still 'solid'FedEx Corp on Tuesday slashed its 2019 forecast after Europe's economy weakened and the U.S. trade row exacerbated a slowdown in China, sending shares in the package delivery company tumbling more than 6 percent after the clo…Read More
Oil drops over 5 percent on economic slowdown fears, supply glutOil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak.
…Read More
0 comments:
Post a Comment