Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’

The semiconductor boom of the past two years appears to be ending. Memory chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $ 1.5 billion to $ 2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products … Read more

BlackRock exec’s warning: ‘Game over’ for fund manager pay rises

Fund management professionals have been warned that soaring pay and bonuses prompted by an escalating war for talent could soon come to an abrupt end. “The war for talent is real, but some of the pricing that people have been banding around for talent is about to change in a meaningful way,” said Edwin Conway, … Read more

Hector Sants: City workers aren’t immune from money troubles

Sir Hector Sants was chief executive of the Financial Services Authority and head of compliance at Barclays. He is currently chair of the Money and Pensions Service. Over the past decade, the financial services community has made huge strides in bringing conversations about mental wellbeing to the forefront. But there is still a way to … Read more

The investor who spotted Madoff’s fraud early has a whole new worry

Edward Thorp is an investing and mathematical legend – from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to coming up with blackjack game theory. Of all the tales he was regaling in an hour-and-half interview, the 89-year-old was asked by Tim Ferriss, an early-stage investor and prolific author, what … Read more

Larry Summers was the first to sound the alarm on inflation. More economists are applying his methods

Graham Allison is the Douglas Dillon professor of government at Harvard University Is the US economy headed for a hard landing? US Federal Reserve chair Jerome Powell says no. At the Federal Open Market Committee’s 4 May press conference, he insisted that the Fed will manage a “softish” landing. To the contrary, former Treasury Secretary … Read more

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

To Rivian Automotive Inc.’s factory in Normal, Ill., Life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric trucks started, executives recently marked a milestone in uninterrupted work days: The company’s plant ran at full speed for an entire 10-hour work … Read more