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

Micron Stock Is Sliding. The Outlook Disappointed.

Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the memory-chip maker said financial results for the fiscal fourth quarter ending in August will come in well short of previous Street estimates. While analysts had expected … Read more

Why UPS Stock Could Be a Winner. Margins Are Improving.

UPS CEO Carol Tome. Photo by JIM WATSON / AFP via Getty Images Text size Until recently, United Parcel Service operated a little like the New York Yankees. But the company has changed in ways that are positive for the stock. Investors, along with baseball fans, may know that the Bronx Bombers have maintained an … Read more

Russia is poised to default on its debt – so what does that mean?

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. … Read more

Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … 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