Intel and Qualcomm, semiconductors weaken following cancellation of export approvals to China
Federal Reserve officials keep talking
Photo=Getty Images As major technology stocks, led by semiconductor stocks, showed weakness and a rise in government bond yields, the US stock market, which had risen for four consecutive days, started lower on the 8th (local time).
The Dow fell 0.1%, the S&P 500 index fell 0.4%, and the Nasdaq composite index fell 0.6%.
The yield on 10-year government bonds rose 3bp (1bp=0.01%) from the previous day to 4.49%, and the yield on 2-year government bonds rose 1bp to 4.84%.
Intel (INTC) and Qualcomm (QCOM) fell 2.6% and 2.1%, respectively, in the opening bell following reports that the US Commerce Department had revoked export licenses for semiconductors that were due to be shipping to Huawei China for laptops and smartphones. Intel maintained its revenue guidance range of $12.5 billion to $13.5 billion for this year, but said it expected results to be below the midpoint.
In addition to Intel and Qualcomm, semiconductor stocks such as NVIDIA (NVDA), AMD (AMD), and Broadcom (AVGO) showed a general decline.
Shares of Tesla (TSLA) fell 4% after Reuters reported that US prosecutors are investigating Tesla for fraud as part of an investigation into its Autopilot system.
People With Disabilities Or Working People Of Retirement…
According to Minister of Social Security and Labor Monika Navickienė, if the Seimas approves the proposals, it will open up opportunities to improve the quality of life of people – both those with disabilities and those of retirement age – who are able and willing to work successfully.
“The essence of these proposals is not to force a person to choose between work and welfare pension. We encourage people with disabilities to work and earn, regardless of whether they were diagnosed with a disability before the age of 24 or later, while receiving a welfare pension at the same time. We also open up opportunities for working pensioners, who would no longer lose their right to welfare pension while working,” says M. Navickienė.
According to the currently valid regulations, only those persons who have been recognized as disabled before their 24th birthday can work and receive a welfare pension at the same time. At that time, people diagnosed with 45-55% participation rate already at the age of 24, in general, they are not entitled to receive a benefit pension. If the changes are approved, all disabled and working people, as well as working people who have reached retirement age,
Swiss Army Knife Maker Adapts To Rising Violence…
Regulations on Public Blade Possession
Swiss Army Knives are displayed in a shop in Montreux, Switzerland. Rising violence in parts of the world has prompted governments to crack down on what types of blades people can brandish in public.
Fabrice Coffrini/AFP via Getty Images
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Fabrice Coffrini/AFP via Getty Images
Swiss Army Knives are displayed in a shop in Montreux, Switzerland. Rising violence in parts of the world has prompted governments to crack down on what types of blades people can brandish in public.
Fabrice Coffrini/AFP via Getty Images
The manufacturer of the Swiss Army Knife has announced its intention to introduce pocket tools that do not include blades.
According to Victorinox CEO Carl Elsener, the increasing violence in certain regions has led several governments to impose restrictions on the types of blades individuals can carry in public, potentially making it challenging for consumers to possess the company’s iconic red multitools.
“In countries like England or certain parts of Asia, carrying a knife is often permitted only if it is necessary for work or outdoor activities,” Elsener stated in an interview translated from German.
The Russian Federation Faces A Shortage Of Buckwheat;…
Despite the fact that Russia is considered one of the main consuming countries of this cereal, its homeland is China. It would seem that this is where the best buckwheat should be grown, but it turns out that the situation is completely different.
Our country still occupies the leading position in buckwheat cultivation, followed only by the Celestial Empire. However, in years of poor harvest, cereals begin to be imported from Asia. Suffice it to recall 2010, when prices for domestic cereals skyrocketed due to drought. Many experts predict that history will repeat itself, since due to bad weather Russia will again face a shortage of buckwheat.
According to the forecasts of experts surveyed by Forbes, the cost of production has increased significantly, in contrast to the prices for buckwheat themselves. Because of this, according to forecasts, farmers may reduce the area under cultivation by a third, which will lead to an increase in prices for cereals next year.
In addition, weather forecasters also predict an abnormally hot and dry summer, and experts from the Russian Agricultural Center warn of a locust invasion in the new season in several regions of the Russian Federation,
BANKNOTES The Ariary Continues To Be Printed Elsewhere
The Central Bank is not yet planning to produce its notes. According to explanations provided yesterday by the governor of this financial institution, the manufacturing of banknotes is a long and tedious process. It also requires a certain level of technicality and engineering which the Big Island does not yet have. “We have neither the printing works nor the technicians who are capable of supplying, for example, the papers which are used in the making of bank notes. There are several industries that specialize in the manufacture of a single component of banknotes such as filaments or even paper,” Aivo Andrianarivelo, governor of the Central Bank, explained yesterday.
The manufacture of banknotes is also constantly evolving. Hence the need to invest in research and development to strengthen the security of these notes and avoid counterfeits, which are increasingly inventive.
Some African countries have ventured into manufacturing their own currencies, without success. The coin industries had to close five or ten years later. And out of fifty-four countries on the continent, forty-three countries, including the Big Island, are totally dependent on European and American printing companies.
Printing money is also expensive. Because, yes, money can also be bought.
Top Eleven 2024 From Nordeus Enters The Global…
Lissabon, Portugal (ots/PRNewswire) – Nordeus today announced the integration of its flagship title Top Eleven – Be a Football Manager into the Aptoide platform, bringing the acclaimed football management mobile game to new audiences around the world.
The latest platform launch for award-winning Top Eleven will leverage Aptoide’s universal distribution capabilities to reach football fans everywhere. This includes the platform’s growing presence in the United States through GamesHub, the highly successful partnership with Digital Turbine to distribute games on the devices of all major wireless carriers in the United States. As the game approaches its 14th year and has more than 300 million registered users to date, the release on Aptoide marks another exciting chapter for Serbia-based Nordeus.
“We are very excited to bring Top Eleven 2024 to Aptoide’s global user base,” says Natasa Vladisavljevic, Product Marketing Manager at Nordeus. “We believe that Aptoide’s platform provides a great distribution channel for our game allows us to reach even more football fans across different platforms. We look forward to seeing how much enjoyment Top Eleven 2024 brings to players with Aptoide.”
Paulo Trezentos, co-founder and CEO of Aptoide, expressed his excitement about the partnership: “The integration of Top Eleven into Aptoide’s platform is an important milestone in our commitment to continually improve our offering for developers and players.
Staff Broom At Bank Pekao. The Resignation Of…
#Staff #broom #Bank #Pekao #resignation #president
Late on Wednesday evening, Bank Pekao announced changes in the management board and the launch of an open qualification procedure for the position of the new president and members of the bank’s management board.
See also: Bank Pekao with a staff revolution. It started with an exchange of council
“The Management Board of Bank Polska Kasa Dobrze Spółka Akcyjna informs that on May 8, 2024, the bank’s supervisory board adopted resolutions to dismiss from the management board at the end of the day:
- Leszek Skiba
- Jarosław Fuchs
- Jerzy Kwieciński
- Wojciech Werochowski
- Paweł Straczyński
- Piotr Zborowski
“Resolutions on the above-mentioned appeals entered into force upon adoption“- we read in the announcement.
Read also in BUSINESS INSIDER
The supervisory board thanked the current management board members for “their contribution to the development of the bank”.
Leszek Skiba leaves Pekao
Leszek Skiba became the president of Pekao in April 2020.
Todays Stock Markets, April 2nd. The EU Gets…
Piazza Affari closes down by 1.22%
Piazza Affari closed the session down after the Easter break. The Ftse Mib lost 1.22% to 34,325 points. On the macro front, the data on German inflation was released during the day, slowing down in March to +2.2% on an annual basis, at its lowest level since May 2021. Meanwhile, on the eve of the ISM index in the US of the manufacturing industry after a year and a half, thanks to the strong recovery in production and the increase in new orders. Furthermore, with the markets closed on Friday, the PCE index for February recorded moderate growth, with +0.3% on the month. Operators continue to wonder about rate cuts by central banks, now considered likely in June. Oil stocks were saved on the list thanks to the rises in crude oil prices to the highest levels in recent months: Eni +2.61% and Saipem at +1.86%. The banks were negative, with Unicredit -0.07%, Intesa -0.46%, Mps -1.60%. In finance, Generali closed with -0.17%. Luxury fell, Stellantis weak, losing 3.28%, Tim -1.60% after the news of the complaint that would have been filed by Starlink against the group, accused of hindering the spread of fast internet in the country.
Currency Prices Skyrocket In Cuba For Third Day…
Dollars and euros register a strong price increase for the third consecutive day in Cuba
The exchange rate for the dollar and euro in Cuba has seen a significant increase for the third day in a row, with the price of the euro reaching a shocking 400 pesos in the informal market.
According to data from the Cuban Directory, the price of the dollar has also been on the rise, with 13 reasons cited to explain this phenomenon. The publication of a rate is said to influence the price of the dollar in the informal market, as reported by elTOQUE.
The Cuban exchange market has been experiencing fluctuations in currency prices, with both the dollar and euro seeing notable increases. This trend has raised concerns among Cubans about the stability of the economy and the impact on their daily lives.
As the prices of dollars and euros continue to climb, many are left wondering what the future holds for the Cuban economy and how this will affect the average citizen. Stay tuned for more updates on this developing story.