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Wall Street drops as the Fed exchange rate rises

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 0.94%, Standard & Poor’s 0.74%, Nasdaq down 0.38%. Oct 6 (Reuters) – Wall Street’s main indexes fell further on Thursday as concerns mounted … Read more

Exclusive: Biden hits China with broader restrictions on exports of US chips and gadgets

Semiconductor chips are seen on a computer circuit board in this illustrative photo taken on February 25, 2022. REUTERS/Florence Law/Illustration/file photo Register now to get free unlimited access to Reuters.com Register Next month, several people familiar with the matter said, the Biden administration plans to expand restrictions on US shipments to China of semiconductors used … Read more

Snap to cut 20% of staff, cancel projects in cost-cutting efforts

The Snapchat app logo is seen on a smartphone in this illustration taken on September 15, 2017. REUTERS / Dado Ruvic / Illustration / File Photo Register now to get free unlimited access to Reuters.com Register August 31 (Reuters) – Snap Inc (SNAP.N) On Wednesday, it said it would lay off 20% of all employees … Read more