Optical stocks have a China problem that most investors are missing
Beijing controls a chokepoint that Washington’s own crackdown can’t address.
Beijing controls a chokepoint that Washington’s own crackdown can’t address.
Wednesday, December 11, 2024 As Debt Limit Deadline Looms, What is Needed to Avoid A Default and Its Potential Widespread Consequences? To prevent the federal government from defaulting on its debt when it neared the debt limit in 2023, Congress voted to suspend the debt ceiling through this coming January 1. With that deadline looming,…
Photo by Phil Fiddyment via Flickr under CC BY 2.0 When Andy Burnham walked into Downing Street on July 20 as the UK’s seventh prime minister in a decade, he promised to act as a “circuit-breaker for Britain”. Burnham is the first UK premier to come straight from running a major city region. Used well,…
ASML‘s stock fell Tuesday after a report that China is mass-producing a critical tool that the Dutch tech giant has long held a monopoly over. The decline came amid a steep sell-off in global semiconductor stocks as investors continued to grapple with uncertainty about the sector. ASML was last trading down 1.8%, but the stock…
Spectrum is an essential resource that supports wireless communications, economic growth, and national security. But the several agencies that use and oversee spectrum often rely on isolated systems and have few incentives to move beyond these costly programs to pursue efficiency. Other countries are moving toward commercial-first models that enable their militaries to use advanced…
Crude prices rebounded on Wednesday after Yemen’s Iran-backed Houthi miitants claimed they had struck a Saudi Arabian tanker in the Red Sea. Brent crude, the international price benchmark, was last seen trading at $80.32 a barrel, an increase of more than 1.2%, while U.S. West Texas Intermediate futures for September delivery rose 0.67% to $76.28….
Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…