05 March

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Global semiconductor shortage spurs run on vintage chipmaking tools By Reuters

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By Stephen Nellis and Hyunjoo Jin (Reuters) - Minnesota-based Polar Semiconductor makes chips for automakers and is booked beyond capacity. But expanding production lines to help solve a chip shortage that is shutting down car factories around the world is not feasible - in part due to the scarcity of older-style chipmaking machinery. Chip factories like Polar use these tools to make...

05 March

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White House says closely tracking Microsoft’s emergency patch By Reuters

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WASHINGTON (Reuters) - The White House is closely tracking an emergency patch Microsoft Corp (NASDAQ:MSFT) has released, U.S. national security adviser Jake Sullivan said on Thursday, after an unknown hacking group recently broke into organizations using a flaw in the company's mail server software. "We are closely tracking Microsoft’s emergency patch for previously unknown vulnerabilities in Exchange Server software and...

05 March

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U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill By Bloomberg

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(Bloomberg) -- The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden, setting off a lengthy and partisan debate expected to end this weekend with approval of the nation’s sixth stimulus since the pandemic-triggered lock downs that began a year ago. The 51-50 vote Thursday, with Vice President Kamala Harris providing the tie-breaker, reflected the...

05 March

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Rising bond yields, dollar slug Asian shares, yen By Reuters

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NEW YORK (Reuters) - Asian stocks skidded on Friday as rising U.S. Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough. Energy markets were not spared the volatility either, with oil prices surging more than 5% overnight to their highest in over a year, after OPEC...

05 March

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BOJ’s Kuroda stresses need to keep bond yields ‘stably low’ By Reuters

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By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank must ensure long-term interest rates are kept stably low as the coronavirus pandemic keeps the economic outlook highly uncertain. Markets are rife with speculation the BOJ will widen an implicit band at which it allows 10-year government bond yields to move around its 0%...

05 March

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Broadcom Earnings, Revenue Beat in Q1 By Investing.com

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By Yasin Ebrahim Broadcom (NASDAQ:AVGO) reported on Thursday first-quarter results that beat analysts' forecasts and revenue that topped expectations. Broadcom shares gained 0.57% in after-hours trade following the report. The company expects second-quarter revenue of about $6.5 billion. Q2 adjusted EBITDA is forecast to be approximately 59% of projected revenue. Broadcom announced earnings per share of $6.61 on revenue of $6.66 billion. Analysts...

05 March

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Costco Earnings, Revenue beat in Q2 By Investing.com

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Costco (NASDAQ:COST) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Costco announced earnings per share of $2.55 on revenue of $44.77B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $43.72B. Costco shares are down 15% from the beginning of the year and are trading at $316.00 , down-from-52-week-high.They are...

05 March

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Huawei CFO’s argument in U.S. extradition case one for politicians, Canada prosecutor says By Reuters

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By Sarah Berman and Moira Warburton VANCOUVER (Reuters) - Canadian prosecutors told a court on Thursday that it was not a judge's role to decide whether national security and geopolitical concerns can be used to strike down a U.S. request to extradite Huawei executive Meng Wanzhou. Meng, 49, was arrested in December 2018 on a U.S. warrant accused of misleading HSBC about...

05 March

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English health officials say 16 cases of new COVID variant discovered By Reuters

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LONDON (Reuters) - British health officials said on Thursday they had identified 16 cases of a new variant of the COVID-19 virus in England which might share similarities to other strains first identified in Brazil and South Africa. Public Health England (PHE) said cases of the variant, known as B.1.1.318, were first identified on Feb. 15 and it was understood to have...

05 March

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“Bounce back better together” – PM Johnson urges Britons to lose weight By Reuters

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LONDON (Reuters) - "We'll bounce back better together," Prime Minister Boris Johnson told overweight Britons on Thursday, championing his own weight loss and health eating diet to try to persuade others to get in shape to reduce coronavirus risks. After being hospitalised with COVID last year, Johnson has often spoken about how he believes his weight was behind how severely ill he...

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News

Global semiconductor shortage spurs run on vintage chipmaking tools By Reuters

White House says closely tracking Microsoft’s emergency patch By Reuters

U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill By Bloomberg

Rising bond yields, dollar slug Asian shares, yen By Reuters

BOJ’s Kuroda stresses need to keep bond yields ‘stably low’ By Reuters

Broadcom Earnings, Revenue Beat in Q1 By Investing.com

Costco Earnings, Revenue beat in Q2 By Investing.com

Huawei CFO’s argument in U.S. extradition case one for politicians, Canada prosecutor says By Reuters

English health officials say 16 cases of new COVID variant discovered By Reuters

“Bounce back better together” – PM Johnson urges Britons to lose weight By Reuters

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