Tuesday, July 2, 2019

Samsung Electronics#39; second-quarter profit likely halved as Huawei woes worsen chip glut

Samsung Electronics#39; second-quarter profit likely halved as Huawei woes worsen chip glut The quarterly result would be the South Korean firm#39;s lowest in nearly three years, with the prospect of an earnings recovery still some quarters away as a period of oversupply continues unabated amid a broader slowdown in tech markets.

from Moneycontrol Business News https://ift.tt/2Jp7UQ3

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...