Wednesday, July 31, 2019

Samsung profit slumps more than half as chip market weakens

Samsung profit slumps more than half as chip market weakens The flagship subsidiary of the sprawling Samsung Group has enjoyed record profits in recent years despite a series of setbacks but is now struggling with chip prices falling as global supply increases.

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

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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 ...