The company on Wednesday forecast a bigger loss than analysts had expected and a return to positive gross margin in the second half of fiscal 2024, later than Wall Street expectations for the first half. Micron has been under-utilizing its production capacity to match supply with a slump in demand for memory chips that started last year, but analysts have said excess inventory appears to have cleared in most of its end-markets such as smartphones and personal computers. Low memory prices since early last year have also been hurting Micron's profit margin.
The MSNBC host slammed the Florida governor's "irrelevant" response on abortion.
India on Thursday mourned the death of scientist Monkombu Sambasivan Swaminathan, the architect of the 1960s "green revolution" that brought an end to the chronic food shortages then plaguing the country.At the time, India's economy was hobbled by chronic food shortages that left it dependent on foreign aid, but by the early 1970s the new techniques had made it self-sufficient.
Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said. Nio's founder and chief executive William Li discussed the potential collaboration with Mercedes CEO Ola Kaellenius earlier this year, seeking an investment from the latter in exchange for loss-making Nio sharing its research and development capabilities with Mercedes, said the sources. The talks did not reach a stage where details on the technology to be transferred and the potential financial investment were discussed, they said.
The European Central Bank is looking at how artificial intelligence could help improve its understanding of inflation after underestimating price pressures for years and delaying the start of the most aggressive policy tightening in its history. Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics, news articles and bank supervisory documents to produce better analysis for policy decisions. "AI offers new ways for us to collect, clean, analyse and interpret this wealth of available data, so that the insights can feed into the work of areas like statistics, risk management, banking supervision and monetary policy analysis," a blog post published by the ECB on Thursday, said.
A Thai court on Thursday dropped murder charges against four national park officials over the disappearance of an environmental activist almost a decade ago, but jailed one on a lesser offence.The court said there was not enough evidence to continue with the murder charges.
Shares of the company fell nearly 5% in trading before the bell after the company's fourth-quarter revenue also missed estimates. The U.S. Federal Reserve's forecast earlier this month that it would leave interest rates elevated for longer than widely expected, has added to concerns that enterprise spending will take longer-than-expected to return to healthy levels. Indian IT services giant Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand.
Vietnam jailed a leading climate activist for three years for tax evasion Thursday, a sentence her family condemned as "unfair", as the communist state ramps up a crackdown on environmentalists.But she abruptly shut down the group last year after four environmental and human rights activists were jailed for tax evasion.
Survivors of a fire that tore through an Iraqi wedding and those mourning the at least 100 lives lost filled the pews of a Christian mass Thursday, two days after the disaster.He likened the fire disaster to "the tragedy of the boat in Mosul" and said the wedding had been a moment of "joy which turned into sadness and anger".
The stock has been on a roller-coaster ride since 2021 when retail investors drove up its price in an attempt to prove that bets by hedge funds on GameStop's demise were wrong. Cohen is GameStop's largest investor and has been on the board for more than two years. Gamestop said he will relinquish that title and will not receive any compensation for his new roles.
For four years, the coup-attempting former president funneled money from foreign and domestic interests directly into his own wallet through his D.C. hotel.
Barry McCaffrey brought Nazi Germany to mind with a damning analysis of the current GOP and the former president's MAGA followers.
US President Joe Biden will give a key speech in Arizona Thursday on protecting democratic institutions, in a fresh attack on Donald Trump as the rivals ramp up their 2024 election battle.The White House said Democrat Biden's speech will also "honor the legacy" of late Arizona senator John McCain, the moderate Republican stalwart who shared his antipathy for Trump.
The former South Carolina governor was fed up with her debate rival — and social media users felt the same way.
Oil extended gains Thursday to a fresh one-year high and towards the $100-a-barrel mark on concerns about growing demand and waning supplies, while bets on another US interest rate hike kept the dollar elevated and equities mixed."Right now, what's going on in the US -- Cushing is dry," she told Bloomberg TV. Tim Waterer, chief market analyst at KCM Trade, added: "While a longer period of high global interest rates could be problematic for oil demand in the future, supply side traits could favou
The former senator said the House speaker is "a really bad negotiator" as government shutdown looms.
It's the "elephant not in the room," said the newspaper's conservative editorial board.
North Korea has enshrined its status as a nuclear power in its constitution, with leader Kim Jong Un calling for more modern atomic weapons to counter the threat from the United States, state media reported Thursday.Kim said North Korea needed nuclear weapons to counter an existential threat from the United States and its allies.
Israel's top court debated appeals Thursday against a law restricting how a prime minister can be removed from office, as current premier Benjamin Netanyahu faces protests against the judicial overhaul.Netanyahu in May 2020 became the first sitting prime minister of Israel to stand trial over a series of graft allegations he denies.
Sony's gaming unit chief Jim Ryan will retire next March, the Japanese firm said Thursday, after putting the PlayStation 5 on track to become its "most successful console yet".PlayStation 5 "is on track to become SIE's most successful console yet," he said in a statement.
US Republicans launch impeachment inquiry hearings into Joe Biden on Thursday, escalating an eight-month corruption investigation that has failed to uncover evidence of wrongdoing by the president."And so why are we going to spend the next few months on bogus and sham impeachment inquiry?
Beleaguered property giant China Evergrande suspended trading of its shares in Hong Kong on Thursday, according to notices posted by the bourse, as the debt-ridden company grapples with severe financial difficulties.Another Chinese property giant, Country Garden, narrowly avoided default in recent months, after reporting a record loss and debts of more than $150 billion.
Michael Steele's one-word response said it all.
In a politically crucial US state where workers make cars they can scarcely afford, Donald Trump and Joe Biden face a tough battle for blue-collar votes.- 'Tough call' - So who will win the workers' votes next year?
This proposal got the California governor's blood boiling.