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Category: SRN News

Analysis-ASML’s ‘sold out’ outlook forces investors to look beyond demand

By Toby Sterling and Nathan Vifflin AMSTERDAM, Oct 15 (Reuters) – In April, computer chip equipment maker ASML’s CEO Christophe Fouquet told shareholders that Europe’s most valuable company would avoid becoming the chip industry’s bottleneck “by all possible means”. Six months later, Fouquet acknowledged ASML’s…

US Postal Service outlines plans to handle millions of ballots

WASHINGTON, Oct 15 (Reuters) – The head of the US Postal Service said Thursday the agency is “absolutely ready” to handle millions of ballots for the Nov. 3 mid-term elections that will determine control of the U.S. Congress and other key races. “Everybody is engaged…

US business inventories rise moderately in August

WASHINGTON, Oct 15 (Reuters) – US business inventories increased moderately in August amid strong sales growth, government data showed on Thursday. Inventories rose 0.4% after surging 0.9% in July, the Commerce Department’s Census Bureau said. The increase in inventories, a key component of gross domestic…

Russian investigators question Novaya Gazeta editor over colleague’s case

Oct 15 (Reuters) – The editor-in-chief of Russian independent newspaper Novaya Gazeta was questioned by investigators in Moscow on Thursday in connection with a criminal case against a colleague, the outlet said. The TASS state news agency, citing law enforcement sources, said Sergei Sokolov was…

Analysts react to Coreweave debt woes, AI selloff

Oct 15 (Reuters) – A selloff in US technology stocks and their bonds intensified on Thursday as high borrowing costs put the financing behind AI’s massive infrastructure buildout under growing scrutiny. CoreWeave’s bonds have sunk to distressed levels, US chipmakers have shed nearly $2 trillion…

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