Economy

The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S.Matthew Staver | Bloomberg | Getty ImagesShares of Asian chipmakers rallied on Thursday after Micron Technology’s bullish outlook overnight, which indicated the sector’s supply glut may finally be easing.The U.S. chipmaker reported third quarter earnings that beat estimates, thanks to higher demand for its… […]

Huawei Technologies Chief Financial Officer Meng Wanzhou reacts as she leaves her home to attend a court hearing in Vancouver, Canada, August 10, 2021.Jennifer Gauthier | ReutersSHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected.One of the expectations for 5G connectivity… […]

After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting on July 1. The Canadian Labor Code requires three days’ notice to announce a strike. The notice came on Wednesday.Over 99% of ILWU Canada union workers critical for West Coast… […]

Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023.Saul Loeb | AFP | Getty ImagesAll 23 of the U.S. banks included in the Federal Reserve’s annual stress test… […]