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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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Growth stocks lead bounce on Wall Street after brutal selloff

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 26, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Major indexes set to snap five-day losing streak Rate-sensitive tech, growth stocks shine Sharp rebound in oil prices boosts energy firms Indexes up: Dow …

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Goldman Sachs cuts 2022 target for S&P 500 by 16%

People wearing masks, following the coronavirus disease (COVID-19) outbreak, are seen near an electronic board showing Dow Jones and S&P 500 stock indexes, at the Lujiazui financial district in Shanghai, China November 9, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – Goldman Sachs has cut its …

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Uber investigating ‘cybersecurity incident’ after report of breach

An Uber office is shown in Redondo Beach, California, US, March 16, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Uber Technologies Inc (UBER.N) said on Thursday it was investigating a cybersecurity incident, after a report that its network was breached and the company had to shut …

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Wall Street tumbles as inflation data stokes bets of large rate hikes

Register now for FREE unlimited access to Reuters.com Register US consumer prices rose more than expected in August Traders price in a small chance of 100 bps rate hike Indexes down: Dow 1.87%, S&P 2.30%, Nasdaq 3.07% Sept 13 (Reuters) – US stock indexes fell sharply on Tuesday, snapping a four-day winning streak, after data …

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EY plans to spin off audit, consulting units to ease regulatory concerns

A man speaks at the Ernst & Young (EY) booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo Register now for FREE unlimited access to Reuters.com Register Sept 8 (Reuters) – Ernst & Young (EY) said on Thursday it was planning to split its audit …

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T-Mobile sells wireline business to Cogent for $1, expects hefty charge

A T-Mobile logo is advertised on a building sign in Los Angeles, California, US, May 11, 2017. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – T-Mobile US Inc (TMUS.O) is doubling down on 5G services after it struck a deal on Wednesday to sell its wireline business to …

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US begins antitrust review of Amazon’s takeover of vacuum maker iRobot – Politico

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – The US Federal Trade Commission has begun a review of Amazon.com’s ( AMZN.O ) $1.7 billion takeover of robot vacuum …

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Wall Street slumps for the 4th straight session on Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, August 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Snap jumps as it restructures ad business, lays off staff Bed Bath & Beyond sinks on corporate overhaul Dow down 0.57%, S&P 500 down …

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