Comment: Micron’s gains suggest token decline could be worse than Wall Street expects

Comment: Micron’s gains suggest token decline could be worse than Wall Street expects

Management of Micron Technology Inc. warned of a semiconductor drop in late June, but now say the “sharp and sudden” drop in demand has even exceeded these expectations, suggesting the current surplus of chips could worsen significantly. Mikron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenues falling 23% compared to last year, … Read more

Russia demands an explanation from Apple for removing VK from the App Store

This content was produced in Russia, where the law restricts the reach of Russian military operations in Ukraine. MOSCOW, September 28 (Reuters) – Russian communications regulator on Wednesday demanded an explanation from Apple (AAPL.O) after apps powered by Russian state-controlled tech company VK (VKCOq.L) were removed from the American company’s App Store. Regulator Roskomnadzor has … Read more