US stocks rally on Huawei reprieve as pound gyrates on Brexit news
Wednesday, 22 May 2019 NEW YORK - Global stocks rallied Tuesday as the United States took a step away from imposing crushing restrictions on Chinese telecom company Huawei, while the pound gyrated on fresh Brexit drama.
U.S. stocks fell on Monday, as a crackdown on China’s Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. U.S. suppliers of Huawei, including Qualcomm, Micron Technology and Broadcom Inc, fell about 5%, while...
Broadcom sent a shockwave to global chip stocks Friday after warning the U.S.-China trade war and ban on doing business with Huawei would rob it of $2 billion in sales this year. Fred Katayama reports.
According to a report by Reuters, on Sunday, Boris Johnson, the leading candidate to replace Theresa May as Britain's Prime Minister, said that he would withhold a 39 billion-pound Brexit payment until..
According to Markets Insider, semi-conductor stocks fell following reports that suppliers of Huawei cut ties with the Chinese telecom firm. Panasonic reportedly halted shipments of some components to..
World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war. As Francis Maguire reports, the..