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| SoftBank has pulled out of the red |
11/10/2020 |
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The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen.
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| Pfizer vaccine is 90% effective |
11/10/2020 |
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Dr. Anthony Fauci, the government's top-infectious disease expert, said the results suggesting 90% effectiveness are “just extraordinary," adding: "Not very many people expected it would be as high as that.”
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| Qualcomm to lean back on 5G datacenters |
11/9/2020 |
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It appears that Qualcomm's interest in the datacenter has been renewed. At the moment it is still unclear as to what the company plans to do when it comes to datacenters but The Register believes that Arm's chips will play a big role.
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| Fed decided to keep interest at the bottom |
11/6/2020 |
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The central bank has been buying Treasury and mortgage bonds to hold down long-term borrowing rates to encourage spending. And it has kept its key short-term rate, which influences many corporate and individual loans, near zero.
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| U.S. to sell military drones to Taiwan |
11/5/2020 |
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The State Department said Tuesday it had Ok'd Taiwan’s purchase of four “weapons ready" remotely piloted aircraft and related equipment. The move is likely to infuriate China, which regards Taiwan as a renegade province and has reacted angrily to previous weapons sales' announcements to the island.
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| Amazon officially put its "Dash Smart" scale pallet for sale |
11/5/2020 |
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A year ago, Amazon Business had begun testing a new smart shelf concept — a connected smart scale aimed for keeping office supplies in stock. Testing is now complete, and the B2B e-commerce giant's new Dash Smart Shelf is now available to purchase for Amazon Business customers and consumers.
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| U.S. one moth trade deficit dipped $63.9 billion |
11/5/2020 |
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The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline of 4.7%, from a $67 billion deficit in August, the Commerce Department reported Wednesday. September exports rose 2.6% to $176.4 billion, while imports ticked up 0.5% to $240.2 billion.
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| Construction and auto sales fuel manufacturing output |
11/4/2020 |
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The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose by 3.9 percentage-points to a reading of 59.3% last month, up from 55.4% in September.
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| A federal judge postponed TikTok ban again |
11/4/2020 |
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U.S. District Judge Wendy Beetlestone on Friday blocked an upcoming Commerce Department action that would have effectively banned TikTok in the U.S. by cutting it off from vital technical services.
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| World's largest IPO postponed |
11/4/2020 |
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The Shanghai stock exchange cited regulatory changes in Ant's industry and a possible failure to meet disclosure requirements but gave no details.
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| Mercedes Benz to increase investment in Aston Martin |
11/4/2020 |
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Mercedes already owns a tiny chunk of Aston Martin -- about 2.6 percent as it stands -- but the automaker says it plans to increase that stake over the next three years, potentially to as much as 20 percent.
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| STMicroelectronics to setup MEM R&D fab lines in Singapore |
11/3/2020 |
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The 1,300 sq m cleanroom, which will focus on piezoelectric micro-electromechanical system (piezo Mems) technology, is expected to produce its first wafers in the second quarter of next year, and scale up to higher-volume production by end-2022.
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| Pandemic changes this Holiday hiring scheme |
11/3/2020 |
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As more shoppers shy away from stores and shift their purchases online during the pandemic, retailers have stepped up the pace of hiring at warehouses. At the same time, they are looking for workers who can handle new tasks like checking temperatures and booking store appointments for shoppers who still want the in-store experience but are jittery about exposure to the coronavirus.
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| Foxconn appeals the Wisconsin state's denial of job-creation tax credits. |
11/3/2020 |
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The Wisconsin Economic Development Corp. earlier this month said Foxconn did not qualify for tax breaks based on capital investments and hiring done in 2019. The state economic development agency determined that Foxconn, the world's leading electronics manufacturer, only hired 281 full-time employees who are eligible to count toward tax credits at its facility in southeastern Wisconsin and made just $300 million in capital expenditures.
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| U.S. consumers spending rises |
11/2/2020 |
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The September gain marked the fifth straight monthly increase in consumer spending, the primary driver of the U.S. economy, since the virus erupted in early spring and flattened the economy. But the recent slight increases reflect an economy weakened by the virus and by the failure of Congress to provide another stimulus package to struggling individuals and businesses.
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| UMC profit surged 36.4% |
11/2/2020 |
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UMC saw its revenue hit a record high of NT$44.87 billion in the third quarter of 2020, when operating profits climbed 22% on quarter to NT$7.13 billion. The foundry utilized 97% of production capacity during the quarter. Gross margin and operating margin arrived at 21.8% and 15.9%, respectively.
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| Wages and benefits for U.S. workers slows during pandemic |
11/2/2020 |
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U.S. workers’ total compensation rose 0.5% in the July-September quarter, the second straight quarter of slower growth in wages, the Labor Department said Friday. Growth was the same as in the April-June quarter. That’s down from 0.8% in the first three months of the year.
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