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AMD and Nvidia will suffer as specialized digital currency mining chips hit the market this year, according to a Wall Street firm. Susquehanna reduced its rating to negative from neutral and lowered its price target for AMD shares, citing impending competition from cryptocurrency mining company Bitmain. “During our travels through Asia last week, we confirmed
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Tit-for-tat trade penalties between the world’s two largest economies could push the Federal Reserve to hike interest rates at a faster-than-expected clip, according to the chairman of one of Europe’s largest banks. “Tariffs may be inflationary for the U.S., which may lead the U.S. to raise interest rates even faster,” Societe Generale Chairman Lorenzo Bini
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In November, China said it will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from 49 percent, adding that all ownership limits in many financial sectors will be dismantled after three years. But raising the ownership limits does not mean that there
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One Wall Street firm is getting worried about Micron shares after the stock’s surge so far this year. Micron reported better than expected fiscal second-quarter earnings Thursday and gave financial guidance for the next quarter above expectations. But Citi Research is concerned lower flash memory pricing will hurt the chipmaker’s financial results later this year.
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