Town Hall News

By Akash Sriram and Jane Lanhee Lee (Reuters) -Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Street expectations and the company’s shares rose after the close of regular trading. With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. It Micron said it would keep investments at […]

ANKARA (Reuters) – Croatia midfielder Mateo Kovacic’s double secured a 2-0 win away to Turkey in their Euro 2024 qualifier on Tuesday as they leapfrogged the hosts and moved up to second spot in Group D. Wales, who beat Latvia 1-0, lead the group on four points on goal difference from Croatia with Turkey third with three. Kovacic left Turkey goalkeeper Mert Gunok motionless when he scored from close range […]

WASHINGTON (Reuters) -U.S. President Joe Biden said on Tuesday he has done what is possible to address the banking crisis with available authorities but that it is “not over yet.” Asked if the administration would not take any more executive action to address the matter, Biden said “Oh no, It’s not over yet. We’re watching very closely.” The failures of Silicon Valley Bank (SVB) and, days later, Signature Bank, set […]

By Andrea Shalal DURHAM, North Carolina (Reuters) -President Joe Biden on Tuesday condemned a “sick” epidemic of gun violence against children, one day after a school shooting left three students and three adult staff members dead in Nashville, where he plans a visit. “I never thought when I started my public life that guns would be the number one killer of children in America,” Biden told an audience in North […]

WASHINGTON (Reuters) -U.S. President Joe Biden said on Tuesday he has done what is possible to address the banking crisis with available authorities but that it is “not over yet.” Asked if the administration would not take any more executive action to address the matter, Biden said “Oh no, It’s not over yet. We’re watching very closely.” The failures of Silicon Valley Bank (SVB) and, days later, Signature Bank, set […]

(Reuters) – Micron Technology Inc on Tuesday forecast third-quarter revenue in line with Wall Street expectations, banking on steady demand for memory chip products from the fast-growing artificial intelligence industry. The company expects third-quarter revenue of $3.70 billion plus or minus $200 million, matching analysts’ average estimate, according to Refinitiv data. (Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila) Brought to you by www.srnnews.com

BELFAST (Reuters) – Northern Ireland’s influential Orange Order said it had voted unanimously to oppose any return of devolved government in the British province unless substantial improvements are made to a reworked post-Brexit deal with the European Union. The move by the 30,000-member pro-British group – which holds large, at times divisive marches each year to celebrate centuries-old military victories – could raise pressure on the Democratic Unionist Party to […]

(Reuters) -Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain. Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions. AMC did not immediately respond to a Reuters request […]

By Caroline Valetkevitch (Reuters) – U.S. stocks ended lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run. Michael Barr, the Federal Reserve’s top banking regulator, told a Senate panel that Silicon Valley Bank did a “terrible” job of managing risk before its collapse. Shares of Apple and Microsoft along with other technology-related shares […]