Micron Technology Inc

Wealthy customers will help Apple resist the effects of inflation

Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the …

Wealthy customers will help Apple resist the effects of inflation Read More »

The chip boom likely over, as Micron says it's in a 'downturn'

The chip boom likely over, as Micron says it’s in a ‘downturn’

The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $1.5 billion to $2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products hurt the sale …

The chip boom likely over, as Micron says it’s in a ‘downturn’ Read More »

Cramer’s week ahead: Next week will be a bellwether for the upcoming earnings season

Cramer’s week ahead: Next week will be a bellwether for the upcoming earnings season

CNBC’s Jim Cramer on Friday said that next week will be a crucial moment for determining what the upcoming earnings season will look like. “It’s been ages since we’ve been on pre-announcement watch, where companies have to admit that things aren’t going well. Things like higher labor costs, supply chain woes and the Russia-Ukraine war. …

Cramer’s week ahead: Next week will be a bellwether for the upcoming earnings season Read More »