No Picture
Trading Ideas

TSMC says third-quarter revenue hit by computer virus

A computer virus outbreak has hit third-quarter results at Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker, the company said on Sunday. On Saturday, TSMC, a major supplier for Apple Inc, said that a number of its computer systems and fab tools had been infected by a virus, but the problem had been contained. The company expects full recovery on Aug. 6, the company said in an updated statement on Sunday. …read more […]

No Picture
Trading Ideas

IPhone Chipmaker Races to Recover After Crippling Computer Virus

Taiwan Semiconductor Manufacturing Co., which makes chips for the iPhone and other devices, detailed its progress in recovering from a debilitating computer virus and warned of delayed shipments and reduced revenue because of the impact on its factories. TSMC said that 80 percent of the fabrication tools affected by a virus outbreak Friday evening had been restored and that it expects full recovery on Monday, an emailed statement shows. The Taiwanese company said the incident, which comes as it ramps up chipmaking for Apple Inc.’s next iPhones, would delay shipments, without specifying which customers would be affected. …read more […]

No Picture
Trading Ideas

Venezuela’s Maduro: Drone attack was attempt to kill him

Venezuelan President Nicolas Maduro dodged an apparent assassination attempt when drones armed with explosives detonated while he was delivering a speech to hundreds of soldiers being broadcast live on television, officials said. Caught by surprise mid-speech, Maduro and his wife, Cilia Flores, looked up at the sky and winced Saturday after hearing the sound of an explosion pierce the air. Information Minister Jorge Rodriguez said the incident took place shortly after 5:30 p.m. as Maduro was celebrating the National Guard’s 81st anniversary. …read more […]

No Picture
Trading Ideas

Fights break out between groups of demonstrators at rally

Small scuffles broke out Saturday as police in Portland, Oregon, deployed “flash bang” devices and other means to disperse hundreds of right-wing and self-described anti-fascist protesters. Four people were arrested during the protests, the Portland Police Bureau said in a statement Saturday night. …read more […]

No Picture
Trading Ideas

Trump rips LeBron James’ smarts hours before rally in Ohio

Ahead of campaigning in Ohio on Saturday, President Donald Trump unleashed a withering attack on the state’s favorite son, savaging LeBron James in a late-night tweet that derided the intelligence of one of the nation’s most prominent African-American men. Melania Trump’s spokeswoman quickly distanced the first lady from the criticism of James, saying in a statement Saturday afternoon that it appears James is “working to do good things on behalf of our next generation” and that the first lady would be open to visiting his new school. Trump blasted James after seemingly watching an interview the former Cleveland …read more […]

No Picture
Trading Ideas

China won’t accept U.S. trade “blackmail” – state media

BEIJING/SINGAPORE, Aug 4 (Reuters) – China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail. Late on Friday, China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, with the extra levies ranging from five to 25 percent on a total value of goods less than half of that proposed by U.S. President Donald Trump’s administration. …read more […]