(Reuters) - BofA Merrill Lynch lowered its 2010 growth forecast for global semiconductor industry and downgraded ten chipmakers, including Intel Corp <INTC.O>, turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories.
Wednesday, 18 Nov 2009 | Posted By:
Steve Liesman | Source: CNBC.com
The sliding dollar has been a big reason why US stocks have rallied this year. But companies with strong foreign sales—which benefit most from the weak dollar—have had the biggest gains by far.
There’s a transition occurring in the tech sector. The traditional sector bellwethers—computer hardware, desktop software, consumer electronics—are no longer the areas of growth. Instead, it’s all about the enterprise.
Stocks declined Wednesday as weak demand for today's Treasury auction and a sharp drop in oil prices dragged on the market. A disappointing durable-goods report didn't help either.
Stocks declined Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
Futures tumbled Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
Mad Money needed new inductees for its Wall of Shame, so we asked viewers to send suggestions. Read on to get their opinions on the CEOs at Verizon, Capital One, Chesapeake Energy, Boeing, Regions Financials and more. After you've seen all 15 "worst of the worst," vote for your least favorite.
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