Author: super@dmin
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The Wall Street Journal: U.S. suppliers halt operations at top Chinese chip maker ahead of new restrictions
Tool makers are pulling out staff and pausing work as they assess the impact of Commerce Department restrictions on semiconductor exports to China.
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The Margin: Here’s how much 1880s Levi’s jeans just sold for at auction. Can you wear them?
Gavel price is most ever for vintage jeans — these Levi’s were excavated from a mine by a ‘denim archeologist’ and offer a snapshot of19th-century racism.
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The Wall Street Journal: Activist investor Macellum urges Kohl’s to replace chairman, long-serving board members
An activist investor is ratcheting up the pressure on Kohl’s, calling on the department-store chain to make changes to its board or face another proxy fight.
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The Wall Street Journal: TikTok parent ByteDance aims to challenge Spotify, Apple with music-streaming growth
China-based ByteDance wants a music streaming service to eventually be integrated within TikTok and serve as a major global platform.
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The Ratings Game: AMC stock sinks to pre-‘meme stock’ levels as B. Riley slashes price target by 32%
Shares of AMC Entertainment Holdings Inc. extended their selloff toward a 17-month low on Wednesday, after B. Riley analyst Eric Wold slashed his price target on the believe that the post-pandemic box office recovery will be more drawn out that previously forecast.
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: New union rallies at Uber HQ with ‘a core goal of winning union rights for gig workers’
Ride-hailing drivers, delivery workers and their supporters on Wednesday converged in front of Uber Technologies Inc.’s San Francisco headquarters to announce that they have formed a union.
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Key Words: Jon Stewart, Gary Gensler spar over SEC oversight: ‘It’s not a level playing field,’ Gensler says
Stewart interviewed Gensler on his podcast ‘The Problem with Jon Stewart.’
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: Applied Materials could lose more than $1 billion in sales from China ban over six months
Applied Materials Inc. disclosed Wednesday that a widened ban on sales of certain tech to China will likely cost the chip-equipment manufacturer up to $1.1 billion in sales over six months.
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Market Extra: Here are the companies and sectors that are most vulnerable to the strong dollar this earnings season
Since roughly 40% of S&P 500 companies’ sales are generated abroad, equity strategists expect the strong U.S. dollar will weigh heavily on corporate earnings as the third-quarter corporate reporting season begins in earnest this week.
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Personal Finance Daily: Your portfolio needs diversification. Here’s the best way to go about it in these volatile times and mortgage applications fall as rates rise to the highest level in 16 years
Wednesday’s top personal finance stories.