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CXMT Becomes China's Most Valuable Company As UBS Calls Apple Sourcing Report A "Key Catalyst"
CXMT Becomes China's Most Valuable Company As UBS Calls Apple Sourcing Report A "Key Catalyst"
Shares of ChangXin Memory Technologies (CXMT), China's top DRAM maker, surged 12% to a record 61.80 yuan on Monday, lifting its market capitalization to 4.13 trillion yuan. The upside is because reports that Apple is considering using CXMT memory chips, alongside continued momentum across chip stocks following last week's gains in SanDisk and Micron.
UBS analyst Jason Milao, who covers CXMT (now China's most valuable company) with a "Buy" rating and a 70 yuan price target, wrote...
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Apr 8, 2026 / Tyler Durden
Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...
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Apr 14, 2026 / Laurence M. Vance
And Many Christians Still Think Highly of Trump?
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The post And Many Christians Still Think Highly of Trump? appeared first on LewRockwell.
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Jul 30, 2026 / Tyler Durden
Headline PCE 'Deflates' In June, First Time Since COVID
Headline PCE 'Deflates' In June, First Time Since COVID
After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today.
And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%...
The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...
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