SK Hynix led a broad rally in Asian technology shares on Wednesday, tracking a rebound in U.S. semiconductor names after a sharp sell-off earlier this week.
Shares of the South Korean memory chipmaker jumped over 11% in Seoul, building on previous session’s gains. Its rebound comes after the stock suffered its biggest-ever one-day decline on Monday, as investors locked in profits amid growing worries over AI spending.
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United Airlines has a new way to entice customers to pay more on board: no middle seat neighbor.
The carrier said Tuesday that one of the rows on its Airbus A321XLRs will have an empty middle seat with a tray table for the aisle- and window-seat customers to share.
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The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. The CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%.
Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly decline in headline inflation was the biggest since April 2020.
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New York State Governor Kathy Hochul on Tuesday signed an executive order barring the construction of new large-scale data centers using 50 megawatts or more of power for up to one year, making the Empire State the first state in the nation to impose such a ban. cnb.cx/3RB9N3l