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Western Digital Corp posts wider Q2 loss, sees impact of structural changes

Data storage products maker Western Digital Corp posted a wider second-quarter adjusted loss on Thursday, due to the impact of structural changes the company implemented in its flash and HDD businesses. Last quarter, the company said it would spin off its flash memory business, which has been grappling with a supply glut after talks of merging the unit with Japan's Kioxia stalled, by the second half of 2024. On an adjusted basis, the company reported a loss of 69 cents per share, compared...
Krishna Chandra Eluri Tanya Jain Western Digital Digital Corp Western Digital Corp
Source: yahoo.com

5 Stocks Most Exposed To China As Its Economy Slows And President Xi Makes Latest Taiwan Threat: 'China Will Surely Be Reunified'

China's economy continues to see turmoil amid a perfect storm of issues coming together. An aging population is contributing to a decrease in productivity. At the same time, several real estate companies have gone under as rising interest rates and an overall slowdown have caused a meltdown in the Chinese real estate market. It's not just China's economic slowdown that investors must contend with. Over the weekend, Taiwan Vice President Lai Ching-te clinched the third consecutive ...
United States Las Vegas Cristiano Amon Las Vegas Sands Texas Instruments Qualcomm Inc
Source: yahoo.com

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