Naukariadda

Kolkata: The FIFA World Cup has failed to deliver the sales boost India's television makers have traditionally counted on during major sporting events. TV sales remained largely stagnant in June year-on-year, against the 15-25% jump the industry expects during such tournaments, according to manufacturers, retailers and market researchers.Companies attributed the weak demand to a combination of factors: television prices have risen 15-20% over the past six months following a surge in memory chip costs, many matches are being telecast at inconvenient hours for Indian viewers, and an increasing number of consumers are choosing to stream games on smartphones instead of buying bigger-screen TVs. Prices of memory chips used in televisions as well as smartphones, tablets and laptops have escalated two-three times since November last year.Even in football strongholds such as Kerala, Goa, West Bengal and the Northeast, the initial uptick in demand proved short-lived for the quadrennial inte...

US oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has been pressing his longtime ally Big Oil to bring down gasoline prices before midterm elections in November. After months of Americans complaining about pain at the pump, Exxon Mobil and Chevron are expected to report second-quarter earnings in the coming weeks that are more than triple first-quarter levels. Oil prices spiked after the U.S.-Israeli war on Iran began in late February and global fuel supplies tightened.Also read | June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war level"The industry is definitely talking to each other and thinking of ways to deal with it, but we know what's coming. We understand the politics," said one industry executive, speaking anonymously. Since shipping through the Strait of Hormuz resumed last month, Trump has said he wants the national average to fall to about $2.50 a gallon ...

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The ​Nasdaq ended lower on Thursday as technology shares fell, while a softer-than-expected U.S. jobs report eased worries that the Federal Reserve could feel impelled to hike interest rates soon.The Dow ended higher, logging its fourth consecutive weekly gain, ‌the longest such ⁠streak ⁠since October 2024. The U.S. market will be closed on Friday in observance of the U.S. Independence Day holiday.An index ​of semiconductors was down sharply for a second day and technology was among the biggest sector decliners in ​the S&P 500.Investors are probably taking profits in chip stocks following this year's strong gains, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "You can really point the finger ​at the consolidation in the chips," he said.Tesla shares fell ⁠sharply as ‌well even though the electric carmaker posted second-quarter deliveries above estimates. Tesla shares ​had risen sharply ​this week ahead of the report.The U.S...

Semiconductor stocks opened the third quarter on a weak note on Thursday, with several of the biggest winners from the AI rally witnessing sharp profit booking after a record-breaking run in the April-June period. The VanEck Semiconductor ETF (SMH), which tracks major chip stocks, fell more than 5%, a day after ending its strongest quarter on record. The index had surged 71% between April and June as investors aggressively bought companies expected to benefit from the artificial intelligence boom.Memory chip maker Micron led the losses, tumbling 11%, while Intel fell 9% and Advanced Micro Devices (AMD) declined 7%.The three companies together had added nearly $2 trillion in market value during the second quarter as investors broadened their AI bets beyond Nvidia, expecting rising demand for memory chips and central processors to support future growth.Selling pressure also spread to semiconductor equipment makers. Lam Research, KLA Corp. and Applied Materials, all of which more than dou...