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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...

Federal Reserve Chairman Kevin Warsh on Wednesday said he will firmly go by the U.S. central bank's 2% inflation target and will "disappoint" anyone who expects monetary policy easing despite President Donald Trump's repeated demands for rate cuts. "If people thought this central bank was going to be comfortable with an inflation objective above 2%, they would be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, adding, "We have been an independent central ⁠bank for ⁠a long time. We are going to be an independent central bank at this moment and you will see no changes on that." He further restated that he would give little hints on monetary policy projections. Warsh also promised to bring in real-time economic data that will help the US central bank make better policies, replacing what he termed problematic government reports."My aspiration is that nine to 12 months from now we're going to be using new technologi...

New Delhi: The Supreme Court asked the state-run oil marketing companies to keep ethanol supply allocations for Ethanol Supply Year (ESY) 2025-26 unchanged. This was in response to the Karnataka High Court's recent order directing enhancement of ethanol allocation for the ESY.Attorney general R Venkataramani said the E20 blending programme is an "ongoing experiment" and that its full impact will become clearer by next year. He told the apex court on Tuesday that the high court order would destabilise the national policy of 20% ethanol blending with petrol.Changes may Fuel LitigationSuch petitions are pending before several high courts, he said, while seeking liberty to file a transfer petition seeking consolidation of all the suits.Also read | E25 petrol blend's test drive begins; study report expected by end of next yearThe status quo order by a bench of justices MM Sundresh and Sheel Nagu was issued on an appeal by Bharat Petroleum (BPCL) challenging the Karnataka H...

-Australia moved a step closer to a record-extending seventh Women's T20 World Cup title after beating West Indies by eight wickets in the first semi-final at The Oval on Tuesday. Chasing 126 for victory, Australia made a flying start as Beth Mooney and Georgia Voll put on 29 runs from just 18 balls ‌before Voll ⁠fell in ⁠the second over. Phoebe Litchfield departed soon after, leaving Australia briefly under pressure at 43-2. However, Mooney anchored the chase with an unbeaten 61, combining with Ashleigh Gardner in an unbroken partnership, taking them over the line with ease. Gardner contributed an unbeaten 35 after also claiming two wickets with the ball and was named player of the match. "I feel like ⁠I haven't ‌really had an impact with the ball throughout the tournament. So I guess to save my best till now is ⁠always pleasing," Gardner said at the post-match presentation ceremony. "I felt like I've just probably been pretty inconsistent, where today I was...