Micron launches new storage drives to challenge Intel in data centers

Micron launches new storage drives to challenge Intel in data centers

(The October 24 story corrects to reflect that Micron's new devices are solid-state drives rather than hard drives with spinning disks.)

Beyond Meat expenses surge as manufacturing ramps up; shares fall

Beyond Meat Inc's expenses more than doubled in the third quarter as the vegan burger maker ramped up manufacturing to meet booming demand for plant-based proteins.

U.S. regulator to bar China's Huawei and ZTE from government subsidy program

The U.S. telecommunications regulator plans to vote in November to designate China's Huawei Technologies and ZTE Corp as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services.

Alphabet third-quarter profit misses estimates

Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.

Richard Branson's Virgin Galactic soars before crashing to earth in NYSE debut

Richard Branson-backed Virgin Galactic Holdings Inc fetched a valuation of around $2.3 billion on its market debut on Monday, after shares in the first publicly traded space tourism company popped before fizzling out.

VW ramps up China electric car factories, taking aim at Tesla

Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.

T-Mobile beats quarterly phone subscriber estimates

T-Mobile US Inc on Monday beat analysts' third-quarter estimates for net new phone subscribers who pay a monthly bill, boosted by competitive wireless plans aimed at fending off its bigger rivals.

Microsoft says Russia-linked hackers target sports organizations

Microsoft Corp said it has tracked "significant" cyberattacks coming from a group it calls "Strontium" or "Fancy Bear", targeting anti-doping authorities and global sporting organizations.

Lebanon's central bank urges quick solution to avoid future collapse

Lebanon's central bank governor said on Monday a solution must be found in days to a crisis unleashed by huge protests against the ruling elite, saying this would restore confidence and avoid any future economic collapse.

Trade optimism, Fed rate-cut expectation sends S&P 500 to record

The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reserve rate cut later this week.

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