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Samsung warns fourth-quarter profit to miss forecasts
Samsung warns fourth-quarter profit to miss forecasts

South Korea's Samsung Electronics said Wednesday it expected fourth-quarter profits to fall sharply from the previous quarter and miss forecasts as it struggled to meet robust demand for chips used in artificial intelligence servers.

Asian markets mixed after Wall St hit by US inflation fears
Asian markets mixed after Wall St hit by US inflation fears

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street that was sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts. "Recent Fed signals suggest a cautious approach to rate cuts amid a resilient job market and sticky inflation," said Stephen Innes.

Big Tech rolls out the red carpet for Trump
Big Tech rolls out the red carpet for Trump

Tech leaders continue to fall in line around Donald Trump, with Facebook's announcement that it would end its US fact-checking program the latest victory for the president-elect and his billionaire advisor Elon Musk.