Latest Qualcomm Inc News

US stock indexes shake off an early loss and close higher

Jul. 18, 2019 4:32 PM EDT

NEW YORK (AP) — U.S. stocks reversed course from an early slump and closed higher Thursday to break a two-day losing streak after technology and bank stocks rallied. Corporate earnings are in full swing and investors have been cautiously assessing results and company statements. The volatile market is...

EU fines chipmaker Qualcomm for 'predatory pricing'

Jul. 18, 2019 11:29 AM EDT

BRUSSELS (AP) — In yet another European Union move against a U.S. tech company, the bloc's antitrust chief on Thursday fined chipmaker Qualcomm $271 million, accusing it of "predatory pricing" to drive a competitor out of the market. EU Antitrust Commissioner Margrethe Vestager said Qualcomm was abusing...

Asian stocks follow Wall Street lower on trade war fears

Jul. 17, 2019 11:46 PM EDT

BEIJING (AP) — Asian stock markets on Thursday followed Wall Street lower after President Donald Trump reignited trade fears by saying he could impose more tariffs on Chinese imports. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all declined. Oil rebounded from the previous day's losses. Trump...

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Broadcom shares fall as chipmaker warns on trade war impact

Jun. 14, 2019 1:32 PM EDT

NEW YORK (AP) — Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration's efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Judge rules Qualcomm violated antitrust law in chip market

May. 22, 2019 11:19 PM EDT

NEW YORK (AP) — A federal judge has ruled that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision vindicates the U.S. Federal Trade Commission two years after it filed...

Target soars while Qualcomm plunges

May. 22, 2019 4:26 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56 The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts. Lowe's Cos., down $13.16 to $97.94 The home improvement retailer cut its profit...

Markets Right Now: Stocks fall as energy, retail stocks drop

May. 22, 2019 4:18 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Wednesday as energy companies and retailers bear the brunt of the declines. Lowe's and Nordstrom were among the biggest decliners in the S&P 500 after the companies reported...

The Latest: Qualcomm defeat might not lower phone prices

May. 22, 2019 11:18 AM EDT

NEW YORK (AP) — The Latest on federal judge's ruling against Qualcomm (all times local): 11:15 a.m. A federal ruling against Qualcomm is likely to reduce the licensing fees paid on the sales of smartphones. But it's unclear if device makers such as Apple will pass on any of their savings and lower their...