Business

Qualcomm Inc forecast fiscal firstquarter revenue above Wall Street estimates on Wednesday as it predicted sales of 5G smart phones would balloon to more than half a billion units next year, powered in part by new Apple Inc iPhone 12 models.

The knife-edge election and the prospect of an acrimonious legal battle to determine the winner sent S&P e-mini futures tumbling 1.15% earlier, but they recovered to trade up 1.7% by 08:43 a.m. ET (1343 GMT).

Gold fell on Wednesday as the dollar strengthened after U.S. President Donald Trump grabbed an early lead in the key state of Florida, muddying the path for his Democratic rival Joe Biden.

Asian share markets turned skittish and S&P futures wobbled on Wednesday as results from the U.S. presidential election showed an agonisingly close race with no clear winner yet in sight.

SK Hynix , the world's No.2 memory chip maker, said it expected robust demand for mobile and PC chips to continue in the fourth quarter as it posted a 175% jump in operating profit in the JulySeptember period, matching expectations.

A Biden administration would likely push for even more stimulus for consumers and small businesses because of the Covid-19 pandemic -— especially if a blue wave gives Democrats control of the Senate.

Missouri's highest court on Tuesday refused to consider Johnson & Johnson's appeal of a $2.12 billion (£1.63 billion) damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products.

Gold prices edged down on Tuesday, as cautious investors awaited the outcome of the U.S. presidential election with President Donald Trump closely trailing Democrat Joe Biden in national opinion polls.

Asian shares got off to a strong start on Tuesday, with investors buoyed by strong factory output data from major economies, while the dollar and gold held ground on political uncertainty ahead of U.S. elections.

Signs that people are moving away from Tokyo, as telecommuting becomes the norm for many business amid the COVID19 pandemic, have put property investors on edge and pushed Japan's real estate investment trust (REIT) index to fivemonth lows.

Social Securitys life expectancy calculator predicts Ill live to about 86. An insurance companys version says I should expect to die at 98. A longevity calculator created by actuaries demurs, putting the odds at only 32% that Ill make it to 95.

Gold ticked higher on Monday as caution crept in ahead of Tuesday's hotly contested U.S. presidential elections, attracting some bids for the safehaven metal.

Indonesia will see a significant boost in trade and investment from the United States as a result of Washington's renewed trade preference facility with Southeast Asia's largest economy, a top Indonesian official said on Sunday.

Britain's government will extend by a month its costly coronavirus wage subsidies to ensure workers who are temporarily laid off receive 80% of their pay, Prime Minister Boris Johnson said on Saturday as he announced a new Englandwide lockdown.

It had posted a net profit of Rs 70.54 crore in the July-September quarter last fiscal, Relaxo Footwears said in a regulatory filing.

German chauffeur service Blacklane, specialised in airport transfers, is looking to tap into demand for relatively safe intercity travel to grow revenue hit by COVID19 which also derailed its plans for a 2022 stock market listing.