On Semiconductor forecasts robust Q3 revenue on silicon carbide strength

By Zaheer Kachwala and Stephen Nellis (Reuters) -Chipmaker ON Semiconductor Corp on Monday forecast third-quarter revenue above market estimates on optimism that strong demand from the automotive sector will offset broader weakness in the semiconductor industry. Shares of the Arizona-based company were up more than 3.4% to $108.68 by midday after gaining 68.5% so far…

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Ron DeSantis, in campaign speech, lashes out at China, corporate power

By Gram Slattery ROCHESTER, New Hampshire (Reuters) – U.S. Republican presidential candidate Ron DeSantis took an aggressive swipe at China, railed against what he described as corporate bailouts, and said he would rein in the Federal Reserve in an economic policy speech on Monday. The speech contained relatively few new concrete policy proposals, but underlined…

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US SEC says Hex crypto founder defrauded investors, spent money on ‘Enigma’ diamond

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has charged online entrepreneur Richard Heart with illegally raising more than $1 billion in three unregistered cryptocurrency offerings, and defrauding investors out of $12.1 million to buy luxuries including the world’s largest black diamond. In a complaint filed on Monday in Brooklyn federal…

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