Market Watch (October 1)
“A tiny mining town in western North Carolina was among those battered by Hurricane Helene — and the damage could have serious implications for the massive tech-industry supply chain that relies on it.” Two mines in Spruce Pine account for about 80–90% of the “high-purity quartz used in semiconductor manufacturing.” Most foundries carry a several month inventory, but if repairs take longer it “could lead to supply-chain bottlenecks and temporary price increases on chips and electronics.”
Tags: Battered, Bottlenecks, Chips, Damage, Electronics, Foundries, Hurricane Helene, Implications, Inventory, Mining, North Carolina, Quartz, Repairs, Semiconductors, Serious, Supply chain, Tech industry
Reuters (July 29)
“The prospect of a U.S. recession could mean more pain for battered stocks, despite a recent rebound that has taken the benchmark index to its highest level in more than a month.” If the U.S. is indeed entering recession “history shows the rough ride stock investors have endured this year may get even bumpier.”
Tags: Battered, Benchmark, Bumpier, Investors, Pain, Prospect, Rebound, Recession, Rough ride, Stocks, U.S.
Reuters (May 27)
Covid-related restrictions “have battered the world’s second-biggest economy even as most countries have been seeking to return to something like normal.” Although “China’s economy is now staggering back to its feet,” the recovery remains “grinding and partial… with businesses from retailers to chipmakers warning of slow sales as consumers in the country slam the brakes on spending.”
Tags: Battered, Businesses, China, Chipmakers, Consumers, Covid, Economy, Grinding, Normal, Partial, Recovery, Restrictions, Retailers, Sales, Staggering, Warning
Bloomberg (May 24)
“For decades, the surest way for ordinary Chinese families to grow their wealth and guarantee future financial stability was to put most of their money into real estate, and the rest into the stock market. Now, even those with money to spare are clutching onto their cash, not willing to take a chance in the Covid-battered Chinese economy.”
Tags: Battered, Cash, Chance, China, Clutching, Covid, Families, Financial stability, Future, Guarantee, Money, Ordinary, Real estate, Spare, Stock market, Wealth
New York Times (October 28)
“It is anyone’s guess how much more turmoil the Ukrainian people can take after they have watched their country battered, dismembered and bankrupted.” Nevertheless, Sunday’s elections “demonstrated that a large majority still support reform and a Westward course. At this critical juncture, it is imperative that the United States and European Union support them with immediate, tangible and generous support.”
