News & Reviews:   Shares

Shares of Qualcomm fell sharply this week after the company issued weaker financial guidance for the current quarter, warning that a global memory chip shortage is weighing on the smartphone market and constraining demand for its mobile chips. The outlook disappointed Wall Street following Qualcomm’s fiscal first-quarter earnings release, triggering a sell-off in after-hours trading as investors absorbed the supply chain challenges.

Today, The Edge reported that U Mobile has agreed to sell its entire 100,000 shares in Digital Nasional Bhd (DNB) for RM100,000. The shares will be acquired by CelcomDigi, Maxis, YTL Power International, and the Minister of Finance Inc (MOF Inc), according to filings with Bursa Malaysia.

After HUAWEI, it looks like Xiaomi has also stumbled upon something that doesn't look nice with the U.S. Last week, it was reported that Xiaomi has been added to the country's government’s blacklist, which means that U.S. investors will not be allowed to purchase shares from the Chinese company. However, unlike HUAWEI, Xiaomi will still able to import and use technologies from the U.S. without a need for a license. Following the news, Xiaomi has issued a statement on the matter as follows:

TikTok is very popular among young users and you can find all different kinds of short video clips there. But this didn’t stop our Former Prime Minister Tun Dr. Mahathir Mohamad, who is already 95 years old joining the club.