Samsung rises 4% after it said it would cut memory chip production as its quarterly operating profit drops 96% to the lowest in 14 years.

by polloponzi

BREAKING: Samsung reported its slimmest profit since the 2009 global financial crisis and said it would cut memory chip production.

— unusual_whales (@unusual_whales) April 7, 2023

Global economy set for years of weak growth, IMF chief Georgieva warns. World to expand at avg annual rate of ~3% over next 5yrs, well below avg 3.8% of past 2 decades, & weakest projection for medium-term growth since 1990. But IMF not good at forecasting t.co/dZ2qd5umXg pic.twitter.com/MGWciOPsAm

— Holger Zschaepitz (@Schuldensuehner) April 6, 2023