Samsung Electronics reported a record quarterly revenue and a 31% increase in net profit for the three months through September, helped by strong demand for its chips and display panels. But the South Korean tech giant also warned that component shortages at some customers may affect demand for its chips in the fourth quarter. Samsung, which makes everything from smartphones and home...
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Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
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SpaceX Plans New Funding With Backing From Saudi, UAE Investors
