US chipmakers refuse to move focus from Chinese market despite Washington's restrictions

China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.

American department store chain Macy's to slash 2,350 jobs

US department store chain Macy's is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores.