Stock Market News: JPMorgan investor update, Meta’s $1.3 billion fine, Micron’s warning

Debt ceiling talks resume as the deadline looms, JPMorgan delivers rosy forecast at investor day, Micron warns over China exposure and Facebook parent Meta slapped with heavy fine. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Chipmaker Micron disclosed to investors, in a filing with the Securities and Exchange Commission, that sales may be impacted by pushback in China.

“On May 21, 2023, Micron Technology, Inc. (“Micron”) received notice that the Cyberspace Administration of China (the “CAC”) concluded its review which commenced on March 31, 2023. In its review, the CAC concluded Micron products present a cybersecurity risk. As such, the CAC notified critical information infrastructure operators in China to stop using Micron products. We are evaluating what portion of our sales could be impacted by a “critical information infrastructure” ban. 

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