INSIDER
Stock market today: Wall Street drifts ahead of Election Day and a manic week for markets
Read full article: Stock market today: Wall Street drifts ahead of Election Day and a manic week for marketsU.S. stock indexes drifted lower ahead of a momentous week full of potential flashpoints in Washington, D.
Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
Read full article: Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industryNvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.
Stock market today: Amazon leads Wall Street higher
Read full article: Stock market today: Amazon leads Wall Street higherAmazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
Read full article: Stock market today: Wall Street stays stuck in place as it counts down to a rate cutU.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.
Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
Read full article: Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall StreetStocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
Stock market today: Asian shares mostly rise cheered by Wall Street finish
Read full article: Stock market today: Asian shares mostly rise cheered by Wall Street finishAsian shares are mostly higher after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year.
CEOs of OpenAI and Intel cite artificial intelligence's voracious appetite for processing power
Read full article: CEOs of OpenAI and Intel cite artificial intelligence's voracious appetite for processing powerTwo tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth.
Stock market today: Wall Street closes its 12th winning week in the last 13 with a mixed finish
Read full article: Stock market today: Wall Street closes its 12th winning week in the last 13 with a mixed finishWall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market.
EU hits Intel with $400 million antitrust fine in long-running computer chip case
Read full article: EU hits Intel with $400 million antitrust fine in long-running computer chip caseEuropean Union antitrust enforcers have slapped Intel with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year.
Stock market today: Asia follows Wall Street lower after Fed's notes dent hopes of rate hikes ending
Read full article: Stock market today: Asia follows Wall Street lower after Fed's notes dent hopes of rate hikes endingAsian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.
Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of cost
Read full article: Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of costIntel and the German government have signed a deal that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required.
Wall Street rally marks first weekly win streak since summer
Read full article: Wall Street rally marks first weekly win streak since summerWall Street closed sharply higher, capping another strong week with gains led by Apple and other companies that made even bigger profits during the summer than expected.
Biden to announce new support for US biotech production
Read full article: Biden to announce new support for US biotech productionPresident Joe Biden is announcing a new initiative to encourage biotech production and research in the U.S. It's the latest move by the White House to boost domestic industry.
Intel unveils $88B chipmaking expansion plan for Europe
Read full article: Intel unveils $88B chipmaking expansion plan for EuropeU.S. chipmaker Intel unveiled plans on Tuesday to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain.
Asian shares advance as easing virus fears boost Wall St
Read full article: Asian shares advance as easing virus fears boost Wall StStocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy.
Intel: $3.5B investment is critical to microchip future
Read full article: Intel: $3.5B investment is critical to microchip futureIntel will be investing $3.5 billion in its New Mexico plant to manufacture what executives say will fuel a new era of advanced computing as demands increase for the tiny microchips used in nearly all modern devices.
Asian markets push higher despite tech sell-off on Wall St
Read full article: Asian markets push higher despite tech sell-off on Wall StShares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. (AP Photo/Ahn Young-joon)BEIJING – Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. The Russell 2000 index lost 2.4% to 2,134.27. Banks have been volatile the last couple of weeks as investors try to gauge the impact of higher interest rates on the U.S. economy. Higher interest rates can slow economic momentum, but they also allow banks to charge more for loans.
US stocks shake off a wobbly start and end mostly higher
Read full article: US stocks shake off a wobbly start and end mostly higherU.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. Treasury yields remained near their highest levels since June. Before this week, the S&P 500 had notched a weekly gain three weeks in a row. American Express fell 3.6% and chipmaker Intel sank 10.6%, the biggest decline in the S&P 500, after reporting weakness in its data center business. Treasury yields dipped but remain near their highest levels since June.
Intel to sell NAND business to SKorean rival for $9 billion
Read full article: Intel to sell NAND business to SKorean rival for $9 billionAn employee leaves an office of SK Hynix Inc. in Seongnam, South Korea, Tuesday, Oct. 20, 2020. Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea's SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing. Intel said it will keep its “Optane” business of more advanced memory products, which analysts say are mostly produced in the United States. SK Hynix said the companies expect to get required governmental approvals for the deal by late 2021. The transaction, if completed, could reportedly make SK Hynix the world’s second-largest provider of NAND flash memory chips behind Samsung Electronics, another South Korean chip giant.
Intel's stock plunges as work on new computer chip bogs down
Read full article: Intel's stock plunges as work on new computer chip bogs downThe unexpected snag means Intel's 7-nanometer processing technology won't be ready until the end of 2022 or early 2023, raising the possibility that other chip makers will already have taken another leap ahead. TSMC's stock surged nearly 11% Friday, a sign that Wall Street expects its next-generation chips to have a clear competitive advantage now that Intel is so far behind in its work. While the overall stock market has kept climbing, Intel shares hit their peak of $75.81 almost 20 years ago. Intel suffered another blow last month when Apple announced it will soon begin relying on its own chips to power its Mac computers instead of Intel's. Although he said the company is not happy" with the delays in its next-generation chips, Intel CEO Robert Sway sought to reassure analysts during a Thursday conference call.
Intel will release data on how much it pays women, employees of color
Read full article: Intel will release data on how much it pays women, employees of colorCompanies with more than 100 employees must now provide pay data. SANTA CLARA, Calif. - Intel plans to release data on how much its employees are paid, broken down by gender, race and ethnicity, by the end of this year, the company confirmed. The agency will not release companies' data, but Intel says it will share the data publicly, a move first reported by Bloomberg. "With the requirement to report pay data, the EEOC is emphasizing the need for change in the industry, and that is [a] great first step in the right direction." African American employees comprised 4.6% of Intel's workforce; Hispanic employees 9.2%; and Native American employees 0.7%, according to the 2018 report.
Apple buys Intel's smartphone modem business
Read full article: Apple buys Intel's smartphone modem businessNow investors are wondering just how much iPhone sales could shrink. CUPERTINO, Calif. - Apple just bought the bulk of Intel's smartphone-modem business in a deal valued at $1 billion. Apple will now hold over 17,000 wireless technology patents, according to the release. Intel will still be able to develop modems for non-smartphone applications, such as PCs and autonomous vehicles. In April, Intel said it would no longer make 5G modems for smartphones, citing "no clear path to profitability and positive returns" in the business.
Stocks set for mixed open as earnings bonanza continues
Read full article: Stocks set for mixed open as earnings bonanza continuesiStock/svariophoto(CNN) - The Dow is set to open higher, but stocks are mixed Thursday on one of the biggest days of the earnings season. Before the bell, American Airlines reported second-quarter results, forecasting a $400 million hit for full-year earnings from Boeing's 737 Max crisis. The European Central Bank delivered its monetary policy update. The central bank left interest rates unchanged and said rates would remain at their current levels or lower "at least through the first half of 2020." The central bank said in a statement it would "examine options" such as new asset purchases.
Intel stock up amid talk it'll sell part of its chip business to Apple
Read full article: Intel stock up amid talk it'll sell part of its chip business to AppleJustin Sullivan/Getty ImagesSANTA CLARA, Calif. - Intel's stock rose more than 1% in after-hours trading Monday amid reports that Apple is in talks to buy its smartphone-modem chip business. Apple would also acquire Intel's work developing chips for 5G, the next generation of ultra-high speed wireless, according to the report. Intel and Apple have been in talks for roughly a year, according to the Journal. The talks stalled as Apple reached a settlement over a patent-licensing disagreement with Intel competitor Qualcomm, which used to be the main supplier of iPhone modems. Apple and Intel are scheduled to report financial results in the coming days.