The Dow Jones Industrial Average reversed higher on Wednesday minutes before the July Fed policy meeting. Meanwhile, Tesla shares slid after the electric car giant cut prices in China for the second time in less than a week. X The Fed’s meeting minutes, scheduled for release at 2pm ET, are expected to provide insight into…
font size JD.com reported strong results for the second quarter, but the overall picture is weighing on investors. Kevin Fryer/Getty Images JD.com It smashed earnings expectations, but the e-commerce giant’s stock was falling on Wednesday, in a reflection of gloom in Chinese markets amid fears of a slowdown in the world’s second-largest economy. JD.com (Stock…
HONG KONG (AP) — Intel will finalize its $5.4 billion deal to acquire Israeli chipmaker Tower Semiconductor after China failed to sign on to the deal amid Escalating tensions with the United States. The two companies said on Wednesday that the decision was a mutual one between Intel and Tower. Intel said the deal was…
The company said on Wednesday that Coinbase Global has received approval from the National Futures Association to offer crypto futures contracts to eligible US clients. The largest crypto exchange in the United States in September 2021 Apply to the NFAwhich is a self-regulatory organization overseen by the Commodity Futures Trading Commission, is required to register…
(Bloomberg) — Intel Corp. said it is walking away from its bid to acquire Tower Semiconductor Ltd. , abandoned a $5.4 billion deal after failing to secure regulatory approval in a timely manner. Most Read from Bloomberg Intel said in a statement on Wednesday that Intel and Tower Semiconductor mutually agreed to terminate the February…
font size Patrick Gelsinger, CEO of Intel, has made contract chip manufacturing an essential part of his strategy. Ting Xin/Bloomberg Intel has dropped its planned $5.4 billion acquisition of Israel Semiconductor tower . It’s a setback for Intel’s plans to expand its chipmaking business. Intel (ticker: INTC) said on Wednesday that the deal, originally agreed…
(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people familiar with the matter. Most Read from Bloomberg The deadline for the deal, announced in early 2022, is midnight California time on August 15, said the people, who…
Posted by Anirban Sen NEW YORK (Reuters) – Intel Corp. will drop its $5.4 billion deal to acquire an Israeli contract for chip maker Tower Semiconductor once its contract expires later on Tuesday without regulatory approval from China, sources familiar with the matter said. The sources, who asked not to be identified, said before an…
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene Munster of Deepwater, who cited Wall Street’s craze over AI. “All eyes are on their data center number,” he told CNBC. Next week’s Nvidia earnings report could swing…
font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer Kinfu It is likely to generate strong interest from the healthcare company’s shareholders, resulting in participants being able to swap only a portion of their J&J stock. Johnson…
