ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThe ExchangeDavid Katz, Jefferies analyst, joins ‘The Exchange’ to discuss the winning sectors for the consumer trade-down and why he’s bullish on cruises.03:3133 minutes ago Source link
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The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024.Cindy Schultz | Bloomberg | Getty ImagesU.S. semiconductor manufacturer GlobalFoundries is reportedly weighing a merger with Taiwan-based United Microelectronics.U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. Nikkei reported the news, citing sources familiar with the deal.The merger would create a company based in the U.S with production capabilities in Asia, the U.S. and Europe, according to the report. The combined entity would aim to secure American access to mature chips amid potential risks from China competition and tensions between China…
Predictable. Compelling. Depressing. Exciting. Indicative of future tournaments that will lack the charm America has grown to love. Indicative of a weekend ahead that will thrill American basketball lovers.Take your pick and acknowledge two truths. One, the men’s NCAA Tournament Final Four will feature all No. 1 seeds for the first time since 2008 — also a San Antonio Final Four — and the second time since seeding began in 1979. Two, one of those No. 1 seeds is not like the others.We’re well past the stage of fretting about lost underdog stories. Check back next year as trends are…
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention begins, in Milwaukee, Wisconsin, July 14, 2024.Joe Raedle | Getty Images News | Getty ImagesNewsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has grown after the election of President Donald Trump and other right-wing politicians.The network began trading under the symbol “NMAX” late Monday morning, opening at $14 a share after pricing at $10 a share. It soared more than 500% by midday in volatile trading.In September, Newsmax announced its…
Hedge funds are dumping stocks at a rapid pace as President Donald Trump’s aggressive tariff agenda spiked volatility on Wall Street. These professional traders have net sold global equities for six weeks in a row, with last week’s notional de-grossing amount reaching the largest level since July, according to data from Goldman Sachs’ prime brokerage unit. The cohort has been particularly fleeing high-flying technology names, offloading shares at the fastest pace in six months. The selling last week was also the second largest notionally in the last five years, Goldman’s data suggested. .SPX YTD mountain S & P 500 Bank of America…
The first quarter has been a rocky one for Wall Street, with steep declines for electric vehicle giant Tesla and semiconductor play Broadcom – as well as standout performances from the likes of CVS Health and Philip Morris International. This quarter was plagued by mounting tariff fears from the new administration, which should all come to a head on Wednesday, April 2 — a date President Donald Trump has dubbed “Liberation Day.” Investors are holding out hope that on Wednesday, they’ll receive some clarity and relief from the high volatility wracking equities in recent weeks. The S & P 500…
Rajat Bhageria is the CEO of Chef Robotics, a San Francisco startup that has raised $20.5 million in a Series A round to continue building artificially-intelligent, food-assembly robots.Courtesy of Chef RoboticsAs the food service industry continues to struggle with labor shortages, a Silicon Valley startup has put together artificially-intelligent robots that are ready to clock in. Chef Robotics has raised $20.6 million in a Series A funding round led by Avataar Ventures, the company told CNBC. The round includes an additional $22.5 million in equipment financing debt to keep building out the startup’s robotic meal assembly systems.CEO Rajat Bhageria and his…
Pedestrians on the campus of Indiana University Bloomington in Bloomington, Indiana, US, on Sunday, April 7, 2024. Chet Strange | Bloomberg | Getty ImagesVideo grabs of FBI raid at the home of Luddy School of Informatics, Computing, and Engineering Associate Dean for Research, XiaoFeng Wang.Source: 13WTHR NBC AffiliateAn Indiana U. spokesman responded to questions from CNBC Monday about the couple’s employment status with, “I’ll refer you to the FBI for any information.”An FBI spokeswoman said, “I can confirm the FBI executed federal search warrants at homes in Carmel and Bloomington Friday.””We have no further comment at this time,” the spokeswoman said.There…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that have developed the so-called “agents.”The new model, called Nova Act, is designed to help developers build agents, or AI software that can complete multi-step tasks for users without supervision. Amazon showed Nova Act searching for “apartments by biking distance to the train station”…
WEST SACRAMENTO, Calif. — The most glaring difference between a major- and minor-league stadium is in height. The newly renovated home of the Athletics, Sutter Health Park in West Sacramento, Calif., carries just one main level topped by a second concourse of mostly suites, and in that way, it is still unmistakably the minor-league park it was built to be. But in a city that’s never regularly hosted Major League Baseball, the A’s hope intimacy creates an unusual draw.Standing behind the press box on the ballpark’s top floor two days ago, Steve Sax, the 14-year major-league veteran who now does…
