Intel Corp’s new chief executive Pat Gelsinger laid out a three-pronged strategy to make the chip giant great again, a plan that includes using its manufacturing prowess to reduce some of the semiconductor industry’s reliance on off-shore manufacturing.
Consumer Reports said the fact that the in-car videos are saved and transmitted raises privacy issues, and may undermine the benefits of monitoring drivers in the first place.
Self-driving company TuSimple Inc. unveiled paperwork for its initial public offering Tuesday showing it has lost more than $300 million over the past three years in the race to be the first to launch fully autonomous long-haul trucks.
St. Louis Fed President James Bullard told reporters Tuesday he forecast no interest rate hikes through 2023 and won’t change until he sees actual evidence of a strong economy.
GameStop Corp. stock unsettled Tuesday after the retailer says it has laid the groundwork for its “transformation” despite lower-than-expected adjusted fourth-quarter earnings and sales.
A key Democratic senator said Tuesday more than half a trillion dollars in lending authority still exists for the Paycheck Protection Program but the program will need to be extended quickly as-is for that cash to get out the door.
A growing band of retail traders is coming together to make it clear that they hate Wall Street almost as much as they “like the stock,” perhaps highlighting the growing potency of average investors in a new era of investing.
Stocks end lower Tuesday, with beneficiaries of the recent rotation into cyclically sensitive stocks feeling the brunt of the selloff as concerns rose around rising COVID-19 cases in Europe that have prompted extended lockdowns.
The Silicon Valley company also offered second-quarter and full-year guidance that exceeded analyst estimates, and said Chief Financial Officer John Murphy intends to retire in 2021.
‘It would be sad and painful to see people end up losing this money that was designed to prop up the economy and get us out of COVID-induced recession.’