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Intel shares jumped 10% on Wednesday after the U.S chipmaker announced it would repurchase the 49% equity interest it did not own in its Fab 34 chip facility in Ireland for $14.2 billion. The semiconductor company sold the 49% stake in its Ireland manufacturing facility to buyout firm Apollo Global Management in 2024 for $11.2 […]
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York, Nov. 17, 2021. Andrew Kelly | Reuters More than 900 Google workers have signed an open letter condemning recent actions by U.S. Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP), urging the tech giant to disclose […]
Bitcoin rallied about 1.6% Friday, coming close to setting a new record despite widespread economic uncertainty. The cryptocurrency traded at over $122,000 – just below the all-time high of about $124,000 that it notched in August. The rally is a signal that investors may be viewing Bitcoin as another safe-haven asset, like gold, as the […]
NFL MVP Josh Allen signs with New Balance. Courtesy of New Balance NFL MVP Josh Allen has left Nike to sign an endorsement deal with New Balance. The Buffalo Bills quarterback announced the news on Friday in a letter to his hometown of Firebaugh, California. The deal is a major win for Massachusetts-based New Balance. […]
It has been a rough week for Nvidia – the chip giant powering the AI revolution and just about every American’s 401(k) – and it’s not just recent headlines that are threatening the stock, On The Money has learned. OpenAI Sam Altman helped spark a selloff in shares with his talk of “overexcited” investors and an artificial […]
Sequoia Capital’s Shaun Maguire interviews with CNBC. CNBC Almost 600 people have signed an open letter to leaders at venture firm Sequoia Capital after one of its partners, Shaun Maguire, posted what the group described as a “deliberate, inflammatory attack” against a Muslim Democratic mayoral candidate in New York City. Maguire, a vocal supporter of […]
