Government Policy

Intel drops $5.4 billion semiconductor tower deal. It’s a slam dunk strategy.

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Intel drops $5.4 billion semiconductor tower deal. It's a slam dunk strategy.

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 … Read more

Home Depot, DR Horton, Nvidia, US Steel, Discover, and more are on the market

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Home Depot, DR Horton, Nvidia, US Steel, Discover, and more are on the market

font size Home Depot reported second-quarter earnings that beat analyst estimates. Justin Sullivan/Getty Images Stock futures fell on Tuesday as an increase in bond yields and growing concerns about the Chinese economy weighed on investor sentiment. Meanwhile, US retail sales in July rose 0.7%, above economists’ expectations. These stocks were poised to make moves on … Read more