Latest News
Intel Reclaims Full Control of Ireland Fab in $14.2B Buyback Deal
Intel will repurchase Apollo Global Management's 49% stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, regaining full ownership. The company will fund the transaction with cash and $6.5 billion in new debt.
PECO Proposes Major Rate Increases for 2027, Seeks $510M for Infrastructure
PECO has requested regulatory approval for significant delivery rate increases that would raise residential electricity bills by 12.5% and suburban gas bills by 11.4% beginning in 2027. The utility seeks $510 million for infrastructure improvements.
Nike Plunges to Decade Low on China Revenue Warning, Turnaround Timeline Extends
Nike shares tumbled over 15% to their lowest close in more than ten years after the company projected a steep 20% revenue decline in China and an overall sales drop for the current quarter, missing analyst expectations.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
KeyBank Security Under Scrutiny Amid Ohio Robbery and Check Fraud Prevention
KeyBank's fraud controls are in focus following a robbery at an Ohio branch and a separate $5,000 check scam thwarted by its Positive Pay system, with KeyCorp set to report quarterly results.
Indian Markets Stage Late Rebound as RBI Intervention Lifts Rupee
Indian equity indices reversed sharp intraday declines to close higher Thursday, supported by a significant rupee rally following RBI intervention. The recovery followed a market value wipeout exceeding Rs 10 lakh crore earlier in the session.
Exxon Plunges 5.2%, Erasing $36 Billion as Iran Peace Hopes Sink Oil
Exxon Mobil shares fell sharply, erasing $36 billion in value, as crude oil prices dropped on signs of a potential end to the U.S.-Iran conflict. The energy sector sold off broadly despite gains in the wider market.
Nike Plunges to 11-Year Low on Sales Warning, Indian Markets Tumble
Nike shares plummeted to an 11-year low following a warning of a 4% quarterly sales drop. Meanwhile, Indian equity indices plunged sharply due to geopolitical risks and heavy foreign selling.
Ondas Seals World View Deal, Expands Defense Tech Portfolio
Ondas Inc. has finalized its purchase of World View Enterprises, issuing millions in shares and cash to integrate stratospheric surveillance platforms into its defense business.
Grab Debuts Autonomous Ride Service in Singapore Amid Strategic Pivot
Grab Holdings has initiated Singapore's first public autonomous vehicle ride service in Punggol, partnering with WeRide. The move aligns with Grab's strategic focus on automation and AI to improve profitability.
Tesla European Registrations Surge Ahead of Q1 Delivery Report
Tesla's vehicle registrations in Europe surged in March, with France seeing a 203% increase, providing momentum ahead of the company's first-quarter delivery report. Analysts anticipate deliveries around 365,645, down from the prior quarter.
Bitmine Expands Ether Treasury to 4.73M Tokens as Staking Network Launches
Bitmine Immersion Technologies has expanded its ether holdings to 4.73 million tokens following a recent purchase, while launching its MAVAN staking network. The company reported $177 million in annualized staking revenue from its substantial cryptocurrency position.