Intel’s decision to hire a little-known semiconductor dealmaker as its chief executive has cheered investors who want an outsider to turn around the troubled chipmaker. The US group announced on Wednesday that Lip-Bu Tan, who joined Intel’s board in 2022 but resigned last year, had been chosen to replace Pat Gelsinger. Wall Street welcomed the
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London CNN — Gold prices reached $3,000 an ounce for the first time in history Friday, boosted by demand for safe-haven assets as investors fret about President Donald Trump’s tariffs and geopolitics. Prices hit a record $3,005 before paring those gains to trade at $2,994 at 9.04 a.m. ET. Jason Hollands, managing director at Evelyn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief executive of asset manager Capstone Investment Advisors It was only a matter of time before mixed signals on policy in the US would translate into higher volatility. When trade
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration. The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again,
The world’s most widely followed stock-market benchmark slid into a correction Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration. The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again, off-again
Wall Street is grappling with its most significant sell-off in months as market strategists struggle to navigate the Trump administration’s fluctuating tariff policies. The S&P 500 recently plummeted to a low of 5,528 points, marking a 10% decline from a record-high reached in February. The Dow Jones Industrial Average and NASDAQ have also experienced notable
Avolta’s revamped retail and F&B offer at Barcelona Airport in Spain. Avolta Latin America was the standout region for Avolta for all the wrong reasons, following the travel retailer’s reveal of its 2024 annual results on Wednesday. Like-for-like* sales in Latin America (including the Caribbean) were down by 4.7% in sharp contrast to its three
Sam Drysdale | State House News Service BOSTON — State government leaders in Massachusetts are trying to instigate a building boom to address a housing shortage marked by high rents and sale prices, but a top housing official is now warning that headwinds from Washington could threaten their efforts. “The equity that’s often needed to