(Reuters) -Apollo Global Management's affiliates will provide $11 billion to Intel to buy 49% equity interest in a joint venture entity related to an under-construction manufacturing facility in Ireland.
Located in Leixlip, Ireland, the Fab 34 facility is Intel's leading-edge high-volume manufacturing facility designed for wafers using the Intel 4 and Intel 3 process technologies, the company said on Tuesday.
The company announced plans in... (continue reading...)
(Reuters) -Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia's hardware this year, CEO Elon Musk said in a post on X on Tuesday.
Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend.
"For building the AI training superclusters, NVidia (sic) hardware is about 2/3 of the cost," he said on X.
... (continue reading...)By Rajesh Kumar Singh
CHICAGO (Reuters) - United Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday.
Kate Gebo, head of United's human resources and labor relations, told reporters the airline currently expects to hire close to 10,000 new employees in 2024 compared with 13,000 to 15,000 employees planned earlier.
Since January, the... (continue reading...)
Investing.com -- U.S. stock futures edged lower Tuesday after data showed job openings were softer than expected in April.
Here are some of the biggest U.S. stock movers today:
GameStop (NYSE: GME) stock fell 2%, retreating after the video game retailer soared over 20% in the previous session on the back of stock influencer Keith Gill, who is known online as "DeepF-------Value" and "Roaring Kitty", posting a screenshot on social... (continue reading...)
By Pranav Kashyap
(Reuters) - Andrew Left, the founder of Citron Research, is again betting against retail investors' favorite GameStop, which is back in the limelight after super-bull "Roaring Kitty" Keith Gill resurfaced online following a three-year hiatus.
Citron was forced to close its short position in GameStop at a loss in 2021, after retail traders ganged up against heavily shorted stocks on online forums to drive rallies, which... (continue reading...)
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