US CPI, UBS results, UK inflation - what's moving markets

Go back to US CPI, UBS results, UK inflation - what's moving markets

Intel liquidates stake in ARM, filing shows

August 14, 2024 12:31 PM EDT

Intel (NASDAQ: INTC) sold its entire stake in British chipmaker Arm Holdings (NASDAQ: ARM) during the second quarter of this year, according to a recent regulatory filing.

The tech giant offloaded 1.18 million shares in Arm, potentially raising approximately $146.7 million based on the average stock price between April and June.

The sale comes at a time when Intel... More

Kellanova (K) PT Raised to $83.50 at Stifel

August 14, 2024 9:23 AM EDT

Stifel analyst Matthew Smith raised the price target on Kellanova (NYSE: K) to $83.50 (from $76.00) while maintaining a Hold rating.

The analyst comments "Mars and Kellanova announced an agreement with Mars to acquire Kellanova in an allcash offer of $83.50 per share. The takeout... More