By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIf Qualcomm sees it through, its takeover bid of Intel w ...

Apollo Global Management is in talks to invest up to $5 billion into Intel, Bloomberg reports.The chipmaker is considering the offer, but no deal has been finalized yet.It follows a separate report that Qualcomm approached Intel about a potential takeover. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized fe ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmazon is waving goodbye to remote work.Starting in Janu ...

Core Viewpoint - Intel is at a critical juncture as it navigates declining valuation and business struggles, with a potential takeover by Qualcomm being considered amidst significant operational changes, including layoffs and the establishment of an independent subsidiary for its foundries [1][2]. Group 1: Takeover and Market Position - Qualcomm has approached Intel regarding a potential takeover, which could provide financial support but may also face antitrust scrutiny due to the current political climate [2]. - Intel's foundry business is under scrutiny, which could jeopardize its access to billions in funding from the CHIPS and Science Act [2][3]. - The Biden Administration's skepticism towards mergers could complicate any potential deal between Qualcomm and Intel [2]. Group 2: Business Strategy and Independence - Intel plans to create an independent subsidiary for its foundries to unlock value, as this segment has been incurring substantial losses [5]. - This independence would allow Intel's foundries to compete more effectively against companies like GlobalFoundries, TSMC, and Samsung, alleviating concerns about being tied to the volatile CPU market [5]. - Following the announcement of these changes, Intel's stock rose by 8% [5]. Group 3: Competitive Landscape and Challenges - Intel's dual role as both a chip designer and manufacturer has historically caused hesitation among potential customers, as they may be wary of competition [5][6]. - The company's focus on CPUs rather than GPUs has hindered its relevance in the AI sector, where competitors like Nvidia are thriving [6]. - Intel's past missteps, such as missing the mobile chip revolution, have led to significant losses in market share, exemplified by Apple's shift to in-house chip design [9]. Group 4: Collaboration with Amazon - Intel announced plans to produce AI fabric chips for Amazon Web Services, which could enhance its position in the AI market [8]. - However, doubts persist regarding the effectiveness of this collaboration, as Amazon already develops its own chips and continues to purchase from Nvidia [8].

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewQualcomm is interested in acquiring Intel, the Wall Stre ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFor over a decade, consumers have been increasingly ditching the pay-TV bundle. Recently, media firms have ...

Nike's new CEO, Elliot Hill, admitted things "haven't been easy" for the brand in a message to staff.Hill, a Nike veteran, will replace John Donahoe as CEO.He said employees need to show "speed and urgency" to turn the sneaker brand around. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

Group 1: Federal Reserve Rate Cut Impact - The US Federal Reserve cut rates by half a percentage point, which is expected to have immediate reactions but will take months to fully manifest [1] - Some sectors, particularly home improvement retailers, are already experiencing positive effects from the rate cut, with shares of Home Depot and Lowe's rising [2] Group 2: Home Improvement Retailers' Response - Home Depot and Lowe's are anticipated to see a fundamental recovery as a result of the rate cut, with analysts predicting continued stock price increases [2] - Executives from both companies have noted that their businesses have been constrained by low housing turnover and high borrowing costs due to the Fed's previous tight interest rate policy [2][3] Group 3: Consumer Behavior and Market Dynamics - Home Depot's CFO indicated that consumers are currently in a "deferral mindset," delaying big-ticket home improvement purchases unless necessary [3] - Fed Chairman Jerome Powell mentioned that the housing market is "frozen" due to low rates, but as rates decrease, more people are expected to sell their homes, which could stimulate the market [3][4] Group 4: Future Expectations and Strategies - Powell suggested that further rate cuts may occur if data supports it, potentially encouraging consumers to take out new mortgages or credit lines [4] - Both Home Depot and Lowe's have been managing investor expectations amid slumping sales, while continuing to invest in their stores in anticipation of pent-up demand being released [4][5] - Lowe's management is expecting a "phased recovery," starting with smaller projects before homeowners engage in larger renovations [5]

Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too much on recycling old styles, an analyst told BI.Hopefully, the new hire will help Nike re-focus on a culture of innovation, he said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...

Nike just appointed a new CEO who came out of retirement to take the job.Elliott Hill will take over from John Donahoe in October, Nike said.It's the latest move Nike's making to right its business. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicki ...