JD.com stock fell after the earnings. The company cannot shake the gloom of China.

JD.com stock fell after the earnings.  The company cannot shake the gloom of China.

font size JD.com reported strong results for the second quarter, but the overall picture is weighing on investors. Kevin Fryer/Getty Images JD.com It smashed earnings expectations, but the e-commerce giant’s stock was falling on Wednesday, in a reflection of gloom in Chinese markets amid fears of a slowdown in the world’s second-largest economy. JD.com (Stock … Read more

Coinbase gets NFA approval to offer crypto futures contracts

Coinbase gets NFA approval to offer crypto futures contracts

The company said on Wednesday that Coinbase Global has received approval from the National Futures Association to offer crypto futures contracts to eligible US clients. The largest crypto exchange in the United States in September 2021 Apply to the NFAwhich is a self-regulatory organization overseen by the Commodity Futures Trading Commission, is required to register … Read more

Intel terminates tower deal after lack of approvals

Intel terminates tower deal after lack of approvals

(Bloomberg) — Intel Corp. said it is walking away from its bid to acquire Tower Semiconductor Ltd. , abandoned a $5.4 billion deal after failing to secure regulatory approval in a timely manner. Most Read from Bloomberg Intel said in a statement on Wednesday that Intel and Tower Semiconductor mutually agreed to terminate the February … Read more

Intel drops $5.4 billion semiconductor tower deal. It’s a slam dunk strategy.

Intel drops $5.4 billion semiconductor tower deal.  It's a slam dunk strategy.

font size Patrick Gelsinger, CEO of Intel, has made contract chip manufacturing an essential part of his strategy. Ting Xin/Bloomberg Intel has dropped its planned $5.4 billion acquisition of Israel Semiconductor tower . It’s a setback for Intel’s plans to expand its chipmaking business. Intel (ticker: INTC) said on Wednesday that the deal, originally agreed … Read more

Intel cancels $5.4 billion tower deal without Chinese approval

Intel cancels $5.4 billion tower deal without Chinese approval

(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people familiar with the matter. Most Read from Bloomberg The deadline for the deal, announced in early 2022, is midnight California time on August 15, said the people, who … Read more

Nvidia’s upcoming earnings could send the entire stock market higher as the AI ​​frenzy continues on Wall Street

Nvidia's upcoming earnings could send the entire stock market higher as the AI ​​frenzy continues on Wall Street

Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene Munster of Deepwater, who cited Wall Street’s craze over AI. “All eyes are on their data center number,” he told CNBC. Next week’s Nvidia earnings report could swing … Read more