Business

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business. CEO Pat Gelsinger said in a message to employees late Monday that Intel will create …

US stock futures rose on Tuesday, with techs leading the advance in the wait for fresh retail sales data and the start of a Federal Reserve meeting pivotal to an interest-rate cut. Dow Jones Industrial Average futures () moved up roughly 0.3%, coming off a record-high close for the blue-chip …

Bill Gates and Warren Buffett have a lot in common despite their age difference. Both are multibillionaires. They’re philanthropists. Both enjoy playing bridge. And they’re both investors. The two wealthy men now share even more in common on the investing front. The Bill & Melinda Gates Foundation Trust loaded up …

For the better part of two years, no trend has excited investors more on Wall Street than the rise of artificial intelligence (AI). The lure of AI is twofold. First, there’s the ability for AI-driven software and systems to learn over time without human intervention. The capacity for software and …

Dan Loeb is the founder and CEO of Third Point, an institutional asset manager whose flagship Offshore Fund has returned 13.1% annually since its inception in 1996. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) has returned 9.4% annually during the same period. Loeb is “one of the most successful hedge fund …

(Bloomberg) — Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market. Most Read from Bloomberg BYD has acquired the remaining 10% of …

Shares Surged Nearly 8% in Extended Trading on Monday Source: TradingView.com Key Takeaways Intel shares surged nearly 8% in extended trading on Monday, adding to big gains during regular trading, after the embattled chipmaker’s CEO Pat Gelsinger provided an update on the company’s plans to slash costs and turn around …

(Bloomberg) — Japanese stocks led a regional gauge lower as traders look ahead to decisions from the Federal Reserve and the Bank of Japan this week. Most Read from Bloomberg The MSCI AC Asia Pacific Index declined, with the Nikkei 225 falling as much as 2.1% even as benchmarks for …

The broader stock market might not have had a thrilling Monday, but there was plenty of action and interest in AT&T (NYSE: T) shares. The telecom company was the subject of hot speculation in the satellite broadcasting world, and investors bid up its share price by nearly 3% on the …

Joan Cros / NurPhoto / Getty Images Key Takeaways Microsoft on Monday announced a $60 billion stock buyback program and a 10% boost to its quarterly dividend. The moves come as Microsoft faces pressure to show its spending on artificial intelligence (AI) is paying off. Microsoft unveiled new AI features …