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SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)
Benzinga44d agobearish
SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)

Editor’s Note: This story has been updated to include a response from an Intel spokesperson. SK hynix Inc (NASDAQ:SKHY) said Tuesday it has neither pursued nor decided to acquire Intel Corp‘s (NASDAQ:INTC) Ohio semiconductor campus, denying a media report that claimed the South Korean memory chipmaker was in talks to buy the site. SK hynix Responds to Korea JoongAng Daily Report SK hynix issued the clarification in a Korea Exchange filing after Korea JoongAng Daily reported that the company was

GE Vernova Earnings Due. This Will Matter Far More Than Gas Turbine Orders.
Investor's Business Daily45d agobearish
GE Vernova Earnings Due. This Will Matter Far More Than Gas Turbine Orders.

Highly anticipated GE Vernova earnings for the second quarter early Wednesday will provide the latest insights into AI-driven demand for gas turbines and electrical transformers. GE Vernova confirmed in June that its massive, heavy-duty gas turbines are basically sold out through 2029. Big Tech companies aggressively purchased the gas turbines to power their artificial-intelligence (AI) data-center campuses by themselves, with regionals grids unable to meet massive electricity demand.

Popular Walmart bakery item recalled over possible glass contamination
TheStreet45d agobearish
Popular Walmart bakery item recalled over possible glass contamination

Most shoppers do not expect something as simple as a bakery roll to carry a safety risk. But food recalls can sometimes involve products consumers never see in their original packaging. This is especially true of products, which are shipped in bulk to grocery-store bakeries, restaurants, or other ...

Investing.com45d agobearish
China cuts Iranian oil purchases by 40%, Bessentsays

Investing.com -- U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran's oil revenues.

Oracle Stock Looks to Shake Off Its Slump
The Wall Street Journal45d agobearish
Oracle Stock Looks to Shake Off Its Slump

Oracle stock is in the doldrums lately. After a 4% drop yesterday, shares of the cloud computing firm now stand at their lowest level since June 2024. They're down 34% over the last month, compared with a 5% drop for the S&P's technology sector.

GM Earnings Are Coming. Are Investors Missing Out?
Barrons.com45d agobearish
GM Earnings Are Coming. Are Investors Missing Out?

General Motors reports second-quarter earnings on Tuesday morning, with investors seemingly confused about what to do with the stock. Coming into Tuesday trading, GM shares were down about 7% year to date, despite rising earnings estimates and a solid first-quarter earnings report. On Tuesday, Wall Street is looking for a quarterly adjusted operating profit of $3.7 billion from sales of $47 billion.