Text size Photo by Alexander Koerner / Getty Images Intel shares are on the rise after the chip company announced an accelerated $ 10 billion program for purchase. Following the completion of the repurchase, Intel said it will have $ 17.6 billion in purchases from the $ 20 billion authorization …
Read More »Stock market ignores restrictions of Trump administration. Here’s why it should not.
Text size Kevin Frayer / Getty Images Brands responded calmly to the recent escalation of the Trump administration’s war on Chinese telecom giant Huawei. Maybe too calm. U.S. Commerce Department regulations issued Aug. 17 will in theory prevent Huawei from purchasing any hardware or software that has all inputs of …
Read More »Potential Gilead blockbusters rejected by FDA. Why that’s the ‘Near-Worst-Case Scenario’ for Gilead Stock.
Text size The Food and Drug Administration on Tuesday rejected Gilead Science’s application for a will-be blockbuster arthritis medicine, blind investors. One analyst called the development a ‘near-worst-case scenario’ and a ‘shock’. Dreamstime The Food and Drug Administration’s decision to deny Gilead Science’s application for a wild medicine for blockbuster …
Read More »Home Depot reports income. Here’s what to expect.
Text size People do not spend money on travel, entertainment and dining, and have used that money to make their homes more comfortable. Justin Sullivan / Getty Images Because the pandemic has kept everyone in their homes, many of us have become Tim “The Toolman” Taylor. Home improvement is suddenly …
Read More »What the American Crackdown on Huawei means for the chip sector of Europe
Text size Kevin Frayer / Getty Images The European chip sector was under pressure on Tuesday when the cold wind of fracturing relations between US and China blew its way. The sector has benefited from the fruits of a global tech rally driven by the need for gadgets and computers …
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