Intel Corp will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as US$20 billion to build two factories in Arizona and to open up its factories to outside customers.
WASHINGTON :Federal Reserve Chair Jerome Powell told U.S. lawmakers on Tuesday that a coming round of post-pandemic price hikes won't get out of hand and fuel a destructive breakout of persistent inflation.
Sales of new U.S. single-family homes fell to a nine-month low in February amid bitterly cold weather, and expensive lumber and rising mortgage rates could cool the housing market this year.
A group of New York City business leaders has urged officials to refrain from raising taxes as it could jeopardize the state's recovery from the pandemic and pressure companies to relocate their operations, triggering major economic losses.
The S&P 500 rose in choppy trading on Tuesday as investors marked time ahead of remarks from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen for clues about their tolerance for higher bond yields.
Amazon.com will see its stake in Deliveroo fall to 11.5per cent when the British food delivery company goes public via an initial public offering, the IPO prospectus showed.
Ray-Ban maker EssilorLuxottica secured EU antitrust approval on Tuesday for its €7.2 billion (US$8.5 billion) acquisition of GrandVision after pledging to sell more than 300 stores in three countries to address competition concerns.
Most wealth managers and financial advisors are still in "education mode" on cryptocurrencies but demand for the emerging asset class among larger investors has grown, the boss of Fidelity Investments' institutional arm said on Tuesday.
:Britain's Prince Harry will become the first chief impact officer of BetterUp Inc, a San Francisco-based firm that provides employee coaching and mental health assistance, the company said on Tuesday.
