In the past, chipmakers like Intel Corp and Taiwan Semiconductor Manufacturing Co raced each other to make the features on chips smaller and smaller to cram more computing power onto a single chip.
U.S. stocks touched record highs in choppy trade on Monday and the dollar weakened, as investors avoided making new, bold bets before this week's Federal Reserve policy meeting, which might offer clues on the outlook for monetary policy.
Intel Corp said on Monday its factories will start building Qualcomm Inc chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd by 2025.
All three major U.S. stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Federal Reserve policy meeting kept the market in check.
The S&P 500 edged higher and eked out another record closing high on Monday, bolstered by optimism over earnings with heavyweight technology names reporting this week, while caution ahead of a policy meeting by the Federal Reserve kept the market in check.
The dollar edged lower on Monday against a basket of peer currencies as investors positioned themselves ahead of this week's U.S. Federal Reserve policy meeting, while cryptocurrency prices rose to their highest in weeks.
The three major U.S. stock indexes were mostly higher but near the little-changed mark on Monday as investors looked forward to earnings this week from heavyweight technology names and braced for a policy meeting by the Federal Reserve.
U.S. stocks touched record highs in choppy trade on Monday and the dollar weakened, as investors avoided making new and bold bets before this week's Federal Reserve policy meeting that might offer clues on the outlook for monetary policy.
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U.S. stocks slipped from record highs on Monday and the dollar softened as investors cashed in on recent gains and turned their focus to the Federal Reserve's policy meeting, starting Tuesday, for clues on the outlook for monetary policy.
Wall Street indexes hovered near record highs on Monday in a week packed with heavyweight technology earnings, with investors staying away from big bets in the runup to a policy meeting by the Federal Reserve.
What happened
Shares of some Bitcoin (CRYPTO: BTC) stocks were up by double-digit percentages Monday morning. The original cryptocurrency was up more than 13% as of noon EDT today from where it traded on Friday, and various Bitcoin stocks and ETFs adjusted higher as well.
Digital banking platform Solarisbank said on Monday it had raised 190 million euros ($224 million) from investors and was spending a chunk of the money to gain a foothold in Britain by acquiring smaller peer Contis.
The chatter calling for Amazon.com (NASDAQ: AMZN) to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making the arguments for a lower share price via a split all the more tantalizing.
The dollar edged lower on Monday against a basket of other currencies as investors' focus turned to this week's U.S. Federal Reserve meeting, while cryptocurrency prices rose to their highest in weeks.
Stock markets fell on Monday as concerns over tighter regulations in China mounted amid caution ahead of a huge week for U.S. corporate earnings and a Federal Reserve meeting.
Database specialist MongoDB (NASDAQ: MDB) has been a great investment in recent years. Since 2018 the stock is up over 1,000%, crushing the 65% return of the broader market. Even so, digital transformation is driving the need for a more modern database platform, and MongoDB has b
The dollar slipped against a basket of currencies on Monday as investors turned their focus to this week's Federal Reserve meeting and cryptocurrencies jumped to their highest levels in weeks.