Taiwan Semi’s Cutting-Edge 3nm Chips in High Demand, Apple, Intel, and AMD Boost Orders
Taiwan Semi, supplier for Nvidia, Apple, Intel, and AMD, sees surge in orders for cutting-edge 3nm chips. Plans to build factories in Taiwan and Japan.
Visa Unveils New AI Fraud Prevention Tools to Safeguard Digital Payments
Visa expands fraud prevention services with 3 new AI-powered solutions, part of its $10B investment in tech. Mastercard and PayPal also utilize AI.
Jim Cramer: Visa Is ‘Too Close To All-Time High,’ Chart Industries Is ‘Absolutely Terrific’
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Visa Inc. (NYSE: V) very much here and also likes that settlement that was announced on Tuesday. "The stock is too close to it’s all time high.
Alibaba’s Logistics Arm Cainiao Boosts Employee Bonuses, Plans Major Incentive Overhaul
Cainiao Smart Logistics Network, owned by Alibaba, plans to double employee bonuses after IPO was scrapped. Alibaba focuses on global expansion.
Baseball Players Accused Of Insider Trading On Del Taco Acquisition: Report
SEC has reportedly alleged that four current and former minor league baseball players traded illegally on Jack In The Box Inc's $575 million acquisition of Del Taco Restaurants.
Target, Costco And A Major Healthcare Stock On CNBC’s ‘Final Trades’
On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners said CVS Health Corporation (NYSE: CVS) came back strong on news about Amazon.com, Inc.
Nvidia Set to Benefit as SK Hynix Targets Double-Digit DRAM Sales from AI Chips in 2024
SK Hynix expects AI-focused HBM chips to make up double-digit percentage of DRAM sales in 2024. It has begun commercializing next-gen chips.
Phillips 66 Explores Sale Of Rockies Express Pipeline Stake Worth Over $1B: Report
Phillips 66 is looking to sell its 25% stake in Rockies Express Pipeline for over $1 billion. The company is in talks with potential buyers.
How Much Will Baltimore Bridge Damage Cost — And Who Will Pay For It?
The insurance sector anticipates significant liabilities, as per the Financial Times, with insurers expected to cover extensive losses, including bridge damage, port disruptions, and potential loss of life.
Rite Aid Forges Path To Financial Recovery With Major Settlement: Report
Rite Aid (OTC: RADCQ) settles with lenders and DOJ, marking a crucial step toward bankruptcy resolution by April, Reuters reports. Attorney Aparna Yenamandra highlights broad stakeholder agreement, signaling progress despite remaining complexities. Junior bondholders, including Brigade Capital Management, express caution.