Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort. The equity investment is a lifeline for the once-iconic U.S. chipmaker.
U.S. stocks dipped as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week. The Nasdaq slid more than 1% to its lowest in over two weeks
Japan’s Nikkei share average extended its gains from last week to end at a record high, as a weaker yen pushed automakers’ stocks higher. Japanese shares rallied this month on renewed optimism over the domestic corporate outlook
Oil prices edged up as investors awaited talks between U.S. President Trump and his Ukrainian counterpart after an inconclusive U.S.-Russia summit in Alaska. Ukrainian President Volodymyr Zelenskiy said he was ready to work to end the war with Russia ahead of a meeting with Trump
Cryptocurrency investment products saw another week of strong inflows last week, largely driven by Ether exchange-traded products. Global crypto ETPs posted $3.75 billion of inflows during the trading week ending Friday, CoinShares reported
Gold prices held steady on Friday, but were notched a weekly loss after hot inflation data trimmed rate-cut bets, while the market focus shifted to talks between U.S. President Donald Trump and his Russian counterpart Vladimir Putin.
