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Intel Slips on Apple Chips

By Christiana Sciaudone Investing.com --  Intel (NASDAQ:INTC) dropped 4% after a report that Apple (NASDAQ:AAPL) is planning new chips poised to outperform Intel's. Apple is planning a series of new processors to succeed its M1 chip that debuted in November, Bloomberg reported, citing people familiar with the matter. The company said it expects to finish the transition away from Intel and to its...

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World Economic Forum to be held in Singapore in May – WEF president in email

ZURICH (Reuters) - The World Economic Forum (WEF) will be held in Singapore instead of Switzerland next year as the COVID-19 pandemic would make it difficult to ensure the health and safety of participants in Europe, WEF president Borge Brende said in an email on Monday. "The Managing Board took a very important decision today to move the Special Annual Meeting 2021...

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Kodak Shares Surge 60% Premarket on Report of Loan Probe Outcome

(Bloomberg) --Eastman Kodak Co. (NYSE:KODK) surged about 60% in premarket trading after a press report that a probe found no wrongdoing regarding a government loan to the photography giant turned pharmaceutical manufacturer. The inspector general of the agency that brokered the deal, the U.S. International Development Finance Corp., discovered no evidence that employees of the agency had any conflicts of interest in the...

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Wall Street Opens Mixed as Virus Surge Hits Cyclicals

By Geoffrey Smith  Investing.com -- U.S. stock markets opened mixed on Monday as tightening restrictions on economic and social life across the U.S. sent the great rotation trade of the last few weeks into reverse – if only temporarily. With no major progress over the weekend on a possible fiscal relief bill, it was the ‘long duration’ tech stocks in the NASDAQ Composite which...

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AirBnB, DoorDash IPO Buzz, Brexit Wobbles, China Exports – What’s up in Markets

By Geoffrey Smith  Investing.com -- The year is closing with two banner IPOs from AirBnB and DoorDash. However, it’s also hitting sterling as the U.K. faces up to a new chapter in trading with the EU. Stocks and commodities are running out of steam after last week’s Everything Rally and China’s exports surge as the world scrambles for PPE equipment and consumer electronics. Here’s...

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