Thursday 17 February 2022

Reuters Business: Intel would participate in consortium to invest in Arm Ltd -Intel CEO

Intel would participate in consortium to invest in Arm Ltd -Intel CEO

Intel Corp Chief Executive Pat Gelsinger on Thursday told Reuters that Intel would be interested in participating if a consortium emerges to own the British semiconductor and software design company Arm Ltd.

Fed's messaging on pivot gets high marks from Wall Street

Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising inflation, a survey by the New York Federal Reserve published Thursday showed.

S&P 500 down 2% as Ukraine crisis sparks flight to safety

U.S. stocks tumbled on Thursday, with investors hastening a move late in the session toward defensive sectors and safe havens such as U.S. bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared.

Intel delays launch of standalone desktop graphics chips to Q2

Intel Corp said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out in the first quarter as originally planned.

Shake Shack's slim sales forecast disappoints

Shake Shack Inc forecast first-quarter revenue below estimates as the fast-spreading Omicron variant kept dine-in customers away and led to store closures due to labor shortages, sending the burger chain's shares down 10% in extended trading.

Fed hikes will limit Mexico's monetary policy, central bank official says

The expectation that the Federal Reserve will start hiking interest rate soon has put limits on Mexico's monetary policy, Bank of Mexico Deputy Governor Jonathan Heath said on Thursday.

Allianz books $4.2 bln hit in investment fund case, says more may come

German insurer and asset manager Allianz on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of investment funds.

'Few places to hide': investors seek shelter as stocks, bonds fall together

Lockstep declines in bonds and stocks are sending investors into defensive products such as credit swaps, convertibles and even cash as they seek refuge from the market's recent gyrations.

FCC refers two voice providers for probe on robocall commitments

The Federal Communications Commission (FCC) said on Thursday that voice service providers Bandwidth and Vonage lost a partial exemption from standards aimed at preventing robocalls and were referred for further investigation.

Gold jumps, stocks slide on Ukraine tensions mount

Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands.

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