U.S. jobless claims hold steady at 20-month high, current account gap widens
The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal...Intel sells a 20% stake in IMS Nanofabrication to Bain Capital
Intel (NASDAQ:INTC) said it has agreed to sell a roughly 20% stake in its IMS Nanofabrication GmbH business to Bain Capital Special Situations. The deal values the Austria-based IMS business at about $4.3 billion. Intel expects the deal will be closed in the third...SoftBank to shift to ‘offence mode’ as AI booms
By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid excitement over advances in artificial intelligence. The group had...