Intel slashes dividend by over 65%, to 12.5 cents
Intel slashed its dividend from 36.5 cents to 12.5 cents, a 65% reduction that comes just weeks after the chipmaker announced wide-ranging compensation cuts.
NASA’s $3.5 billion plan to redesign its aging spacesuits
NASA’s turning to commercial companies Axiom Space and Collins Aerospace, a subsidiary of Raytheon Technologies, to build and maintain its new spacesuits.
Terran Orbital surges 71% after winning $2.4 billion contract to build satellites for Rivada
Terran Orbital shares surged after the company announced a $2.4 billion contract to build communications satellites for Rivada.
There’s ‘nothing thesis-changing’ about Coinbase despite fourth-quarter beat, some Wall Street firms say
The cryptocurrency exchange topped earnings and revenue estimates in its fourth-quarter earnings, but it also posted user numbers that disappointed analysts.
UBS downgrades Logitech, cites rising competition for the computer peripherals maker
The Swiss-American company will have to navigate several challenging quarters amid rising inflation and a weaker consumer, read a UBS note.
Jennifer McClellan makes history as the first Black woman elected to Congress in Virginia
The Democratic state senator won a special election Tuesday in Virginia’s 4th Congressional District.
Citi upgrades Alcoa, says aluminum producer is a buy with China reopening
The bank upgraded shares to buy from neutral, saying Alcoa is about to get a boost from the world’s second largest economy.
This little-known health stock that uses A.I. can rally more than 120%, Canaccord Genuity says
The firm believes artificial intelligence will increasingly be used in diagnostics and life science tools going forward.
Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
Bentley Motors plans to end production of its 12-cylinder engine next April as the famed luxury carmaker transitions to electric vehicles.
Supreme Court justices in Google case express hesitation about upending Section 230
Justices across the ideological spectrum expressed concern with breaking the delicate balance set by Section 230 in their ruling.
