SoftBank to buy $2 billion in Intel shares at $23 each — firm still owns majority share of Arm

SoftBank Group late on Monday announced a plan to purchase $2 billion worth of Intel shares at $23 each, which will provide the troubled chipmaker much-needed cash. The companies inked a definitive securities purchase agreement, which sets the price of Intel stock (currently trading below its book value) at which the Japanese company will buy […]

3 mins read

Move Over — Chevrolet Is Crushing Sales and Records

The heart and soul of General Motors’ brands is doing some pretty excellent things currently. It’s been easy to overlook since many investors have the financial crisis and the automaker’s bailout burned into their minds — and that’s fair. But General Motors (GM 1.08%) has been pouring investments into its brands and electric vehicles (EVs) […]

4 mins read

Bitcoin, AI, and the unstoppable deficit train

Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Lyn Alden is an exceptional human. Broadly recognized as one of the top minds in macroeconomics, during a conversation with Lyn, you can feel […]

19 mins read

3 Reasons to Buy Carnival Stock Like There’s No Tomorrow

Shares of this leading cruise line operator have more than doubled in the past 12 months. Carnival (CCL -2.27%) continues sailing in the right direction, something its shareholders have become extremely optimistic about. That’s not a surprise, given that the cruise line business was decimated by the COVID-19 pandemic. However, the company is on much […]

4 mins read