• Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico

    Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported […]

  • Biden Hails $20 Billion for Intel, Says Trump Lost Jobs to China

    (Bloomberg) -- President Joe Biden said his $20 billion award to Intel Corp. demonstrated his investments in US industries that had withered under Donald Trump’s tenure, touting a flurry of government spending he hopes will help him defeat his Republican rival in a general-election rematch.Most Read from BloombergBaltimore Wants to Sell Hundreds of Vacant Homes for $1 EachSam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain’Justice Department to Sue Apple for Antitrust...

  • Intel clinches nearly $20 billion in awards from Biden to boost US chip output

    The Biden administration said it is awarding Intel nearly $20 billion in grants and loans on Wednesday, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production. Biden will announce the preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, with some of the funding to be used to build two new factories and modernize an existing one. Commerce department...

  • Industrial Gearbox Market Projected to Grow with a Strong CAGR, with Growth of $8.44 Billion Projected by 2028

    Global Industrial Gearbox Market Global Industrial Gearbox Market Dublin, March 27, 2024 (GLOBE NEWSWIRE) -- The "Global Industrial Gearbox Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The latest comprehensive study on the Industrial Gearbox Market reveals promising growth prospects, with an expected compound annual growth rate (CAGR) of 4.22% from 2022 through 2028. This growth trajectory underscores the increasing applications of gearboxes

    • CNBC

    Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

    The White House said on Wednesday that Intel has been awarded up to $8.5 billion as part of the CHIPS Act.

  • Intel will receive up to $8.5 billion in funding, $11 billion in loans from the CHIPS Act

    The CHIPS Act is designed to boost semiconductor manufacturing in the US and improve innovation in the country, especially with the threat of a Chinese invasion constantly hanging over Taiwan, home of TSMC.Read Entire Article

  • indian gaming market revenue: Indian gaming market revenue may double to $6 billion by 2028: report

    India is the fastest-growing mobile gaming market and the annual revenue of the overall Indian gaming industry is expected to almost double to $6 billion by 2028 from $3.1 billion in 2023, a joint report by Interactive Entertainment and Innovation Council and online gaming firm Winzo said on Wednesday. The India Gaming Report 2024 based on Interactive Entertainment and Innovation Council (IEIC) analysis and secondary data, projects paying gamers to reach 240 million by 2028 from 144 million paid...

    • KTVZ

    The states with the most gambling revenue growth in 2023

    ATS.io mapped state-by-state commercial gaming revenue growth in 2023 using year-over-year data from the American Gaming Association.

  • RH stock rises despite Q4 revenue miss

    Luxury homeware retailer RH (RH) reported fourth-quarter results that missed analyst estimates on both the top and bottom lines. However, the company provided upbeat full-year revenue guidance, which likely contributed to a pop in the stock in after-hours trading. Yahoo Finance's Dani Romero analyzes headwinds the company faced that contributed to it's results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This...

  • AstraZeneca to buy Fusion Pharmaceuticals for up to $2.4 billion

    AstraZeneca is buying Fusion Pharmaceuticals for $2.4 billion as the London-listed group looks to build its presence in cutting-edge cancer treatments.

  • Micron Soars After AI Growth Helps Bolster Revenue Forecast

    (Bloomberg) -- Micron Technology Inc., the largest US maker of computer memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence hardware. Most Read from BloombergSam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain’Trump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamWhat Happens If Trump Can’t Post His $454 Million BondFed to Give Fresh Clues on Path of...

  • US pumps billions into Intel to boost domestic chip industry

    According to the White House, the US produces less than 10pc of the world’s chips and ‘none’ of the most advanced ones, outperformed by Asian counterparts. : US pumps billions into Intel to boost domestic chip industry