Tag: Trucking
-
Teamsters prep for strike after trucker Yellow Corp. misses deadline for benefits contributions
[ad_1] The International Brotherhood of Teamsters issued a strike notice Tuesday, after the union said Yellow Corp.’s failure to make a “critical” payment to health care and pension funds could lead to benefit suspensions. “Yellow has a responsibility and obligation to workers,” said Teamsters General Secretary-Treasurer Fred Zuckerman. “Our members should not suffer because of…
-
The nation’s biggest banks are gearing up for more consumer struggles ahead
[ad_1] JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.” But with rivals like Bank of America Corp., Goldman Sachs Group Inc. and American Express Co. set to report quarterly results this week, recession agita still prevails.…
-
Opinion: Intel confirms it will be a long slog for its foundry business
[ad_1] In an hour-long webinar Intel Corp. hosted for Wall Street analysts to provide updates on its contract manufacturing business, the company confirmed that it would be a long slog for investors. Shares of the world’s second-largest semiconductor company fell nearly 5% on Wednesday, following Tuesday’s lesser tumble of 3.8%, when Intel INTC, -6.00% was…
-
Why Intel is the Dow’s worst performer for the second day in a row
[ad_1] Intel Corp.’s stock was on track to be the worst on the Dow Jones Industrial Average for a second day in a row Wednesday after the chip maker seeks to compete against third-party fab giant Taiwan Semiconductor Manufacturing Co. Intel’s INTC, -4.99% shares, which had been down about 2% before an event with Wall…
-
As AI is deployed, these 18 semiconductor companies are expected to grow most quickly
[ad_1] Now that investors and analysts have had a few weeks to digest Nvidia Corp.’s artificial-intelligence bombshell on May 24, it is time to screen semiconductor stocks to see which players in this dynamic industry are expected to grow most rapidly through 2025. With Nvidia NVDA predicting a 50% sequential increase in quarterly sales, and…
-
Cathie Wood fund makes its first purchase of Taiwan Semiconductor
[ad_1] Cathie Wood may have sold most of her firm’s stake in Nvidia right before it benefited from artificial intelligence demand, but now she is investing in a company benefiting from the AI push. ARK Autonomous Technology & Robotics ETF ARKQ, +1.94% purchased roughly $10 million shares of Taiwan Semiconductor Manufacturing Co. TSM, +4.14% on…
-
TSMC stock gains on report that Nvidia AI-chip order has boosted production
[ad_1] Taiwan’s Economic Daily News reported that TSMC was now using 70% to 80% of its 5-nanometer transistor-making capacity because of Nvidia orders. AFP/Getty Images U.S. shares of Taiwan Semiconductor Manufacturing Co. outpaced the broader chip sector Monday following a report that increased AI-related orders from Nvidia Corp. have allowed the third-party fabricator to increase…