Intel (INTC) announced that its Programmable Solutions Group will operate as a standalone business starting on January 1, 2024. The company says it will look to explore an IPO for the business and that it 'may explore opportunities with private investors,' with Intel retaining a majority stake. Sandra Rivera has been named CEO of the business. Yahoo Finance Live breaks down the announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
) announced that its Programmable Solutions Group will operate as a standalone business starting on January 1, 2024. The company says it will look to explore an IPO for the business and that it"may explore opportunities with private investors," with Intel retaining a majority stake. Sandra Rivera has been named CEO of the business. Yahoo Finance Live breaks down the announcement.
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Billionaire investor Bill Ackman says he would be 'absolutely' interested in a deal with Elon Musk's X However, Ackman — who is worth $3.6 billion as of Sunday — told the WSJ he doesn't know if X is interested, or if the deal is doable.Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows.
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