To The Moon

Intel has just made a big-name hire, bringing in former SK Hynix CEO Seok-Hee Lee. While that might generate some speculation about a move to rival Micron Technology in memory chips, investors should probably focus on Intel's chip-packaging plans.Intel said late Thursday that it had appointed Lee as executive vice president of Intel Foundry, its chip-manufacturing business, reporting directly to CEO Lip-Bu Tan.Lee previously led South Korean memory-chip maker SK Hynix. At one point Intel was a world leader in memory chips -- now arguably the hottest sector in the artificial-intelligence trade -- but gradually exited the business, and in fact agreed to sell the remainder of its flash-memory business to SK Hynix in 2020."Seok-Hee's insights will help Intel further strengthen our system integration capabilities," said Intel CEO Lip-Bu Tan in a statement Thursday. "He is the right leader to build and scale this critical part of the Intel Foundry business as we prepare to ramp advanced pack

(Reuters) - Wall Street rallied on Monday, with the Dow completing its strongest session in over thr

Amazon Fresh grocery store with 'Just Walk Out' technology will also offer customers the option for

Walt Disney is 3.38% lower on its fiscal second-quarter earnings report, where revenues fell worse than expected and itshighly watched Disney Plus subscriber numbers fell short of expectations.Revenues fell 13.3% to $15.6B, some $320M short of consensus, as streaming didn't mitigate parks losses as much as expected. And profitability measures by contrast came in ahead of expectations.EPS excluding certain items rose 32% to $0.79, however. . But Disney Plus subscribers hit 103.6M. That's roughly

* Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10 - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs."The market leader