Intel is selling off its majority share in chip-maker Altera as part of its new CEO's first steps toward stabilizing the company. The 51 percent stake sold today for $4.46 billion in a deal that is expected to close in the second half of this year.
Lucid Motors has announced that it's acquiring certain facilities in Arizona owned by Nikola, an EV truck maker that filed for Chapter 11 bankruptcy protection back in February.
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all accounts in one place and monitor credit scores. I also used it regularly to help me track spending, set goals like pay my mortgage down faster and with general money management.
Tesla has reported its first-ever decline in annual deliveries. The total number of deliveries for 2024 hovers at around 1.78 million, but the company delivered 1.81 million vehicles in 2023. Company shares fell by as much as seven percent at the news, but has since rallied a couple of points.
CNBC is getting in on the streaming game with a service called CNBC+. The platform will have a global livestream with financial news happening in the US, UK and Asian markets. Subscribers can also watch full show episodes on demand. The service is available via iOS and Android apps or on cnbc.com.
Terraforms Labs CEO Do Kwon spent the last day of 2024 getting extradited to the US, Reuters reports.
Following months of speculation, OpenAI has finally shared how it plans to become a for-profit company. In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025.
Almost a year ago, I was prompted to look for another budgeting app. Intuit, parent company of Mint, the budgeting app I had been using for a long time, shut down the service in March 2024.
Former cryptocurrency leader Alex Mashinsky has pleaded guilty to two fraud charges. The founder and CEO of Celsius Network was indicted on seven criminal counts in 2023, including charges of fraud, conspiracy and market manipulation. He entered a not guilty plea at the time, but in a hearing today, Mashinsky pled guilty to two of those original counts.
Vizio is now a member of the Walmart corporate empire. The retail company announced the completion of its $2.3 billion acquisition of the TV manufacturer on Tuesday.