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UK public sector borrowing sees second highest August on record FTSE rises
UK public sector borrowing sees second highest August on record FTSE rises

European stocks recovered some of yesterday's losses on Tuesday morning in London, as new data from the Office for National Statistics showed the UK's public sector borrowing had seen its second highest August on record.

pNetwork hacked - Over 12M USD worth of Bitcoin stolen!
pNetwork hacked - Over 12M USD worth of Bitcoin stolen!

Cross-chain DeFi platform pNetwork has been hacked on Binance Smart Chain to the tune of approximately $12.7 million worth of Bitcoin.

China's Evergrande is probably 'too big to fail': Market strategist
China's Evergrande is probably 'too big to fail': Market strategist

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday.

Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market
Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market

Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro landscape. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as a financial advisor

Exclusive: Intel CEO on the chip industry: You can't be a little player

Intel CEO Pat Gelsinger may be locked and loaded on bulking up the chip powerhouse as it seeks to dethrone rivals Taiwan Semiconductor Manufacturing and Samsung in the business of making semiconductors for other tech giants.


"It's a big, expensive industry to play in. The R&D demands are extraordinary, the capital demands are extraordinary for it. So you can't be a little player," Gelsinger said on his appetite for M&A in the foundry business on Yahoo Finance Live.

Intel (INTC) committed itself to making chips for other companies in a bid to increase industry capacity back in March near the start of Gelsinger's tenure as CEO. As part of that ambition, Intel is investing $20 billion to build new factories in Arizona.

More recently, the WSJ reported that Intel was eyeing a purchase of chipmaker GlobalFoundries for $30 billion. GlobalFoundries is among the biggest specialist players in the chip industry. The company was spun out of Advanced Micro Devices in 2008. It still counts AMD as a key customer, making any potential purchase by Intel (a rival to AMD) tricky.

Gelsinger declined to comment on the speculation around GlobalFoundries.

But it's somewhat clear Intel may have to pull the trigger soon on buying a foundry.

Intel said Monday it will begin making chips for Qualcomm and Amazon. Gelsinger told Yahoo Finance Live the company has 100 companies that have shown interest in using Intel to manufacture their chips.

"Overall the foundry business today is over a $100 billion market So we are going into a large market. I have set a goal that by the end of the decade we want to be the number two player in that market," said Gelsinger. "We expect this becomes a large growth opportunity for Intel over that period."


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