Intel’s stock rises as investors hope memory chips can mark the next step in its turnaround
A report says Intel is in early talks with SK Hynix, which is considering some sort of partnership that would enable it to make memory chips in the U.S.
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Peter Hungerford Has Six Weeks to Save Rochester Investment
Peter Hungerford has six weeks to save a Rochester investment that shares his name. An auction for Rochester’s “Hungerford Building” — named for a distant relative of the Staten Island real estate investor — has been scheduled for Oct. 29. The lender filed a foreclosure case in September 2025 and has moved to take the…
Purchase applications slide as rates remain above year-ago levels in August
Mortgage application volumes decreased last week, reversing the modest gains observed in the first week of August, the Mortgage Bankers Association (MBA) said Wednesday. The MBA’s Market Composite Index, a measure of mortgage loan application volumes, fell 0.4% on a seasonally adjusted basis over the week ending Aug. 14, driven by a pullback in purchase…
Baker Hughes total rig count +1 at 580
The Baker Hughes Rig count for the current week showed: Total U.S. rigs: 580 up +1 Oil rigs: 445 Unchanged Gas rigs: 126 up +1 The price of crude oil is currently trading at $71.20 down $0.88 or -1.21% on the day. The low price for the day reach $70.77. The high price was at…
Newsquawk week ahead: RBA announcement and US retail sales
Mon: BoJ Summary of Opinions Tue: RBA Announcement Wed: German Final Inflation (Jul), IEA OMR, OPEC MOMR, US CPI (Jul) Thu: Norges Bank Announcement, UK GDP (Q2), US PPI (Jul) Fri: EZ Employment (Q2) and GDP 2nd Estimate (Q2), US Retail Sales (Jul), US University of Michigan Prelim (Aug) BoJ Summary of Opinions (Mon): The…
Hilton Istanbul Bosphorus is where the golden age lingers
Istanbul has existed in its various guises for millennia, straddling Europe and Asia across the Bosphorus. It is a cosmopolitan city. Here, you will find former Byzantine churches, many today serving as mosques, standing beside bazaars and rooftop restaurants frequented by tourists from all over the world. That centuries-old charm is still evident in the…
As AI upends financial services, could governance become an advantage?
How to govern for AI risk While Naqvi emphasizes that there are a host of potential pathways for AI adoption in financial services, she believes that certain core principals need to be held to for appropriate governance to work. That begins with an acknowledgement that the same human and firm responsibilities apply even when decision…
