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  • Advanced Micro Devices soars on rumored Intel deal
    Business
    The Street12 hours ago

    Advanced Micro Devices soars on rumored Intel deal

    Advanced Micro Devices (AMD) stock closed up 8.87% to $9.45 on Tuesday following reports that the global semiconductor company inked a licensing deal with rival technology firm Intel (INTC) . Advanced Micro is reportedly licensing its Radeon graphics processing unit for use in Intel's next generation of CPUs, Investors Business Daily reports. Intel currently holds a license for chipmaker Nvidia's (NVDA) technology, but that deal is set to expire in March. Although the Intel deal has not yet been confirmed, Advanced Micro Devices did tie up an extended three-year strategic partnership with software company Mentor Graphics (MENT) on Monday which will expand their agreement to create an embedded software ecosystem.

  • New York Post calls Amazon's new supermarket experiment 'the end of jobs'
    Business
    CNBC.com22 hours ago

    New York Post calls Amazon's new supermarket experiment 'the end of jobs'

    The New York Post on Monday called Amazon's register-less shopping experiment, Amazon Go, the "next major job killer" in the latest doomsday headline for retail workers. On Monday, the retail giant announced a new advanced supermarket where shoppers can grab items and go without waiting in checkout lines. Once customers leave the store, items are billed to their Amazon.com accounts. Following the announcement, reports by Quartz and The Wall Street Journal declared the experimental store might signal the end of "millions of cashier jobs." The New York Post's front page story on Tuesday called the store "the end of jobs." Correction: This article has been updated to reflect when the NY Post story

  • United Technologies CEO on Carrier deal: I wasn't born last night
    Politics
    CNBC.com2 days ago

    United Technologies CEO on Carrier deal: I wasn't born last night

    United Technologies is the parent company of furnace and air conditioner maker Carrier, which came under fire during Trump's campaign for its announced plans to close two Indiana plants and move production to an existing manufacturing facility in Mexico. Carrier will keep more than 1,000 jobs, but will still close another Indiana plant and send about 700 jobs to Mexico. If Trump's plans to revive manufacturing in the U.S. leads to a resurgence on American soil, Hayes said that is a good thing, and he believes Trump's team will be focused on it. "I think if we can see a renaissance in manufacturing in the U.S. that is a good deal for the U.S. But it's got to come from more thoughtful regulation, and a more competitive tax rate.