Intel (INTC) is teaming up with Elon Musk in his new Terafab project, a joint venture between the tech billionaire's Tesla (TSLA), SpaceX (SPAX.PVT), and xAI to begin construction of a chip design facility.Yahoo Finance Tech Editor Dan Howley breaks down the news.
Intel (INTC) is teaming up with Elon Musk in his new Terafab project, a joint venture between the tech billionaire's Tesla (TSLA), SpaceX (SPAX.PVT), and xAI to begin construction of a chip design facility.Yahoo Finance Tech Editor Dan Howley breaks down the news.
TikTok advertising leader Khartoon Weiss is leaving the short-form video company, joining a wave of American executives stepping down over the past year. Weiss is departing to pursue a new opportunity, the company said Tuesday. She had been at the video service nearly six years, most recently in charge of TikTok’s global brands and agency business for North America. Other recent departures have in...
TikTok advertising leader Khartoon Weiss is leaving the short-form video company, joining a wave of American executives stepping down over the past year. Weiss is departing to pursue a new opportunity, the company said Tuesday. She had been at the video service nearly six years, most recently in charge of TikTok’s global brands and agency business for North America. Other recent departures have included global head of creators, Kim Farrell, who left earlier this year after almost six years, and Blake Chandlee , who departed in 2025 after leading advertising and marketing for six years. Michael Beckerman, a public policy executive who helped lead TikTok’s fight against a US ban, also exited last year, as did music chief Ole Obermann. And Erich Andersen , who served as US-based general counsel for TikTok and its Chinese parent ByteDance Ltd., left that role in 2024. Though ByteDance spun off key parts of its US business in January — part of a national security deal brokered by the Trump administration — the Chinese company remains in control of the advertising and marketing arm. In March, Weiss was the star of TikTok’s first major event since this tumultuous regulatory saga came to a close following more than half a decade. “We’re going to kick into fifth gear,” Weiss said at the event. “We’re going to completely accelerate.” In a memo this week, Weiss told advertisers that a search was underway for a replacement. The message was first reported by Digiday . ByteDance regularly restructures TikTok teams and shuffles leaders. In some cases , it’s enlisted leaders or personnel who worked in China, angling to replicate the success it’s enjoyed in that country with TikTok’s sister app, Douyin.
Acting Attorney General Todd Blanche , newly minted as the nation’s top law enforcement officer, said he doesn’t feel pressure to carry out retribution against Donald Trump ’s political enemies even as he pledged fidelity to the president’s agenda. “It is true that some of” the thousands of investigations and prosecutions the DOJ is managing “involve men, women and entities that the president in t...
Acting Attorney General Todd Blanche , newly minted as the nation’s top law enforcement officer, said he doesn’t feel pressure to carry out retribution against Donald Trump ’s political enemies even as he pledged fidelity to the president’s agenda. “It is true that some of” the thousands of investigations and prosecutions the DOJ is managing “involve men, women and entities that the president in the past has had issues with and that he believes should be investigated,” Blanche said Tuesday during his first press conference since Trump named him to run the department until a permanent replacement is found for Pam Bondi , who was fired last week. “That is his right and, indeed, it is his duty to do that,” Blanche said. “And so I do not view this as pressure.” Blanche, who had been Bondi’s chief deputy after a stint as Trump’s personal lawyer, stepped into the spotlight to lead the Justice Department during an uncertain and turbulent time. Bondi had drawn the ire of Trump and his political allies. The department has been reeling from controversies that include its handling of the release of millions of documents and files related to sex trafficking by the late financier Jeffrey Epstein and criticism over efforts to prosecute Trump’s perceived political enemies. Blanche said he didn’t know why Bondi was forced out. He reiterated his belief that the Justice Department under former President Joe Biden was weaponized against Trump. He said he doesn’t view the department under Trump as carrying out unjustified actions to investigate and prosecute the president’s perceived enemies, or purge the agency of prosecutors who worked on cases against Trump. “If you were a prosecutor and you were trying to prosecute your boss, you have ethical duties as a lawyer that, I think, prevent you from continuing to work in that environment,” Blanche said. Thousands of prosecutors and FBI agents have been fired or resigned since Trump’s second term began in January 2025. However, many prosec...
tupungato/iStock Editorial via Getty Images Bank of America ( BAC ) is scheduled to report its Q1 2026 results next week, and the report will be loaded with high expectations as investors will be looking for clues that the banking sector could withstand the ongoing market uncertainty. Just a couple of months ago, in the early days of 2026, the banking sector appeared unstoppable, with the State St...
tupungato/iStock Editorial via Getty Images Bank of America ( BAC ) is scheduled to report its Q1 2026 results next week, and the report will be loaded with high expectations as investors will be looking for clues that the banking sector could withstand the ongoing market uncertainty. Just a couple of months ago, in the early days of 2026, the banking sector appeared unstoppable, with the State Street Financial Select Sector SPDR ETF ( XLF ) up nearly 17% on a 12-month basis. Bank of America was among the best large-cap performers in the space with a total return of almost 24%. YCharts In early January I also warned investors against certain risks that were lurking beneath the surface and retained my hold rating on BAC. Since then, things have turned for the worse, with both BAC and XLF falling by more than 8% over the course of 3 months. Data by YCharts As expected, BAC's elevated price/book multiple has come down from its multi-year highs, and this could now be reason enough for some investors to turn bullish on the stock. The problem is that the upcoming quarter could turn sour for investors, as some macro risks could weigh on not only the quarterly results but the rest of the fiscal year as well. Data by YCharts A Changing Landscape BofA's share price performance in 2025 was largely driven by the ongoing bull market in equities and the strong growth of the bank's net interest income (NII). The annual growth rate of NII from 2015 to 2024 was 4%, and it accelerated to 7% in FY 2025 and 10% in the last quarter of the year. BofA Investor Presentation When the company reported its Q4 2025 results, however, the guidance for 2026 was for NII to grow within the 5% to 7% range. Although this might seem like a slowdown from 2025, it is still above the historical average. The management, however, highlighted the fact that this forecast was based on the yield curve and the anticipation of two rate cuts in 2026. With regard to a forward view of NII, let me give you a few tho...
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 3.8% in the afternoon session after reports surfaced that the company might face significant engineering delays for its highly anticipated foldable iPhone.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 3.8% in the afternoon session after reports surfaced that the company might face significant engineering delays for its highly anticipated foldable iPhone.
In this episode of Motley Fool Money , Motley Fool contributors Travis Hoium, Andy Cross, and Lou Whiteman discuss: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
In this episode of Motley Fool Money , Motley Fool contributors Travis Hoium, Andy Cross, and Lou Whiteman discuss: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
Getty Images The Direxion Daily Technology Bull 3X ETF ( TECL ) is a leveraged exchange-traded fund designed to provide investors with 300% the daily performance of the Technology Select Sector Index. With the market off to a rocky start in 2026, exacerbated by heightened geopolitical and macroeconomic uncertainty, I believe there may be opportunities for investors to exploit market volatility and...
Getty Images The Direxion Daily Technology Bull 3X ETF ( TECL ) is a leveraged exchange-traded fund designed to provide investors with 300% the daily performance of the Technology Select Sector Index. With the market off to a rocky start in 2026, exacerbated by heightened geopolitical and macroeconomic uncertainty, I believe there may be opportunities for investors to exploit market volatility and realize an appealing return when trading TECL. Given the risky nature and structure of the fund, TECL should only be utilized for daily exposure, as longer holding periods may result in compounded, unsalvageable losses. For those seeking short exposure, traders may consider the 3x Bear ETF ( TECS ). Investment Assessment The technology sector has faced significant pressure in recent months driven by multiple dynamics across the market. The most prevalent headwind was the recent software market decline , resulting from increasing fears of AI replacing the enterprise software platforms, particularly with advancements made by Anthropic’s ( ANTHRO ) Claude Cowork. Specific to the Technology Select Sector Index, software accounts for 32.70% of the Index weight, making its performance a critical factor for the overall Index. Another major headwind that recently emerged with the Iranian war is the growing concern of sourcing helium , a critical gas for producing advanced semiconductor wafers. Accordingly, Qatar supplies a third of the world’s helium supply, a gas produced through cryogenic distillation of natural gas. As a result of Iranian missile strikes on its infrastructure, Qatar’s state-owned gas company may lose 14% of its helium export capacity. With Q1’26 earnings around the corner, we should gain more insights into how impactful the supply chain disruption will be to the semiconductor market, which accounts for 38.65% of the Index weight. If semiconductor production were to decline as a result of constrained gas production, the technology hardware may inadvertently face...