Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO) – Intel launched its sixth-generation Xeon processors for servers and Gaudi 3 AI accelerators at competitive prices, aiming to regain market share in the data center sector dominated by AMD. The new chips promise greater efficiency and performance, essential for AI applications and data center operations. Additionally, Apollo Global Management will acquire 49% of Intel’s Fab 34 factory in Ireland for $11 billion. This deal allows Intel to redistribute part of the investment to other businesses while maintaining full control of the facility. Intel invested $18.4 billion in the facilities.

BlackRock (NYSE:BLK) – BlackRock and Citadel Securities, backed by approximately $120 million in funding, are organizing the creation of the Texas Stock Exchange, based in Dallas. The companies plan to register the new exchange with the SEC this year, compete for listings, and begin operations in 2025, with the first listing expected in 2026.

New York Community Bancorp (NYSE:NYCB) – New York Community Bancorp announced the expansion of Joseph Otting’s role to include the title of Executive Chairman, while Alessandro DiNello will step down as non-executive chairman but continue as a director and senior advisor.

Axos Financial (NYSE:AX) – Hindenburg Research announced a short position in Axos Financial on Tuesday, citing inadequate risk management and loose underwriting standards. This led to a 7.4% drop in Axos’ stock in yesterday’s regular trading session, which defended itself by stating the allegations are misleading. Axos’ exposure to the risky commercial real estate market is growing, contrary to the industry’s trend.

Citigroup (NYSE:C) – Viswas Raghavan assumed the role of head of Citigroup’s banking division in New York, after leaving JPMorgan, where he was head of investment banking. Citigroup CEO Jane Fraser highlighted the high expectations for Raghavan’s potential to revitalize the bank’s multinational corporate client division.

Deutsche Bank (NYSE:DB) – Deutsche Bank partnered with Austrian cryptocurrency broker Bitpanda to manage deposits and withdrawals in Germany, offering users local bank account numbers. Additionally, Deutsche Bank reinstated Simon Leopold as vice chairman of the real estate, gaming, hospitality, and leisure group. Leopold, with extensive experience in the real estate sector and stints at major institutions, will help expand the bank’s coverage in these sectors.

Cisco Systems (NASDAQ:CSCO) – Cisco launched a $1 billion fund to invest in AI startups, already committing $200 million to companies like Cohere, Mistral AI, and Scale AI.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) – Taiwanese chipmaker TSMC stated that despite increasing tensions with China, it would be impractical to move its factories out of Taiwan, as 80-90% of its production capacity is concentrated on the island. The company discussed this possibility with some customers but concluded that such a move is unfeasible. Additionally, due to U.S. sanctions, some Chinese AI chip companies are designing less powerful processors to maintain access to TSMC production, complying with restrictions. This is part of U.S. efforts to limit China’s advancement in AI and supercomputing.

NXP Semiconductors NV (NASDAQ:NXPI) – NXP Semiconductors and Vanguard, partially owned by TSMC, will build a $7.8 billion factory in Singapore. This move is part of efforts to diversify global semiconductor production, reducing reliance on areas subject to geopolitical tensions, like Taiwan and China.

ASML Holding NV (NASDAQ:ASML) – ASML will deliver its high-tech chip manufacturing machines to TSMC and Samsung Electronics later this year. These high-NA extreme ultraviolet machines, crucial for semiconductor advancement, have already been ordered by Intel and are essential for AI applications and advanced electronic devices.

Microsoft (NASDAQ:MSFT) – Microsoft President Brad Smith announced that the company is willing to offer more concessions to end a European Union antitrust investigation. The investigation focuses on the integration of the Teams app into Office 365 packages, which was deemed anticompetitive after complaints from Slack. Additionally, Microsoft is supporting Touchcast Inc., a New York startup raising $100 million to improve AI system efficiency. Touchcast aims to store and provide answers to common AI queries, minimizing resource use, cutting costs, and speeding up responses.

Alphabet (NASDAQ:GOOGL) – Keith Enright, Google’s Chief Privacy Officer, will leave the company after 13 years. His departure is part of a broader reorganization within the privacy teams, shifting responsibilities to various product management teams as the company expands its regulatory compliance workforce.

Meta Platforms (NASDAQ:META) – Former Meta engineer Ferras Hamad has sued the company for wrongful termination and discrimination, alleging he was fired for trying to correct flaws that suppressed Palestinian posts on Instagram during the Gaza war. He accused Meta of bias, highlighting unequal treatments in investigations of flag emoji usage compared to other nationalities.

Trump Media & Technology Group (NASDAQ:DJT) – Trump Media CEO Devin Nunes has requested Nasdaq’s cooperation in investigations into alleged market manipulation by “naked” short sellers. Nunes asked Nasdaq to share trading data related to suspicious activities on certain dates, citing anomalies and specifically targeting firms like Citadel Securities.

Paramount Global (NASDAQ:PARA) – Shari Redstone, chairwoman of Paramount Global, is dissatisfied with Skydance Media’s reduced offer for the family’s controlling stake in the company. This has opened opportunities for competitors to submit their bids after Skydance CEO David Ellison lowered the initial $2.5 billion offer.

AT&T (NYSE:T) – AT&T announced it has resolved a technical issue that hindered calls to other mobile carriers on Tuesday night. The FCC investigated the incident that affected customers in several states, but the situation was normalized after collaboration between the involved companies.

Netflix (NASDAQ:NFLX) – Netflix settled a defamation lawsuit with Linda Fairstein, a former prosecutor involved in the Central Park Five case, avoiding trial. Instead of financial compensation, Netflix will donate $1 million to the Innocence Project. The agreement also includes adjustments to the series “When They See Us” to clarify dramatic fictions.

Amazon (NASDAQ:AMZN) – The Amazon Labor Union plans to partner with the International Brotherhood of Teamsters to strengthen its position in negotiations with Amazon. This partnership comes after challenges, including internal conflicts and lost elections, aiming to boost efforts for an agreement with workers at a New York warehouse.

eBay (NASDAQ:EBAY), American Express (NYSE:AXP) – eBay will stop accepting American Express cards starting August 17 due to high processing fees charged by Amex. This decision follows long negotiations over interchange fees, with eBay considering the costs unacceptably high compared to other networks like Visa and Mastercard.

GameStop (NYSE:GME), Morgan Stanley (NYSE:MS) – Massachusetts securities regulators are investigating Keith Gill, known as “Roaring Kitty,” for his trading activities related to GameStop during the 2021 meme stock frenzy. Meanwhile, news that Morgan Stanley’s online platform E*Trade might ban Gill has sparked negative reactions on social media, with threats of boycotting the platform.

Hindalco Industries (USOTC:HNDNF) – Hindalco Industries announced that its U.S. subsidiary Novelis has postponed its IPO due to unfavorable market conditions. Novelis, which expected a valuation of up to $12.6 billion and to raise up to $945 million, will reassess the right timing for the IPO.

Archer-Daniels-Midland (NYSE:ADM) – Camille Batiste, senior vice president of global supply chain and procurement at Archer-Daniels-Midland, will leave the company next month to pursue new opportunities after seven years of service. The departure comes amid corrections in ADM’s financial statements and investigations into its accounting practices.

Tesla (NASDAQ:TSLA) – According to Reuters, several institutional investors in Tesla, including major mutual funds and investment managers, are selling their shares, discouraged by signs of declining growth. Tesla’s shares have fallen about 30% this year and more than 50% since 2021, amid increasing competition and declining sales. In May, Tesla’s electric vehicle sales in China fell 6.6% year-over-year to 72,573 units, marking the second consecutive month of decline. This decrease follows a reduction in Model Y production at its Shanghai factory in response to declining demand. Additionally, Tesla will halt production at its German factory in Gruenheide for five days in June, the third pause this year. In other news, Elon Musk highlighted that Nvidia hardware represents about two-thirds of the cost to build AI superclusters. Tesla plans to spend between $3 billion and $4 billion on Nvidia hardware this year as part of a broader $10 billion AI investment.

Stellantis (NYSE:STLA) – Stellantis expects its Italian factories to operate at full capacity by 2030, driven by new models, including hybrids. Despite recent tensions with the Italian government over production transfers, the company plans to reach production of one million vehicles.

Toyota Motor (NYSE:TM) – Toyota will recall over 100,000 SUVs and pickups in the U.S. due to debris risks in the engine, which could cause sudden vehicle shutdowns. The recall affects certain Toyota Tundra pickups and Lexus LX600 SUVs. The NHTSA stated that a solution to the problem is being developed. In Japan, authorities are investigating Toyota and other automakers for irregularities in vehicle certification processes. The scandal, which started at Daihatsu, a Toyota subsidiary, involved data falsification and led to a sector-wide review. Toyota was the first inspected, with limited market repercussions due to the prevalence of the problem among competitors.

Ford Motor (NYSE:F) – Ford’s U.S. auto sales grew 11% in May, driven by strong demand for SUVs, pickups, and hybrid vehicles.

Nio (NYSE:NIO) – The Chinese electric vehicle manufacturer received approval to build a third factory in China, raising its approved production capacity to 1 million cars per year. This development puts Nio’s production capacity almost on par with Tesla’s large factory in Shanghai.

Boeing (NYSE:BA) – Boeing CEO David Calhoun confirmed he will step down by the end of the year after a tenure marked by safety crises. He expressed support for Stephanie Pope as his successor, though the final decision rests with the board, which he will fully support. Additionally, U.S. lawmakers, led by Representative Rick Larsen, are demanding access to Boeing’s detailed quality improvement plan submitted to the FAA to assess proposed measures after recent systemic safety and quality control issues highlighted by the administration. Meanwhile, Boeing will attempt for the third time to launch its CST-100 Starliner space taxi with a human crew for NASA after technical issues and two canceled launches. Astronauts Sunita Williams and Barry Wilmore are expected to lift off from Cape Canaveral, Florida, on a mission to test the spacecraft’s capability to safely transport people to the ISS.

United Airlines (NASDAQ:UAL) – Due to delays in Boeing aircraft deliveries, United Airlines revised its hiring forecasts for 2024 downward, now planning to add about 10,000 new employees instead of the initially projected 13,000 to 15,000. United Airlines is receiving six Boeing 737 Max 9s per month and adjusted plans to incorporate fewer units of the larger 737 Max 10 due to ongoing delays. CEO Scott Kirby discussed these changes at the IATA conference in Dubai, indicating that the delays influenced the company’s fleet strategy.

American Airlines (NASDAQ:AAL), JetBlue (NASDAQ:JBLU) – American Airlines is appealing a court decision that prohibits its partnership with JetBlue, arguing that eliminating JetBlue as a competitor is not inherently anticompetitive. The company claims that blocking the Northeast Alliance, which sought to improve competition in New York and Boston, was based on a misunderstanding of antitrust laws.

General Mills (NYSE:GIS) – Eight Black employees sued General Mills, alleging systemic racism at an Atlanta factory managed by a group of white managers nicknamed the “Good Ole Boys.” They claim they were subjected to stricter standards and discriminatory promotion practices and are seeking compensation for damages suffered.

McDonald’s (NYSE:MCD) – McDonald’s lost the right to use the term “Big Mac” for poultry products in the European Union after not using it for five years, the General Court of Europe ruled. This decision, which can be contested, is the result of a trademark dispute with the Irish restaurant Supermac.

Nike (NYSE:NKE) – As part of a multi-year cost-cutting plan, Nike is making staff cuts at its European headquarters in the Netherlands, affecting about 2% of its global workforce. These cuts aim to save $2 billion and align with the company’s broader restructuring, including layoffs in the U.S. and at its Converse subsidiary.

Illumina (NASDAQ:ILMN) – Illumina’s board approved the spinoff of Grail after the deal faced strong antitrust opposition and from investors like Carl Icahn. Illumina shareholders will receive one Grail share for every six Illumina shares, maintaining a 14.5% stake in Grail after the spinoff on June 24.

Johnson & Johnson (NYSE:JNJ) – A jury in Oregon, USA, ordered Johnson & Johnson to pay $260 million to a woman who claims she developed mesothelioma, a cancer associated with asbestos exposure, by inhaling the company’s talc. The verdict comes amid negotiations for a $6.48 billion settlement to resolve similar talc-related litigation.