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Intel (INTC) stocks rally, adding over 8% in early trading after the announcement that CEO Bob Swan will be stepping down and replaced by VMware (VMW) CEO Pat Gelsinger.
During Swan’s tenure, the company faced a rocky period, as Intel faced delays in the next generation of chips while Apple announced that will use it’s own chips in it’s computers.
Pat Gelsinger has worked at Intel before as its first chief technology officer.
Gold above 1180/oz Gold XAUUSD is trading again in positive territory today for ninth session in the last eleven. US Dollar retracement was seen benefiting dollar-denominated commodities. The price is trading above the 50h MA […]
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
ICE, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that Citi has traded and cleared the first client-executed Credit Default Swap (CDS) Index Option trades in the U.S. through ICE Clear Credit.
