Intel under pressure from investors

Intel under pressure from investors

Hedge fund Third Point urges Intel to explore deal options.

  • Activist hedge fund Third Point LLC is pushing #Intel Corp to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker's chairman.
  • Coinbase said it will suspend trading of #XRP, the cryptocurrency at the heart of an SEC lawsuit against #Ripple Labs.
  • U.S. stocks rallied, with each of Wall Street's main indexes closing at record levels as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill increased optimism for economic recovery.

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