Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho

The new fab to be built near Syracuse, N.Y., could create 50,000 jobs, with production from it slated to start at the end of the decade. 


 
Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds

The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws. 


 
Alaska Air's stock up 1.6% after carrier's loss is narrower than expected

Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout 


 
Apple Pitches Its $3,500 Vision Pro Headset to Businesses. Will It Catch On?

Retailer Lowe's and software developer SAP are among the companies the tech giant is touting as proof of the device's usefulness to businesses. 


 
Nvidia's Biggest Manufacturer Doubles Down on AI

TSMC, the world's biggest contract chip maker, is reshaping its business to respond to booming AI-related demand, but capacity is "still not enough." 


 
Ericsson Lays Off More Than 200 Employees in China

Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally. 


 
Blackstone Posts Slight Earnings Beat, Raises $34 Billion in First Quarter

Total assets under management rise to $1.06 trillion in the first quarter at Blackstone. 


 
Spanish Beauty Group Puig Targets Close to $15 Billion Valuation in IPO

The Barcelona-based beauty company-which also owns the Carolina Herrera, Paco Rabanne and Nina Ricci fashion houses-has set the price range at EUR22.00 to EUR24.50 a share. 


 
D.R. Horton's stock rallies as limited home supply boosts profit and sales

D.R. Horton's stock rallied Thursday, after the home builder reported quarterly earnings that rose well above expectations, as the continued lack of housing supply helped boost sales. 


 
Grayscale's Once-Mighty Fund Is Bleeding Bitcoin

The asset manager has resisted a significant fee cut, insisting that rising bitcoin prices will continue to buoy its fortunes.


(END) Dow Jones Newswires

04-18-24 1515ET