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4 Things to Know About the GameStop Insanity

4 Things to Know About the GameStop Insanity
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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Examining Kelly Loeffler's Ties to the NYSE After the Capitol Rampage

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As she campaigned to keep her seat, Senator Kelly Loeffler of Georgia aligned herself with President Trump.Credit.Brynn Anderson/Associated Press
Now what?
Andrew here. As companies across the U.S. condemn the attack on the Capitol and try to distance themselves from Republicans who challenged the election result, one may have a harder time than most separating itself from the controversy: Intercontinental Exchange, or ICE, the parent company of the New York Stock Exchange.
Its C.E.O. is Jeffrey Sprecher, who is married to Senator Kelly Loeffler, the Georgia Republican who lost her seat in last week’s runoff election. Ms. Loeffler ran as an unabashed supporter of President Trump, and up until the mob stormed the Capitol she planned to object to the Electoral College count. She “was one of the loudest amplifiers of falsehoods about supposed voter fraud in Georgia,” according to NPR. “Election administrators there begged for weeks for officials to stop ....

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Hedge Fund Urges Intel To Explore Going Fabless, Selling 'Failed Acquisitions'

Hedge Fund Urges Intel To Explore Going Fabless, Selling ‘Failed Acquisitions’
‘Without immediate change at Intel, we fear that America’s access to leading-edge semiconductor supply will erode,’ Third Point founder Daniel Loeb said in a letter to the chipmaker’s board, calling for Intel to explore whether it ‘should remain an integrated device manufacturer.’
By
Dylan Martin December 29, 2020, 02:50 PM EST
New York-based hedge fund Third Point LLC has taken a “significant stake” in Intel and is calling for the semiconductor giant to explore selling its manufacturing operations and “failed acquisitions” to combat declining market share and customers making their own chips. ....

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