Chinese rivals and Tesla are exposing competitive weaknesses at Europe’s biggest mass-market car makers.
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The Biden administration is in talks to award more than $10-billion in subsidies to Intel, a report said.
At the heart of the exodus is a scarcity of the dollars international businesses need to repatriate earnings.
Shares in Alphabet sank after a report that OpenAI is developing a web search product to rival Google.
Google has announced an initiative to provide artificial intelligence tools and investments to bolster online security.
Cisco said it will cut 5% of its global workforce, or more than 4 000 jobs, and lowered its annual revenue target.
Bitcoin’s 22% year-to-date gain has helped to lift the market capitalisation of digital assets above $2-trillion.
Nvidia eclipsed Alphabet as the third most valuable US company on Wednesday, just after overtaking Amazon.
Bank of America strategist Michael Hartnett has said the frenzy is beginning to resemble the dot-com bubble.
Sony has slashed the full-year sales forecast for its PlayStation 5 console amid weaker-than-expected holiday sales.