With two weeks remaining before the Nov. 5 election, Treasury yields rose on Monday due to concerns about the U.S. deficit, regardless of the election outcome. The increase in yields was driven by worries about the direction of the deficit under either candidate vying for the White House.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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