Applied Materials and Intel deepen cooperation on AI chips
Semiconductor companies Applied Materials and Intel are working together to accelerate the development of next-generation transistors, interconnect technology and advanced chip packaging for AI. The work covers advanced logic nodes and Foveros-based 3D stacking with higher interconnect density, improved power delivery and thermal management. The collaboration is being conducted at Applied Materials’ EPIC Center in […]
Charles Schwab sells Forge Trust to Alto
The online broker Charles Schwab has agreed to sell Forge Trust, which provides custody services for retirement accounts, to the investment platform Alto. Following the transaction, Alto and Forge Trust are expected to have more than 20 billion dollars in assets under custody and administration combined. The business will comprise more than 60,000 IRA accounts […]
Kalmar recalls certain Ottawa T2 vehicles in the US following electrical fault
Finnish engineering company Kalmar has announced a recall of certain Ottawa T2 terminal tractors in the US after a fault in the power distribution board in the cab caused heat generation in very rare cases. The incidents concerned account for less than 0.001 percent of the Ottawa T2 fleet. Kalmar will install an additional fuse […]
US trade balance -105.6 billion dollars in August, expected -102.1
US trade balance -105.6 billion dollars in August, expected -102.1
Canada’s trade balance +4.20 billion Canadian dollars in August, expected +1.50
Canada’s trade balance +4.20 billion Canadian dollars in August, expected +1.50
Prime Minister: Sweden to send air defence system to Poland (update 2 )
(update with more details) Sweden will send an air defence system to Poland, Prime Minister Ulf Kristersson (M) said at a press conference. SVT writes that the mission of the Swedish unit is to protect a military base near the Russian border against hostile missiles. It is the Patriot system that Sweden has decided to […]
US trade balance deficit larger than expected in August
The US trade balance deficit amounted to USD 105.6 billion in August. The previous month showed a deficit of USD 92.8 billion (revised from -88.6). According to Bloomberg, the market expected a deficit of USD 102.1 billion. US, USD billionAugust 2026ConsensusChange vs consensusJuly 2026RevisedTrade balance-105.6-102.1-88.6-92.8Exports, MoM, percentage change1.41.216.7%-2.1Imports, MoM, percentage change4.34.22.4%2.83.9Consensus data from Bloomberg
UPM and Sappi get more time for EU remedies
The European Commission is extending the deadline by 20 working days to 9 December for UPM-Kymmene and Sappi to propose remedies regarding their paper joint venture, valued at EUR 1.42 billion. The companies are planning remedies but no divestments. The Commission fears that the transaction, which would create Europe’s largest player, could limit competition in […]
Affärsvärlden issues a Buy rating for Softronic
Affärsvärlden issues a Buy rating for the IT consulting company Softronic in an analysis on Tuesday. Many IT consultants have had a tough time on the stock market, and Softronic is no exception, the publication notes. The big question now is whether IT consultants can retain their role and margins when AI makes the work […]
Rothschild & Co Redburn initiates coverage of Northrop Grumman with a Buy rating and a price target of 680 dollars
Rothschild & Co Redburn initiates coverage of Northrop Grumman with a Buy rating and a price target of 680 dollars
