Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal

Qualcomm agreed to acquire the AI software company Modular for about $3.9 billion, in a bid to make artificial intelligence faster and cheaper for its customers.

Memory-Chip Giant SK Hynix Seeks to Raise $29 Billion in U.S. Listing

The deal would be one of the biggest share sales in history, comparable to Saudi Aramco's 2019 IPO.

Hertz Dampens Guidance Amid Struggling Used-Car Market