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Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) The S&P 500 and the Nasdaq tumbled on Wednesday as banks slid after quarterly results and hot inflation data boosted bets of interest rate hikes, pressuring beneficiaries of the AI buildout sensitiv
* Shares of chip company GlobalFoundries rise 5.1% to $49.50 premarket * Japan to invest up to $21 bln in two New York chip factories, to be jointly owned by US govt and Japanese interests and operated by GFS * The US to take a stake, but Japan to provide all investment capital * In a separate deal, the US govt to take