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Intel's Mobileye unit valued at $22 billion as shares rise

Intel’s Mobileye unit valued at $22 billion as shares rise

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Oct 26 (Reuters) – Shares of Mobileye Global Inc (MBLY.O) rose 30% in the early afternoon on Wednesday after its U.S. debut, valuing Intel Corp’s standalone technology unit ( INTC.O) to $21.8 billion as investors swallowed what could be the last major IPO of 2022. The debut comes after a turbulent period when Mobileye settled …

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Wall St Week Ahead As US markets turn, some are sticking to the rare winner of 2022: energy stocks

Wall St Week Ahead As US markets turn, some are sticking to the rare winner of 2022: energy stocks

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NEW YORK, Oct 14 (Reuters) – Heartbreaking market volatility and attractive valuations are prompting some investors to maintain their bullish view on energy stocks, one of the few bets to thrive in an otherwise trying year. It’s not an easy call. The S&P 500 energy sector is already up around 48% this year and tighter …

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