Intel has installed the first major structural truss at its long-delayed chip factory in Ohio, marking a visible construction milestone. The company has not yet announced a major outside customer for the plant, which is running at least five years behind schedule.
eBay will lay off about 1,000 employees, roughly 9% of its workforce, in its second round of job cuts this year. The e-commerce company said the move is meant to sharpen its focus on top strategic priorities.
SpaceX shares jumped after demand for its computing power exceeded expectations, lifting the broader artificial-intelligence stock group along with it. Elon Musk also hinted at a possible tie-up with Tesla in the same update.
President Trump suggested data center companies pay host communities a direct "dividend" to ease backlash over AI-driven construction. The remark follows mounting public concern about rising electricity costs near new facilities.
US housing data weakened further in September, according to separate reports released Tuesday, even as the Federal Reserve weighs additional interest-rate increases. The figures add to signs that higher borrowing costs are weighing on home sales and construction activity. Economists say the reports complicate the central bank's next policy decision.
Tesla and SpaceX have each formed special committees to evaluate a potential merger between the two Elon Musk-led companies, Musk said Monday. He cautioned that a combination is not guaranteed, even as Tesla shares rallied on the announcement. The companies have not set a timeline for a decision.