Bloomberg Neiman Marcus Group Inc, the luxury retailer that’s making its way through bankruptcy proceedings, said it will permanently close its store in New York City’s Hudson Yards along with three other US locations. Its planned exit from Hudson Yards comes just over a year after the mall at the mega-project opened to much fanfare in March 2019. The three-story …

Bloomberg Intel Corp.’s decision to consider outsourcing manufacturing heralds the end of an era in which the company, and the US, dominated the semiconductor industry. The move could reverberate well beyond Silicon Valley, influencing global trade and geopolitics. The Santa Clara, California-based company has been the largest chipmaker for most of the past 30 years by combining the best designs …

Bloomberg Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept. The outspoken chief executive officer of both Tesla and US government contractor SpaceX tweeted that “another government stimulus package is not in the best interests of the people,” in his opinion. A decade …