Bloomberg's Caroline Hyde discusses Intel's next steps as CEO Pat Gelsinger retires. Plus, retailers get set for what could be a record Cyber Monday, and the future of TikTok's potential ban as President-elect Donald Trump readies for his second term in the White House. (Source: Bloomberg)

Microchip Technology Inc., a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona, affecting about 500 employees.

Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.

Amazon.com Inc.’s cloud unit is rolling out components it says will make data centers run more efficiently, a move that could help address the growing strain power-hungry server farms are putting on the electrical grid.

The US unveiled new restrictions on China’s access to vital components for chips and AI, escalating a campaign to contain Beijing’s technological ambitions but stopping short of earlier proposals that would have sanctioned more key Chinese firms.

Honeywell International Inc. and aircraft maker Bombardier Inc. reached a deal on the development of aviation technology and settled a long-running legal dispute.

Oil was little changed as traders watched for clues on OPEC+’s supply plans ahead of a key meeting this Thursday.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Winifred Cisar, Creditsights, Angelo Zino, CFRA, Wendy Liebmann, WSL Strategic Retail, Sarah Rhoads, Amazon, Jay Woods, Freedom Capital Markets, Mandeep Singh, Bloomberg Intelligence, Daniel Newman, The Futurum Group, Stephen Yalof, Tanger CEO, Jonathan Lieber, Eurasia Group. (Source: Bloomberg)

Asian stocks are poised to follow the positive lead from Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs.

The yen carry trade — an investment strategy that blew up in spectacular fashion this year — is regaining popularity.