Flex

A Democratic congressman requested the CFPB to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. Rep. Maxwell Frost highlighted his personal debt struggles with similar services and urged accountability for potential violations of consumer financial laws.

A Democratic congressman urged the Consumer Financial Protection Bureau to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. The letter highlights potential violations of federal laws and questions whether landlords are promoting these services to tenants.

Marvell Technology's stock surged in premarket trading after it was added to the S&P 500 index. The company will join the benchmark index on June 22 as part of a quarterly rebalance, along with electronics manufacturer Flex.

Marvell Technology and Flex are set to join the S&P 500 later this month. Intel is reportedly planning to sell its programmable chip unit, Altera, with Marvell Technology considered a likely buyer.

Marvell Technology and Flex are set to join the S&P 500 index, replacing Pool and Campbell's. The change reflects the increasing significance of the technology sector in the stock market.

Flex CEO is making significant investments in artificial intelligence, indicating a major strategic direction for the company. The move suggests Flex is prioritizing innovation and technology to stay competitive. This investment could have substantial implications for the industry.

Flex announces the spin-off of its Cloud and Power Infrastructure unit, marking a significant strategic move. The spin-off aims to enhance focus and profitability. Details on the transaction are pending.