Axios

Intel late today confirmed that it intends to separate its foundry business as an independent subsidiary.

Between the lines: The move will set the business up with its own board and the potential to raise outside capital down the line.

• Remember, Intel was recently reported to be kicking around ideas for the business, including a sale or spinoff.

The big picture: Intel has ambitions to spend tens of billions on new factories to support the foundry business, which makes chips for itself and outside customers.

Amazon employees must return to the office five days per week at the start of 2025, CEO Andy Jassy announced Monday.

Why it matters: Amazon is one of America's biggest employers, and hybrid work is increasingly seen as working adults' post-pandemic preference.

TikTok on Monday will make its case in court against a bill that would require it to be divested by its Chinese parent company, Bytedance, or else risk a nationwide ban.

Why it matters: TikTok is one of America's largest social media platforms, and Bytedance is the world's most valuable startup.

More high-speed charging stations for electric vehicles will be available in urban parking garages under a deal to be announced today between BP Pulse and LAZ Parking, a leader in digital parking technology, Axios is first to report.

Why it matters: Finding a place to charge an EV is especially difficult in densely packed cities, where many people live in apartment buildings and don't have access to a home charger.

For the first time in decades, the cost of housing is a key issue in a presidential election.

Why it matters: A shortage of affordable homes to buy or rent in the U.S. keeps home prices high. Record-high mortgage rates are putting monthly payments out of reach for many.

At precisely 2 pm Wednesday, in a windowless ground-floor room in Washington's Foggy Bottom neighborhood, dozens of packed-in economics journalists will hit "send" on reports that the Federal Reserve has decided to cut interest rates. With that, an economic era will end.

Why it matters: The defining economic feature of the last four years has been the onset of the highest inflation in modern times, followed by the Federal Reserve's efforts — late, but aggressive — to bring it to an end. That chapter in America's economic history ends this week.