Intel (INTC) is expanding its collaborative chipmaking partnership with Amazon Web Services (AMZN) as the hardware company seeks to further expand its foundry business. Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead talks about how Intel's various partnerships are reducing its risks in the long term. Takeaways: August retail sales outdid Wall Street estimates, rising by 0.1% month-over-month against expectations to drop by 0.2%. According to a Bank of America fund managers survey, 79% of investors are pricing in a soft landing scenario as the Federal Reserve readies to cut interest rates at its September meeting this week. Intel (INTC) shares move higher on the news the semiconductor company plans to spin off its foundry business into an independent subsidiary. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices