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Intel cuts 15% of its staff as it pushes to make a comeback
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.
Intel Results Seemed Strong. The Stock Is Dropping.
The company’s stock is up 17% this year, versus the 12% gain for the iShares Semiconductor exchange-traded fund.
Asian shares retreat after Alphabet and AI stocks nudge Wall Street to more records
Asian shares retreated on Friday after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped offset a steep tumble for EV-maker Tesla. Japan’s Nikkei 225
US-Japan Trade Deal Hinges on Fund That Remains a Puzzle
The US and Japan this week reached what President Donald Trump called the largest trade deal in history after Tokyo pledged to set up a $550 billion fund for investment into the US, details of which
GM Is Loading Up on Its Own Shares. Investors Should Follow Suit.
General Motors is too darn cheap—and the company has a solution to that problem investors should take note of. Between its earnings and President Donald Trump’s trade deal with Japan, it was a wild
Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
The European Central Bank left interest rates unchanged Thursday, hitting pause on rate cuts amid uncertainty over US President Donald Trump's tariff onslaught and high-stakes trade talks marked by
Why This Former Central Banker Sees U.S. Economy in a ‘Wile E. Coyote’ Moment
Economist Raghuram Rajan, who came to prominence with warnings ahead of the 2008-2009 financial crisis, sees parallels to Brexit, the U.K.’s 2016 decision to leave the EU.
Union Pacific and Norfolk Southern confirm merger talks to create coast to coast railroad
Union Pacific and Norfolk Southern confirmed that they are in “advanced” merger talks that would create a single U.S railroad with service stretching from the East to the West Coast. The Associated
State Farm to hike home insurance rates by 27% in this state
Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is expected to start on Aug. 15.
Tesla Braces for ‘Rough’ Quarters as US Ends EV Incentives
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.
Exclusive-Shanghai bourse gives bond investors a taste of high yields with new framework, sources say
The Shanghai Stock Exchange plans to facilitate more companies to issue bonds and attract investors with a new framework for such issuances, two sources said, as China looks to boost funding options
At Home canceling some store closures, despite bankruptcy: See where
At Home initially said it would close 10% of its 260 locations during last month's bankruptcy case. Now it has canceled a few of the closings.
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