Intel Corp

Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned

Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned

Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimmed its full-year outlook once more and said it expects to cut costs by $3 billion in 2023, including layoffs. Intel INTC, -3.45% shares …

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Dow jumps almost 750 points as stocks end higher, bond yields fall after reports Fed may shift to smaller rate hikes after November

Dow jumps almost 750 points as stocks end higher, bond yields fall after reports Fed may shift to smaller rate hikes after November

US stocks closed sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller interest-rate rises after its November meeting. Investors were also coping with intraday volatility in stocks as around $2 trillion in notional value of options …

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Hyundai and Kia Will Lose $2 Billion on Fixing Bad Engines This Quarter

Hyundai and Kia Will Lose $2 Billion on Fixing Bad Engines This Quarter

Image: Hyundai Hyundai’s offsetting much of its earnings with engine repairs, Honda dealers are shaking in their boots because somebody said “direct sales,” and we all just want Nissan and Renault to work this out. All that and more in Tuesday’s Morning Shift for October 18, 2022. 1st Gear: So Many Engines to Fix That …

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Apple to launch a foldable iPad rather than iPhone in 2024, analysts predict

Apple to launch a foldable iPad rather than iPhone in 2024, analysts predict

Apple CEO Tim Cook speaks at an event at the Apple Park campus in Cupertino, California, on Sept. 7, 2022. At a presentation dubbed Far Out, Apple is set to unveil the iPhone 14 line, a fresh slate of smartwatches and new AirPods. Nic Coury | Bloomberg | Getty Images Apple will likely launch an …

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Nvidia, Intel gaming cards go on sale while AMD teases Nov.  3 announcements

Nvidia, Intel gaming cards go on sale while AMD teases Nov. 3 announcements

Nvidia Corp. and Intel Corp. threw down Wednesday as the two chip makers released new gaming cards with the GPU leader targeting elite, high-performance gamers, while Intel sought to appeal to budget gamers looking for slightly better performance than Nvidia’s last generation of cards. On Wednesday, Nvidia’s NVDA, -0.74% flagship RTX 4090 gaming card went …

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Microsoft unveils $4,299 Surface desktop computer |  CNN Business

Microsoft unveils $4,299 Surface desktop computer | CNN Business

CNN — Microsoft’s most expensive Surface device is about to get even pricier. At a press event on Wednesday, Microsoft is set to unveil several Surface Pro tablets, Surface Laptop models and a Surface Studio 2+ desktop computer, the last of which has not been updated in several years. The new 28-inch Surface Studio 2+, …

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America's 'once unthinkable' chip export restrictions will hobble China's semiconductor ambitions

America’s ‘once unthinkable’ chip export restrictions will hobble China’s semiconductor ambitions

The US government has introduced some of its most sweeping export controls yet aiming to cut China off from advanced semiconductors. Analysts said the move could hobble China’s domestic chip industry. Mandel Ngan | AFP | Getty Images China’s ambitions to boost its domestic chip industry have likely become magnitudes more difficult and costly after …

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Google employees frustrated after office Covid outbreaks, some call to modify vaccine policy

Google employees frustrated after office Covid outbreaks, some call to modify vaccine policy

Josh Edelson | AFP | Getty Images Google employees are receiving regular notifications from management of Covid-19 infections, causing some to question the company’s return-to-office mandates. The employees, who spoke with CNBC on the condition of anonymity, said since they have been asked to return to offices, infection notifications pop up in their email inboxes …

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