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April 28, 2023
US stock indexes advanced after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning,...
April 28, 2023
U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week. Exxon Mobil Corp shares finished up 1.3% after hitting an all-time high as the oil company reported a record first-quarter profit on rising oil and gas output, also boosting the S&P energy index 1.5%.
April 28, 2023
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Amazon falls ~4% after signaling slower AWS growth * Exxon adds
April 27, 2023
Intel, the leading chipmaker, reported a decline in sales due to a steep drop in demand for semiconductors that power personal computers.
April 27, 2023
Chipmaker Intel Corp on Thursday said slumping gross margins will improve in the second half of the year, a welcome sign in a difficult economy that sent shares up 4% in after-hours trading.
April 27, 2023
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April 19, 2023
Chipmaker Intel Corp said on Tuesday (April 18) it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market hurt some chip companies including Nvidia Corp, whose high-end graphics chips became popular for crypto mining. Intel expects to stop taking orders for the series, called Blockscale, by Oct 20...
January 16, 2023
MOUNTAIN VIEW (dpa-AFX) - Although several major companies across the tech industry have announced mass layoffs as rising inflation and uncertain macroeconomic conditions fuel recession fears,
October 28, 2022
Chipmaker Intel Corp on Thursday cut its 2022 revenue forecast for the second time this year as a slump in PC demand looks set to worsen and recession f...
October 27, 2022
Chipmaker Intel Corp on Thursday cut its full-year profit and revenue forecast and Chief Executive Pat Gelsinger, asked about potential layoffs, told Reuters "people actions" would indeed be part of