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Intel Shares Plunge 18% As It Plans Layoffs, Halts Dividends After Missing Q2 Estimates
Intel will deploy over a $10 billion cost-cutting plan to strengthen its balance sheet and accelerate plans for AI chips and the foundry business.
JPMorgan Strategist Who Predicted Biden Withdrawal Has Gloomy Outlook For EV Sector, Ukraine War
Michael Cembalest sees the driverless car backlash coming from citizens, the Russia-Ukraine war continuing despite Russia losing two-thirds of its tanks, and more severe power outages in the US.
State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners
High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.
The S&P 500 Returned an Average of 11% In the Second Half of Election Years with an Incumbent Running for Reelection
Since the S&P 500's inception in 1957, there have been 16 presidential elections, half of which had incumbents running for their second terms.
16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.
'Big Short' Investor Steve Eisman, Who Predicted '08 Market Crash, Says To Hold On To Apple Stocks
Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.
What Does Nvidia's 10:1 Stock Split Mean for Shareholders?
Leading chipmaker and AI player Nvidia announced a 10:1 stock split for the company's common stock that will take place on June 7.
JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed
JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.
Billionaire Ray Dalio's Bridgewater Associates Offloads Cisco, HP, and More to Double Stake in Nvidia, Boost 'Magnificent Seven' Holdings
Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.
Ark Invest CEO Cathie Wood Boosts Stake in Firms Making Breakthroughs in Gene Editing, AI Drug Development, and Obesity Drugs
Cathie Wood splurged millions in biotech this year on strong clinical progress, AI adoption, sales growth, wider outreach, and steady product pipelines.
Billionaire Ken Griffin Goes Heavy on This Tech Stock, Increases Stake By 200% in Two Quarters
Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.
'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund
Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.
Research Firm Says AI-Fueled Stock Market Will Burst by 2026: What Does Bank of America Say?
Analysts share how overvalued AI companies, tech adoption, higher rates, inflation, and growing corporate earnings affect stock and bond returns in the future.
China Has 8.3M People Who Can't Repay Their Debts: Here Are The Shocking Ways They Are Punished
Blacklisted debtors in China may feel trapped in the system as the government can hold their salary to recoup the money they owe.
'Do I Pay for My Daughter's Ear Infection or Food': Manager Had $34K Student Debt, Now It's Over $500K
As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.
Theft Prevention or Money Grab? Walmart's £76 Yearly Fee for Self-Checkout Raises Eyebrows
Walmart now charges customers £76 ($98) per year for access to self-checkout lanes, sparking debate over anti-theft measures versus revenue generation.
Six Charts That Show How US Spent $75b In Ukraine Aid; Zelensky Still Waiting On $61b Aid Package
According to the Kiel Institute for the World Economy, since Russia launched its full-scale invasion of Ukraine in February 2022, the US has provided Ukraine with $74.3 billion in aid.
The Private Sector Must Continue to Take Charge of Eastern Europe's Economic Development
Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
UK and Ukraine Extend Tariff-Free Trade Agreement to Aid Ukrainian Businesses
The agreement, which covers the majority of goods, is extended for an additional five years, providing much-needed economic support to Ukrainian businesses impacted by the war.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Russian Tourists To Be The First Travellers To Visit North Korea Since Covid-19
North Korea imposed one of the world's most stringent lockdowns four years ago.
UK Mergers and Acquisitions Witness 33% Decline, Lowest Levels Since 2009
The notable 33 per cent decrease in the overall value of mergers and acquisitions deals involving UK firms amounts to £207 billion throughout 2023.
UK Property Market Anticipates 1% Price Drop in 2024 Amidst Seller Competition and Mortgage Rate Stability
Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.
Nissan Triples Investment in Electric Vehicle Production in the UK, Boosting Economy and Jobs
Nissan has announced a groundbreaking £2 billion investment to expand electric vehicle (EV) production in Sunderland.
Rishi Sunak's Decision to Scrap Free NHS Prescriptions Draws Criticism for Impact on the Most Vulnerable
Sunak is scrapping free NHS prescriptions that have been a vital lifeline for individuals with chronic conditions, low-income families, and the elderly.
Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.
Exploring the financial Landscape of Online Casinos
Delve into the financial intricacies of the online casino world, uncovering revenue models and investment trends.
Britain's mortgage crisis, borrowers to be given 12-month grace period before repossession
Rising costs, affordability concerns, and economic uncertainty impact the housing market, with interest rates now standing at five per cent in the UK, the highest level since April 2008.
Generative AI is 'the next productivity frontier', report says
Generative AI is poised to unleash the next wave of productivity, according to a new report stating that it could add the equivalent of $2.6 trillion to $4.4 trillion annually across 63 use cases.