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Stock Market Today: Morning Movers; Vanguard Warns On U.S. Growth; Intel Job Cuts
Yesterday, in a rerunning of its markets-model forecast, it eased up on some of its U.S. optimism, pointing to stretched valuations in U.S. equities. Notably, U.S. growth stocks are now seen growing at a rate barely beating inflation expectations.
Intel drops 8% as chipmaker's foundry business axes projects, struggles to find customers
Intel’s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.
Heavy Trading in Intel Put Options - Is Trouble Ahead for INTC Stock?
Today, heavy unusual trading in Intel put options that are out-of-the-money (OTM) could spell trouble for INTC stock over the next month. The company's Q2 results did not encourage investors.
Intel's Stock Tumbles Amid Worries Some of Its Problems 'May Not Be Fixable'
Intel shares plunged Friday, a day after the chipmaker reported mixed results amid uncertainty about its ability to engineer a turnaround.
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Intel layoffs coming: Q2 earnings miss, stock continues fall
Intel stock drops nearly 9% after Q2 earnings miss and major layoffs. Here’s what investors need to know as summer leads to fall.
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to cut spending and revive the struggling American icon.
Intel’s CEO needs a path to profits to win over stock skeptics
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time.
Intel beats on Q2 revenue, plans to cut 15% of workforce, cancels factory plans
Intel will report its Q2 earnings Thursday, and Wall Street will want to hear more about the company's turnaround plans.
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 Q2: Fragile Foundry Ambitions Collide With A Strategic About-Face
Intel Corporation's latest Q2 earnings have embedded several bombshell updates to its turnaround strategy. Click here to find out why INTC stock is a Hold.
Intel stock sinks: CEO prioritizes cost-cutting over innovation
Intel (INTC) stock is on the decline after the chipmaker reported earnings. CEO Lip-Bu Tan highlighted cost-cutting efforts and former Intel CEO Pat Gelsinger's shortcomings, rather than indicating the company is working to return to being a tech innovator.
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