The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty ImagesIntel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading.Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: Loss of 10 cents per share, adjusted.Revenue: $12.86 billion versus $11.92 billion estimatedIntel said it expects revenue for the third-quarter of $13.1 billion at the midpoint of its range, versus the…
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President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington.The stunning side-by-side took place as Trump began touring the Fed building in what is widely seen as the latest chapter in his pressure campaign to get Powell to lower interest rates or resign as the central bank chairman.After the two men approached the press wearing white hard hats, Trump asserted that construction costs for the ongoing renovation of two historic Fed buildings have topped $3.1 billion.”I haven’t heard that…
French President Emmanuel Macron holds a press conference, at the Elysee Palace, in Paris, Friday, June 13, 2025. Michel Euler | Via ReutersFrench President Emmanuel Macron announced Thursday that France will recognize Palestine as a state, amid snowballing global anger over people starving in Gaza.Macron said in a post on X that he will formalize the decision at the United Nations General Assembly in September. “The urgent thing today is that the war in Gaza stops and the civilian population is saved.″The French president offered support for Israel after the Oct. 7, 2023 Hamas attacks and frequently speaks out against antisemitism, but he has grown increasingly frustrated about Israel’s war in Gaza, especially in recent months.″Given its historic commitment…
Jakub Porzycki | Nurphoto | Getty ImagesElon Musk’s satellite internet service Starlink said it had a “network outage” on Thursday. The company said it was working on a solution.There were more than 60,000 reports of an outage on Downdetector, a site that logs issues.Starlink is owned and operated by SpaceX, which is also run by Musk.Musk apologized for the outage on his social media platform X and said, “Service will be restored shortly.”Musk posted earlier Thursday that the company’s direct-to-cell-phone service was “growing fast” following the announcement that T-Mobile’s Starlink-powered satellite service was available to the public.T-Mobile said the T-Satellite…
An old school, tech workhorse is having a rough post-earnings session, but has still managed to trounce the S & P 500 in 2025 – and also rewards long-term investors who are seeking portfolio income. International Business Machines sold off sharply Thursday, down more than 8%, as investors punished the tech company when it missed Wall Street’s estimates for software revenue in the second quarter . Software revenue for IBM came in at $7.39 billion, up about 10% from the year-ago period, but below the StreetAccount consensus estimate of $7.43 billion. IBM YTD mountain IBM shares in 2025 The software…
An unwarranted post-earnings decline in Honeywell shares on Thursday presented a buying opportunity for new investors ahead of the conglomerate’s breakup into three publicly traded companies. Revenue in the second quarter ended June 30 rose 8.1% year over year to $10.35 billion, topping expectations of $10.07 billion, according to market data service LSEG. Organic sales advanced 5% versus the year-ago period, more than double the 2.4% increase the Street was looking for, according to FactSet. Adjusted earnings per share (EPS) rose 10.4% from last year to $2.75, exceeding estimates of $2.66, LSEG data showed. Bottom line As Jeff Marks put it…
Dover shares fell Thursday despite reporting better-than-expected second quarter results and raising its full-year outlook. We think the market is misjudging this one. Revenue in the second quarter increased 5% year over year to $2.05 billion, beating the $2.04 billion consensus, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended June 30 totaled $2.44, outpacing expectations of $2.39 per share, LSEG data showed. DOV YTD bar Dover’s year-to-date stock performance. Bottom line We’re surprised by this reaction to Dover’s earnings. Not only did the company beat on the top and bottom line, it reported…
Microsoft CEO Satya Nadella talks with Indonesia’s Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024.Willy Kurniawan | ReutersMicrosoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella.”Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo to employees Thursday. After Microsoft’s latest labor…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAnthony Malkin, Empire State Realty Trust CEO, joins ‘The Exchange’ to discuss the state of REITs, the shares falling on lower international demand and New York City Democratic Mayoral candidate Mamdani’s potential impact on real estate in the city. Source link
Alphabet’s strong earnings report seems to be quashing any fears on Wall Street that the artificial intelligence trade has peaked. The Google parent’s second-quarter results — released on Wednesday afternoon — painted a healthy picture of the tech stalwart’s current AI ambitions. Back in February, the company forecast it would invest an expected $75 billion in capital expenditures this year as builds out its AI offerings. But on Wednesday, the company upped this figure to $85 billion, justifying this increase by pointing to “strong and growing demand for our Cloud products and services.” Boosted by Alphabet’s positive second-quarter earnings, chip…
