Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter.In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026.Client computing revenue, which includes chips for PCs and laptops, grew 5% year over year, benefiting from PC market stabilization and artificial intelligence PC prospects.CEO Lip-Bu Tan said in a call with analysts Thursday that artificial intelligence “is a strong foundation for sustainable long-term growth as we execute.”The chip strength…
Author: usaeverydaylife
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021.Bloomberg | Bloomberg | Getty ImagesIndia’s largest private oil refiner Reliance Industries is reportedly halting purchases of Russian crude, following the U.S.’ decision to sanction Russia’s two largest oil companies, Rosneft and Lukoil.Reliance has become a major buyer of Russian crude. In September, it purchased around 629,590 barrels of Russian crude per day from the two firms, out of India’s total imports of 1.6 million barrels per day, according to data by commodities data analytics firm Kpler.Over the same month last year, Reliance purchased around 428,000…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Zoom Communications (ZM) is a Covid bull market darling that subsequently fell back to earth and has been dead money ever since. The stock is now showing signs of life and judged to be an excellent opportunity on the long side at present. A “ten-bagger”, Zoom advanced from $63 in October of 2019 to $589 by October of 2020… only to give it all back and then some, declining 90% from its peak to a low of $55 in the summer of 2024. Yet, since last summer the stock…
CNBC’s “Fast Money” team discusses the nuclear and uranium trade as well as AI data centers. Source link
Hoka shoes are seen in a store in Krakow, Poland on February 1, 2023. Jakub Porzycki | Nurphoto | Getty ImagesShares of footwear maker Deckers Brands plunged 15% Friday after the company trimmed its sales guidance for Hoka and Ugg — the two brands driving its growth — over concerns that tariffs are leading to a slide in demand.Hoka, an up-and-coming running shoe brand, is now expected to grow by a low-teens percentage in fiscal 2026 after growing 24% in the year-ago period, while Boots brand Ugg is expected to grow in the range of a low to mid single-digit percentage, after…
New York Attorney General Letitia James on Friday pleaded not guilty to federal charges in a fraud case tied to mortgage records she signed in 2020.James is a longtime antagonist of President Donald Trump, who publicly urged Attorney General Pam Bondi to target her weeks before she was indicted.James’ case in U.S. District Court in Norfolk, Virginia, is set to head to trial on Jan. 26, 2026.”This is not about me. This is about all of us,” James said after leaving court, “and about a justice system which has been weaponized” and “used as a tool of revenge.””So there’s no…
A member of staff poses next to trading boards at the London Stock Exchange on April 25, 2025 in London, England.Carl Court | Getty Images News | Getty ImagesThe amount of money managed by hedge funds has reached an all-time high of $5 trillion, fueled by a surge in capital allocations in the third quarter coupled with positive investment returns.Analysis published Thursday by industry tracker Hedge Fund Research (HFR) showed total global assets under management stood at a landmark $4.98 trillion at the end of the third quarter.Overall industry assets swelled by $238.4 billion in the three-month period that ended…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a fireside chat at the Indian Institute of Science (IISc) in Bengaluru, India, on Thursday, Nov. 21, 2024. Gabriela Bhaskar | Bloomberg | Getty ImagesShares of Advanced Micro Devices jumped nearly 8% on Friday following a report that IBM can utilize the company’s chips to run a quantum computing error correction algorithm.IBM shares gained about 8% and headed for their best day since January.Reuters reported on Friday that a paper will publish next week showing that IBM can run a quantum error correction algorithm on AMD’s…
Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that keeps the door wide open for another interest rate cut next week.The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%. Economists surveyed by Dow Jones had been looking for readings of 0.4% and 3.1%, respectively. The annual rate reflected a 0.1 percentage point uptick from August.Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%, compared…
China’s Minister of Commerce Wang Wentao spoke alongside other senior officials at a press conference on Friday, Oct. 24, 2025.Picture Alliance | Picture Alliance | Getty ImagesBEIJING — The U.S. and China can still find ways to work together, Chinese Commerce Minister Wang Wentao told reporters Friday, ahead of an expected meeting between the presidents of both countries on Oct. 30.”General Secretary Xi Jinping has stressed that dialogue and cooperation are the only right choice for China and the U.S.,” Wang said in Mandarin, translated by CNBC. “China, as a responsible big nation, has always opposed decoupling and ‘breaking the…
