Intel Reports Earnings Thursday. Here’s What to Know.
Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp
Wall Street slips off record highs, Tesla drops after fatal crash
Tesla falls after fatal crash, bitcoin slumpsGameStop shares jump as CEO exitsCoca-Cola rises as revenue beats estimates. NEW YORK, April 19 - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Satu
Global stocks hit record highs on Friday and U.S. futures were steady as a string of positive economic figures from America and China highlighted the strength of the recovery. Oil gained.At 04:12 a.m. ET, Dow E-minis were up 7 points, or 0.02%, S&P 500 E-minis were down 3 points, or 0.07% and Nasdaq 100 E-minis were down 41.25 points, or 0.29%.Xpeng rose more than 1%. XPeng establishes a long-term strategic partnership with Zhongsheng Group to further accelerate the Smart EV adoption in China.