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Intel’s ‘Inexcusable’ Earnings Show It Can’t Forecast Its Own Results Says Analyst

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. After it released its earnings report for the second quarter of the fiscal year 2022 earlier this week, chip maker Intel Corporation is the subject of some hard hitting analyst coverage from …

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Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterJAKARTA, July 30 (Reuters) – Indonesia has blocked search engine website Yahoo, payments firm PayPal (PYPL.O) and several gaming websites due to failure to comply with licensing rules, an official said …

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Intel stock slumps 11% after poor earnings show softening demand

Intel stock is down 11% on Friday, a day after the company reported disappointing second-quarter earnings that missed on the top and bottom lines. Intel’s revenue declined 22% year over year and missed consensus by 14%, the company’s largest top-line disappointment since 1999, according to Refinitiv data. It ended the quarter with a $454 million net …

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Indexes drop after Walmart profit warning; Nasdaq down 2%

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterWalmart cuts profit forecast; news hits retailersMcDonald’s up as sales, profit top estimatesCoca-Cola up on forecast raiseIndexes down: Dow 0.8%, S&P 500 1.3%, Nasdaq 2%NEW YORK, July …

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The numbers show the U.S. economy is at least teetering on a recession

Foreman Angel Gonzalez and Anthony Harris, with E-Z Bel Construction, work on pipes along Fredericksburg Road during an excessive heat warning in San Antonio, Texas, July 19, 2022.Lisa Krantz | ReutersThe White House is sure the economy is not in a recession nor headed for one. Wall Street is pretty sure there is no recession …

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S&P 500, Nasdaq ride higher on Tesla gains

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. REUTERS/Brendan McDermid/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterTesla shares rise as profit tops expectationsEnergy stocks lead sectoral declinesAT&T drags down communication services sectorIndexes up: Dow 0.10%, S&P 0.62%, Nasdaq 1.01%July 21 (Reuters) – …

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Internal documents show Facebook and Google discussing platform strategies

New internal documents released Tuesday detail how three of Big Tech’s most prominent companies favored their own products as a means of stamping out competition. Their release comes as lawmakers push to approve stronger antitrust legislation by the end of the year. The documents were obtained by the House Judiciary Committee as part of its …

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