For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 … Read more
Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX, +5.54% since April 6, 2020, and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has truly peaked, there’s really just … Read more
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initial public offering of its Mobileye unit. Intel INTC, +0.78% is scheduled to report third-quarter earnings after the closing bell Thursday, after reports that the company was … Read more
LAGUNA BEACH, Calif. — Intel Corp. INTC, +0.78% Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as America seeks to maintain technological leadership in competition with China. Speaking at The Wall Street Journal’s annual Tech Live conference, Gelsinger said the restrictions, which require chip companies to obtain a license to … Read more
LAGUNA BEACH, Calif.— Intel Corp. INTC 0.78% Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as America seeks to maintain technological leadership in competition with China. Speaking at The Wall Street Journal’s annual Tech Live conference, Mr. Gelsinger said the restrictions, which require chip companies to … Read more
U.S. stocks closed sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller interest-rate rises after its November meeting. Investors were also coping with intraday volatility in stocks as around $2 trillion in notional value of options … Read more
Intel Corp. is planning on announcing “targeted” layoffs in November, according to a report late Thursday, citing an internal video shared with employees. After the close of markets Thursday, The Oregonian reported that Intel INTC, +0.31% Chief Executive Pat Gelsinger addressed employees via video, and promised more details on Nov. 1. Santa Clara, Calif.-based Intel … Read more
Microsoft Corp. is laying off nearly 1,000 workers across multiple divisions, according to news reports Monday. Axios and Business Insider reported the cuts late Monday. Sources told the news organizations that the number of layoffs was under 1,000, and span various regions and departments — including Xbox and Edge. Microsoft MSFT, +3.92% has about 221,000 … Read more
Nvidia Corp. and Intel Corp. threw down Wednesday as the two chip makers released new gaming cards with the GPU leader targeting elite, high-performance gamers, while Intel sought to appeal to budget gamers looking for slightly better performance than Nvidia’s last generation of cards. On Wednesday, Nvidia’s NVDA, -0.74% flagship RTX 4090 gaming card went … Read more