Intel is the Dow's biggest loser
CNN
Semiconductors are in everything. Our phones, our laptops, our televisions. Even our cars. But concerns about a global recession and continued worries about supply shortages stemming from lingering pandemic-related shutdowns in Asia over the past two years are hurting top chip companies.
Shares of Intel (INTC) are down more than 45% this year, making it the biggest dog of the Dow. Intel is struggling despite well-publicized plans to build more plants in the United States and hire more at home. President Biden even just toured the new Intel facility in Ohio for its groundbreaking ceremony.
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Electric cars account for a tiny proportion of vehicle sales in Saudi Arabia. But the oil-rich kingdom wants to change that by rolling out manufacturing plants and charging facilities.
The administration of US President Donald Trump has lifted restrictions on exports of chip design software to China, as Washington and Beijing work to dial down hostilities as part of a recent trade agreement.
An intense public feud erupted on Thursday between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office.
President Donald Trump said Wednesday he has made a trade deal with Vietnam.
Travis Tanner says he first began using ChatGPT less than a year ago for support in his job as an auto mechanic and to communicate with Spanish-speaking coworkers. But these days, he and the artificial intelligence chatbot — which he now refers to as “Lumina” — have very different kinds of conversations, discussing religion, spirituality and the foundation of the universe.
Chuck E. Cheese isn’t just for the kids anymore.
Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer.
US President Donald Trump cast doubt on reaching a trade deal with Japan, a day after threatening higher tariffs on Japanese exports to the United States, claiming the country won’t buy American rice.
Elon Musk’s plan to revive Tesla is blowing up faster than a SpaceX rocket.
CBS News parent Paramount Global has agreed to pay $16 million to resolve a legally dubious lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall.
An immigration judge in Georgia has ordered the release of the Spanish-language journalist and live-streamer Mario Guevara on bail while his immigration process continues, a relative of Guevara confirmed to CNN.
The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.
Elon Musk and President Donald Trump’s truce didn’t even last a month.