“Clearly, the financials aren’t what we would hoped,” Gelsinger told analysts.
Stocks close higher Friday, Nasdaq posts fourth week of gains
Stocks rose Friday as Wall Street attempted to cap off a winning week.
Dealing with a layoff? There’s a TikTok community for that
Workers are using TikTok to get job-search tips, connect with recruiters and, most importantly, vent.
Salesforce shakes up its board, a much-needed move amid executive, activist turmoil
Salesforce (CRM) on Friday confirmed a shakeup to its board of directors, welcome news for a Club holding.
Stocks making the biggest moves after hours: Intel, Visa, Hasbro and more
These are the stocks posting the largest moves in after-hours trading.
FDA advisors recommend replacing original Covid vaccine with bivalent omicron shots for all doses
Currently, Pfizer’s and Moderna’s omicron shots are authorized as a booster, while the first two doses are still the old shots based on the original strain.
Bed Bath & Beyond defaults on credit line, warns it can’t pay down debts
Bed Bath & Beyond again warned of potential bankruptcy, saying it doesn’t have enough cash to pay down its debts.
Intel shares drop on weak quarterly results and expectations for another quarter of losses
Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction.
Hasbro warns of weak holiday quarter results, cuts 15% of its workforce
Shares of toymaker Hasbro fell more than 6% in extended trading after the company said it would cut around 1,000 jobs and warned of weak fourth-quarter results.
We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao
Wells Fargo on Thursday raised earnings estimates for Club holding Wynn Resorts’ (WYNN) operations in Macao, China.