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Intel CEO Lip-Bu Tan started his first quarterly earnings presentation at the helm of the troubled chipmaker by announcing a major workplace overhaul that aims to boost innovation.

Intel CEO unveils major workplace overhaul to boost innovation, slams 'suffocating' bureaucracy

Intel CEO Lip-Bu Tan started his first quarterly earnings presentation at the helm of the troubled chipmaker by announcing a major workplace overhaul that aims to boost innovation.
Yahoo Finance 1 hour ago
TSM
TSMWF
Google made an extra $8 billion last quarter but won't say how. I have some guesses.

Google made an extra $8 billion last quarter but won't say how. I have some guesses.

Google reports an $8 billion gain from its investment in a private company. It's tight-lipped about which one. I have some guesses.
Business Insider 1 hour ago
South Korea, US aim for package of deals before tariff pause ends in July

South Korea, US aim for package of deals before tariff pause ends in July

SEOUL/WASHINGTON (Reuters) -South Korea and the United States agreed to craft a package of deals aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington. The U.S. and South Korea had a "very successful" meeting on Thursday, U.S. Treasury Secretary Scott Bessent said afterwards. Bessent and Trade Representative Jamieson Greer met with South Korean Finance Minister Choi Sang-mok and Industry Minister Ahn Duk-geun.
Reuters 1 hour ago
Intel beats on Q1 expectations, but poor Q2 forecast sends stock sliding

Intel beats on Q1 expectations, but poor Q2 forecast sends stock sliding

Intel reported better-than-anticipated Q1 earnings, but its Q2 outlook was worse than expected.
Yahoo Finance 3 hours ago
INTC
Germany's Merck says in late-stage discussions to buy SpringWorks for $3.5 billion

Germany's Merck says in late-stage discussions to buy SpringWorks for $3.5 billion

Germany's Merck KGaA said on Thursday it is in late-stage talks to acquire U.S.-based SpringWorks Therapeutics for about $3.5 billion, a deal that could give it access to a recently approved rare disease drug and expand its portfolio of experimental cancer treatments. Merck said that the companies are in discussions on the basis of a price of around $47 per share, which gives a valuation of roughly $3.5 billion, according to Reuters calculations. No final decision has been taken and no legally binding agreement has been entered into, Merck said in a statement.
Reuters 4 hours ago
MRK.DE

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Intel CEO unveils major workplace overhaul to boost innovation, slams 'suffocating' bureaucracy

Intel CEO unveils major workplace overhaul to boost innovation, slams 'suffocating' bureaucracy

Intel CEO Lip-Bu Tan started his first quarterly earnings presentation at the helm of the troubled chipmaker by announcing a major workplace overhaul that aims to boost innovation.
Intel beats on Q1 expectations, but poor Q2 forecast sends stock sliding

Intel beats on Q1 expectations, but poor Q2 forecast sends stock sliding

Intel reported better-than-anticipated Q1 earnings, but its Q2 outlook was worse than expected.
IBM stock falls after results reveal US government contracts canceled by DOGE

IBM stock falls after results reveal US government contracts canceled by DOGE

IBM stock fell after the company said it had seen some canceled contracts due to DOGE cuts and its software business reported results that were slightly soft.
Google beats Q1 estimates, raises dividend 5%, and authorizes $70 billion in buybacks

Google beats Q1 estimates, raises dividend 5%, and authorizes $70 billion in buybacks

Google parent Alphabet reported Q1 earnings on Thursday.
Big Tech earnings kick off as tariff uncertainty continues to roil markets

Big Tech earnings kick off as tariff uncertainty continues to roil markets

Big Tech is preparing for its first earnings since Trump launched his global trade war.
Big Tech stocks gain over $450 billion as Trump, Bessent signal deescalation of US-China trade war

Big Tech stocks gain over $450 billion as Trump, Bessent signal deescalation of US-China trade war

Big Tech stocks surged for a second day, with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations Wednesday as the Trump administration hinted at a deescalation of the US-China trade war.
Meta: EU is trying to 'handicap successful American businesses' with new fines

Meta: EU is trying to 'handicap successful American businesses' with new fines

Meta fired back at the European Union's decision to levy a $228 million fine against the social media giant, calling it an inequitable application of the bloc's new competition laws.
NFL and Adobe broaden partnership to court a younger, more global audience

NFL and Adobe broaden partnership to court a younger, more global audience

The NFL and Adobe are broadening their partnership to expand to a younger, more global audience.
Intel stock surges as chipmaker reportedly plans to cut 20% of workforce

Intel stock surges as chipmaker reportedly plans to cut 20% of workforce

Intel stock rallied early Wednesday following a report that said the company is preparing to cut up to 20% of its workforce.
Tesla has a bad trend to watch out for in its earnings report: By the numbers

Tesla has a bad trend to watch out for in its earnings report: By the numbers

Keep an eye on Tesla's gross profit margins in its first quarter results on Tuesday.
Threads officially moves to Threads.com and updates its web app

Threads officially moves to Threads.com and updates its web app

Instagram Threads, Meta's newest social network and X competitor, is officially relocating from the website Threads.net to Threads.com. The transition will coincide with a handful of quality-of-life improvements for the Threads web app, including features to more easily access custom feeds, saved posts, and likes, as well as other tools for creating new columns, copying posts for resharing, finding your favorite creators from X on Threads, and more. Meta had initially launched its new social app
TechCrunch 5 hours ago
China's Export Restrictions Disrupt Tesla's Robot Plans

China's Export Restrictions Disrupt Tesla's Robot Plans

China's restriction on rare earth magnet exports, particularly neodymium-iron-boron, is disrupting Tesla's robot production and highlighting the urgent need for the US to secure its supply chains to maintain technological dominance.
Oilprice.com 7 hours ago
TSLA
OpenAI says it would be happy to scoop up Google’s Chrome if Alphabet is forced to sell the world’s most popular web browser

OpenAI says it would be happy to scoop up Google’s Chrome if Alphabet is forced to sell the world’s most popular web browser

OpenAI’s ChatGPT boss said Google would not share its search index information with the company.
Fortune 8 hours ago
GOOG
MSFT
Boeing CEO 'won't be shy' about bringing in new execs if needed

Boeing CEO 'won't be shy' about bringing in new execs if needed

“Won’t be shy about doing that, but again, I think the team is coming together pretty well,” Ortberg said in response to a question about whether Boeing is considering changes to upper management at its defense and commercial airplanes units. “Having said that, if we need to continue to supplement the team going forward, not just direct reports to me but all the way up and down the organization, we will do that,” Ortberg said. Ted Colbert, then head of Boeing's troubled space and defense unit, left the company last year in Ortberg's first management change, fueling speculation about additional moves.
Reuters 9 hours ago
BA
Morgan Stanley Infra Partners eyes $2 billion Permian pipelines sale, sources say

Morgan Stanley Infra Partners eyes $2 billion Permian pipelines sale, sources say

(Reuters) -Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 billion including debt, three people familiar with the matter said. The company also owns associated infrastructure including natural gas compression capabilities and crude storage. Investment bankers at Jefferies Financial Group in recent weeks have been shopping MSIP's controlling stake in Brazos to potential buyers, including midstream companies and investment firms, the people said, asking not to be identified because the discussions are private.
Reuters 9 hours ago
MS-PQ
WMB
IBM stock falls after results reveal US government contracts canceled by DOGE

IBM stock falls after results reveal US government contracts canceled by DOGE

IBM stock fell after the company said it had seen some canceled contracts due to DOGE cuts and its software business reported results that were slightly soft.
Yahoo Finance 3 hours ago
IBM