Tech
Intel Plans Major Overhaul to Cut Costs and Refocus
Gelsinger to Present Plan to Board in Mid-September  – Intel CEO Pat Gelsinger and his team are gearing up to present a restructuring plan to...
Electric Success: Tesla’s Chinese Sales Rise While Overcoming Market Hurdles!
Tesla’s China Sales Rise in August Despite Layoffs – Tesla’s sales of China-made electric vehicles (EVs) increased by 3% year-over-year in August. This data comes...
Elastic Q2 Earnings Beat Estimates, But Lower Revenue Guidance Weighs on Shares
Elastic Reports Strong Q2 Earnings Results but Lowers Revenue Outlook Elastic (NYSE: ESTC), a search software company, reported its Q2 CY2024 earnings results, surpassing analysts’...
Intel Considers Major Restructuring Amid Difficult Period
Intel Considers Major Restructuring – Intel Corporation (NASDAQ: INTC) is exploring significant changes as it faces challenges. The company is reportedly working with investment bankers to...
Paltalk Awarded $65.7M in Patent Case Against Cisco, But Stock Dips
Paltalk Wins $65.7 Million Verdict Against Cisco Paltalk Holdings announced on Friday that it has been awarded $65.7 million in damages in a patent lawsuit...
Dell’s Shares Soar as AI-Powered Servers Boost Earnings
Dell Raises Revenue and Earnings Forecasts – Dell Technologies (DELL) saw its shares rise by 4% on Friday. This increase came from strong demand for...
US Stocks Rally as Inflation Data Boosts Rate-Cut Hopes
US Stocks Surge on Inflation Data US stocks opened higher on Friday, with a strong push towards ending the week on a positive note, as...
Fitch Affirms US Credit Rating at “AA+”, Despite Rising Debt Concerns
Agency Maintains Stable Outlook Fitch Affirms US Credit Rating – Ratings agency Fitch has affirmed the United States’ credit rating at “AA+”. This decision highlights...
Dollar General’s Stock Tumbles as Customers Feel Financial Strain
DG Stock Price Drop : Dollar General (DG) stock plummeted by 28% on Thursday. This decline followed the company’s announcement that it had cut its...
U.S. Economy Grows at a Healthy 3% Pace in Second Quarter
Strong Consumer Spending and Business Investment Fuel Growth U.S. economy grew at a strong annual pace of 3% from April to June. This growth was...
