Bernstein analyst Stacy Rasgon had been vocally bearish on Intel’s stock since mid-2020, but he ended that call this weekend. “We have been decidedly negative on Intel’s INTC, +0.67% prospects for quite some time, a stance clearly justified by the company’s utter collapse as a weakening market and poor decisions…
A private gauge of China’s factory activity fell to a neutral level that separates activity expansion from contraction in March. The China Caixin manufacturing purchasing managers index fell to 50.0 in March from 51.6 in February, according to data released Monday by Caixin Media Co. and S&P Global. That is…
[]Oil futures surged after Saudi Arabia led a surprise oil-production cut across several OPEC+ member countries that will remove more than 1 million barrels of oil a day from output by May. []In an announcement on Sunday, Saudi Arabia’s Ministry of Energy stated that the kingdom will implement a voluntary…
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Swiss investment bank UBS Group AG is preparing to lay off as many as 36,000 people in the wake of its planned takeover of rival Credit Suisse — significantly more than first planned. Citing insiders at the bank, the Swiss newspaper SonntagsZeitung reported Sunday that UBS UBS, -3.00% plans to…
Dow industrials and the S&P 500 finished higher on Monday for the fourth straight trading session, as investors reacted to a surprise oil-production cut announced by Saudi Arabia and its allies over the weekend.What happened The Dow Jones Industrial Average DJIA, +0.98% finished up by 327 points, or 1%, at…
Since late 2022, a steady stream of companies have announced layoffs, most notably in the tech sector. In recent months, the downsizing has extended to other industries, including financial services, retail and manufacturing. While the stigma of getting laid off is not what it once was, it’s still almost always…
This article is reprinted by permission from NerdWallet. Apple recently rolled out its hotly anticipated new payment feature, Apple Pay Later. The feature lets users split an eligible purchase into four equal installments with zero interest over the course of six weeks when they check out online or in-app through…
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The muscle car died exactly as it wanted.In a blast of tire smoke and squeal, on a race track, burning gasoline so fast it could empty an 18.5-gallon tank in under five minutes.In its final crowning moment, it set a record quarter-mile time for an absurdly cheap cost, measured in…