Intel Records $7 Billion Loss📱KIKOY RDDT 📈 HUM OROVF 📉

FlowBank's hand-curated fresh financial news [header_noDither] Intel's Foundry Business Faces $7 Billion Loss Intel disclosed a significant operating loss of $7 billion for its semiconductor foundry business in 2023, compared to a $5.2 billion loss the previous year, despite sales totaling $18.9 billion. This marks the first time Intel has separately reported the financials of its foundry division, which has been central to its strategy under CEO Patrick Gelsinger. The company aims for the foundry's losses to peak in 2024 and reach break-even by mid-2030, buoyed by notable contracts like Microsoft and a $20 billion incentive from the CHIPS and Science Act. WHAT'S MOVING [Group 1742 (59)-1] [Start Trading](113/cXx8Z04/VX6GXX2X-_93W8hcVKb3HMlCHW39GxQ75crh3mN5yXtkx2-ZVTW6N1vHY6lZ3ntW5R9CJ86ZpXHPW92MfcP3zKccKW7p6djJ7TzSbPW8ZGdk04MpgXxW8M4x1x5SGC2JW1-RF8R8xFL5zW5DT7RC86cHvpV8T0D77d6NpBW7GYj6V27mcwyW6w8Z6y1fhDMQW7bJ0_l1yR_QkW8qZbh13tY331W6q9C-R39b371Vc4bPh81nZ1MV3LL2t8_1w3yW3GhbWr1tvjTZW5kFw--44QsgvVpZtZp5D75B5W5kB0Gm942YgHN74MXmBnqhqFW5hWh2k3Bg2jWW1vfL5q50c_7Yf53FTC804) [Group 1754 (7)] Tesla Tesla's first-quarter vehicle deliveries fell by 8.5% year-over-year to 386,810, missing analysts' expectations significantly. [Group 3 (58)-2] Apple Jon Stewart revealed Apple asked him not to interview FTC Chair Lina Khan on a podcast while he was working on his Apple TV+ show. [Group 1753 (8)] Google Google agreed to destroy billions of browsing data records to settle a lawsuit over tracking users in 'Incognito' mode, in a deal valued at up to $7.8 billion. WHAT'S COMING UP? EUR: CPI (YoY) (Mar): Exp. 2.5% v Prev. 2.6% USD: ADP Nonfarm Employment Chng. (Mar): Exp. 148K Prev. 140K USD: S&P Global Services PMI (Mar): Exp. 51.7 v Prev. 52.3 USD: ISM Non-Manufacturing PMI (Mar): Exp. 52.8 v Prev. 52.6 USD: Crude Oil Inventories: Exp. -0.300M v Prev 3.165M USD: Fed Chair Powell Speaks IN OTHER NEWS Wall Street U.S. stock futures remained mostly steady early Wednesday, following a downturn where the Dow Jones Industrial Average experienced a second consecutive day of losses, dropping about 400 points or 1%. Both the S&P 500 and Nasdaq Composite also fell, with declines of 0.7% and nearly 1% respectively. Despite the recent market setbacks, some analysts maintain a positive outlook on stocks, suggesting that the market might be stabilizing after a robust beginning to the year. [Group 1769] Europe European stock markets are expected to open with declines on Wednesday, reflecting a cautious mood at the beginning of the new trading quarter. Following a quiet start after the Easter holiday, the pan-European Stoxx 600 ended Tuesday on a lower note. With few corporate earnings reports scheduled for Wednesday, investor attention is likely to focus on upcoming inflation figures from the euro zone and Turkey. MARKET INSIGHTS 9 Coolest Luxury and Sports Car Stocks | 2024 A lot has been said about the rise of EV car companies like Tesla but are some of the traditionally cool car brands worth an investment? [Read more](113/cXx8Z04/VX6GXX2X-_93W8hcVKb3HMlCHW39GxQ75crh3mN5yXtjY2-ZVTW5BW0B06lZ3m2W4vNYp33q8dfkW1TgsRZ1rgpbNW4-ZkMx7KS0WfW1Y9C_x5n3yVZVhMccc785NgmW8d17dx4TcdxVW5QMFrM83JSqlN5pLLPRNHqj6W44LvR347sbBDW5YL1F25Gz-WrW6y7C9L7rGbvxW6JWYwf7VbCv4N6kwQcvDKzNzW3LTQNk3cd1kwW7WHMz95xv3wyW1S9MJ517nDx_N2hmS4JF2xfPW7CFhVW5yZmm7f9h93kq04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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