Intel Corp. (NASDAQ:INTC) stock gained in premarket trading on Friday after the chipmaker reported stronger-than-expected second-quarter results and issued third-quarter guidance above analyst estimates. Beats Estimates, Raises Outlook The chipmaker beat second-quarter expectations, with revenue rising 25% year over year to $16.13 billion, above the $14.42 billion estimate. Adjusted EPS of 42 cents doubled estimates of 21 cents, while Data Center and AI revenue jumped 59% and Intel Foundry revenue rose 31%. The company also guided third-quarter revenue to $15.8 billion to $16.8 billion, ahead of the $15.01 billion estimate. Intel expects adjusted EPS of 38 cents, topping the 24-cent…
Crypto analyst Doctor Profit says the Bitcoin (CRYPTO: BTC) October dip many traders are waiting for isn’t coming, arguing that when the market collectively expects the same four‑year‑cycle outcome, it rarely plays out that way. Why the Four-Year Cycle Crowd…
Coca-Cola Co. (NYSE:KO) stock rose about 1% in Friday’s premarket session as investors rotated into defensive stocks while broader market sentiment weakened. Nasdaq futures were down 1.68%, while S&P 500 futures slipped 0.88%. The gain appeared driven by investors seeking…
This week, International Business Machines Corporation (NYSE:IBM) shares took a hit following the news surrounding its preliminary second-quarter results, which fell short of expectations. This disappointing performance was attributed to a shift in client capital spending and execution issues, marking…
A new federal law restricting large private equity firms from purchasing additional single-family homes marks the biggest policy challenge yet to institutional investors’ growing role in the U.S. housing market. The legislation, part of the bipartisan 21st Century ROAD to…