Intel Announces Dismal Financial Results, Will Lay Off 15,000 Workers

Intel, the world’s largest chipmaker, has announced a massive $10 billion cost-cutting plan that includes cutting more than 15,000 jobs, or about 15% of its global workforce, while the administration plans to spend $8.5 billion as part of the CHIPS Act, which aims to create high-tech jobs. The Verge Reports Intel CEO Pat Gelsinger announced […]

Intel to cut 15,000 jobs after 'disappointing' second quarter results

Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday. The layoffs come as part of an effort to achieve $10 billion in cost savings by 2025 after the chipmaker reported “disappointing” second-quarter results. “This is tough news for me,” Gelsinger said, […]

U.S. And Allies Believe Venezuela’s Election Results Are ‘Illegitimate’

CARACAS, VENEZUELA – JULY 29: Demonstrators run waving Venezuelan flags as they protest the official results of the presidential elections (National Electoral Commission) (Photo by Jesús Vargas/Getty Images) By Blake Wolf, OAN StaffFriday, August 2, 2024, 11:15 a.m. Venezuela’s recent presidential election, sparked by claims of an unfair victory by current Socialist President Nicolas Maduro, […]

Venezuelan President Nicolas Maduro wins re-election, as opposition disputes results

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Biden-Harris official, other international leaders question results of Venezuelan election after Maduro declared winner

Although official tallies from 15,000 polling stations across the country have yet to be released, Venezuela’s socialist President Nicolas Maduro was declared the winner of this weekend’s election, which has been questioned by international leaders, including the Biden-Harris administration’s secretary of state. Saturday, Venezuelan People began lining up on Sunday for a chance to vote […]

McDonald’s posts weak quarterly results as higher fast food prices hurt demand

“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. Burger chain McDonald’s Inc. on Monday reported an unexpected drop in sales and a quarterly profit that fell short of Wall Street expectations as rising menu prices helped it struggle to attract cash-strapped customers who […]