The stock has fallen around 30% so far this year as Intel trails rival chip companies like Nvidia in producing advanced artificial intelligence (AI) chips and components. Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data. Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories.
Interest income rose nearly six times to $28 million in the first quarter ended March, primarily due to interest earned on $5 billion investment of debt proceeds used to fund the purchase of NFP. Last year, Aon agreed to buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory. Fiduciary investment income, which rose to $79 million in the quarter from $52 million a year ago, refers to interest earned on funds held in a fiduciary capacity by entities acting in a custodial role.
Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The workers are seeking higher pay, institution of cost-of-living adjustments and greater job security from the heavy-truck maker, UAW President Shawn Fain said during an online speech earlier this week. "Workers' wages at Daimler have not kept up," he said on Tuesday.
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|
Symbol | Last price | Change | % change |
---|---|---|---|