(Bloomberg) — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy and to preserve cash for an ambitious turnaround plan.Most Read from BloombergChief Executive Officer Pat Gelsinger is taking a 25% cut to his base salary, the chipmaker said Tuesday. …
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Finance Minister Nirmala Sitharaman did not mention crypto, virtual or digital assets, blockchain or central bank digital currencies on Wednesday while unveiling the nation’s budget, which indicates the latest tax rules. But hidden in the fine print was a change to TDS rules which affect virtual digital assets (VDAs).
The Federal Reserve will announce its latest interest rate increase Wednesday afternoon. The central bank has been on an aggressive campaign that has produced nearly monthly rate hikes since March. It’s all part of an effort to slow inflation. While there are now ample signs that inflation is, indeed, decelerating, some indications suggest that the …
February 2023. How much will the Federal Reserve raise rates? Read More »
Opening up another front in the increasing tensions between Big Tech and Washington, the Biden administration released a new report Wednesday that outlined what they say are a host of anticompetitive practices inside the nation’s biggest mobile app stores.The report from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) concluded that “the current …
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WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) charge on mobile app stores The move is part of a larger policy drive to promote competition in consumer markets, officials …
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The Dow Jones Industrial Average briefly fell more than 225 points Wednesday ahead of the Federal Reserve’s rate hike decision, due in the afternoon. Social media company Snap (SNAP) plunged as much as 13% after falling short of revenue estimates. And Tesla (TSLA) stock reversed lower even after Reuters reported the electric-vehicle giant plans to …
AMD stock rose Wednesday after the chipmaker reported stronger-than-expected data center chip sales in the fourth quarter. But Advanced Micro Devices (AMD) tempered that news with soft guidance for the current period. X The Santa Clara, Calif.-based company late Tuesday said it earned an adjusted 69 cents a share on sales of $5.6 billion in …
Jan 31 (Reuters) – OpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post on Wednesday.ChatGPT is a free program that generates text in response to a prompt, including articles, essays, jokes and even poetry, which has gained …
ChatGPT owner launches ‘imperfect’ tool to detect AI-generated text Read More »
(Bloomberg) — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy and to preserve cash for an ambitious turnaround plan.Most Read from BloombergChief Executive Officer Pat Gelsinger is taking a 25% cut to his base salary, the chipmaker said Tuesday. …
Intel Slashing CEO and Managers’ Pay in a Bid to Preserve Cash Read More »
The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty ImagesA technical committee of the influential OPEC+ oil producers’ coalition has made no recommendation to change the group’s existing production policy in its latest meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring …
OPEC+ committee recommends no change in oil output policy at virtual meeting Read More »