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Intel Tumbles Most in Almost Four Years After Tepid Forecast
(Bloomberg) -- Intel Corp., the biggest maker of personal computer processors, tumbled the most in almost four years on Friday after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Pho
Bloomberg•Alphabet market cap tops $2 trillion after earnings beat, dividend announcement
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
Yahoo Finance•Tesla’s Most Crucial Metric Drops to the Lowest in Three Years
(Bloomberg) -- The metric Tesla Inc. told investors early last year was most important to its executives is in steady decline.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform ItThe carmaker rep
Bloomberg•Hertz loses another $200 million from its EVs
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
Yahoo Finance•Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year.
Associated Press Finance•Trump to set interest rates himself under secret presidential plan
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
The Telegraph•Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand, analyst says
A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand.
Yahoo Finance•American workers are slowly regaining power
New worker protections, expanding labor unions and a strong job market are finally helping the typical worker get ahead. Americans aren't feeling it.
Yahoo Finance•Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
MarketWatch•Palantir Stock Has AI Upside, but the Valuation Is ‘Excessive,’ Analyst Says
Monness, Crespi, Hardt analyst Brian White upgraded shares of software firn Palantir to Neutral from Sell without a price target.
Barrons.com•