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Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel, the former crown jewel of the U.S. chip industry, is experiencing one of the largest overhauls in its history. Under the new stewardship of CEO Lip Bu Tan, Intel is dramatically shrinking, planning to trim its staff by 22% by 2025—an enormous number for a company that

Musk's Starlink Suffers Hours-Long Outage After T-Mobile Satellite Service Launch

Musk's Starlink Suffers Hours-Long Outage After T-Mobile Satellite Service Launch

Elon Musk's Starlink satellite internet service suffered a mass outage Thursday, one day after the rollout of T-Mobile's new satellite-based service, T-Satellite, which relies on Starlink's technology. The outage, which hit tens of thousands of customers worldwide, drew raised eyebrows as the appetite for

Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

South Korea's Kia Corp said on Friday that it took a huge hit of 786 billion won ($570 million) in the second quarter of 2025, largely because of U.S. tariffs. The surprise setback helped to send its operating profit down 24% to 2.76 trillion won from

Alphabet Exceeds Q2 Forecast, Increases AI and Cloud Expenditure to $85 Billion in 2025

Alphabet Exceeds Q2 Forecast, Increases AI and Cloud Expenditure to $85 Billion in 2025

Alphabet Inc., Google's parent company, reported its widely watched second-quarter earnings on Wednesday, exceeding Wall Street estimates in all respects and marking an aggressive bet on AI and cloud spending. The technology giant not only posted better-than-expected revenue and profit but also boosted its 2025 capital expenditure guidance

Inflation Bounces Back in June, Accelerating at 2.7% Rate

Inflation Bounces Back in June, Accelerating at 2.7% Rate

U.S. inflation crept higher in June 2025, with the consumer price index increasing 0.3% on the month, taking the annual rate of inflation to 2.7%. The increase, as cited by the Bureau of Labour Statistics (BLS), is in line with market forecasts and marks the highest inflation

Hyundai Motor Q2 Profit Drops 16% as U.S. Tariffs Hit

Hyundai Motor Q2 Profit Drops 16% as U.S. Tariffs Hit

Hyundai Motor Co. said its second-quarter operating profit fell 16%, blaming the decline on new U.S. tariffs imposed on cars and auto parts. The news marks increasing pressure on world automakers coping with trade tensions and volatile market conditions. The South Korean car behemoth recorded an operating profit of

Ether Machine, Supported by Crypto Icons, to Raise More Than \$1.6 Billion in Historic Nasdaq Debut

Ether Machine, Supported by Crypto Icons, to Raise More Than \$1.6 Billion in Historic Nasdaq Debut

In a significant move for the integration of the cryptocurrency industry into mainstream finance, The Ether Reserve, a formidable new crypto enterprise, has revealed its Nasdaq listing through a high-profile merger with special-purpose acquisition company (SPAC) Dynamix Corporation (DYNX.O). The combined company, to be branded The Ether Machine, is