Intel’s Strong Q1 Earnings Overshadowed by Disappointing Revenue Outlook, Stock Plummets 5%
Intel’s First Quarter Earnings Report
Intel, trading under the symbol INTC, released its first quarter financial results, surpassing analysts’ expectations for both revenue and earnings. However, the company’s forecast for the second quarter fell short of Wall Street’s projections, leading to a decline in its stock value.
Q2 Revenue Outlook
Intel’s projected revenue for the second quarter is expected to range between $12.5 billion and $13.5 billion, falling below analysts’ consensus of $13.63 billion for the upcoming period.
AI Market Expansion
With the introduction of its new Gaudi 3 AI accelerator, Intel aims to increase its market share in the AI sector, competing against industry giants like Nvidia and AMD. Additionally, the company is targeting consumer and enterprise customers with its AI PC lineup.
Financial Performance
In the first quarter, Intel
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Intel’s Strong Q1 Earnings Overshadowed by Disappointing Revenue Outlook, Stock Plummets 5%
Oil prices decreased – 04-24-24
– 2024-04-25 19:43:08
As a result of the April 24 trading sessions of the world’s largest commodity exchanges, the following oil prices were set.
On NYMEX (New York Merchantile Exchange) exchange, the price of WTI (Light Sweet) oil decreased by 0.67% and amounted to 82.
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The psychological barrier has broken. We got a photo from the gas station
#psychological #barrier #broken #photo #gas #station
On Thursday, you had to pay PLN 7.02 for a liter of standard 95 petrol at the Orlen station at Bennetta Street in Warsaw. A photo of the pylon from this station was sent to us by our reader via the platform dziejesie.wp.pl.
The basic version of diesel fuel cost PLN 6.99 per liter at Bennett, and LPG – PLN 3.09. Orlen’s 98 petrol cost PLN 7.59 per liter, and the better diesel variant – PLN 7.22.
The station at Bennetta is specific because it is located in the immediate vicinity of the largest airport in Poland, at Okęcie in Warsaw. In such a place, higher prices should not be a big surprise. But This is not the only location where in recent days the price of the basic version of gasoline has exceeded the psychological limit of PLN 7 per liter.
The rest of the article is below the video
See also: We asked the young people. Do th
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The psychological barrier has broken. We got a photo from the gas station
Duralex, in financial difficulty since the energy crisis, placed in receivership
In difficulty since the energy crisis of 2022, the Orléans commercial court decided, Wednesday April 24, to place the French glassmaker Duralex in receivership, with an observation period of six months, Agence France learned. Press (AFP), at the court.
During a hearing that lasted just over an hour, the court appointed two legal representatives, and adjourned the case to June 5. “The court hopes to find a buyer” for the French company in difficulty, a magistrate explained to the press at the end of the hearing.
At the hearing, during which the professional judges took turns hearing two elected officials from the s
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Duralex, in financial difficulty since the energy crisis, placed in receivership
For the moment, municipalities must welcome third-country nationals again
For the time being, municipalities must continue to welcome so-called third-country nationals and guarantee them the same rights as other refugees from Ukraine. This is what the outgoing Secretary of State for Asylum and Migration Van der Burg writes in a letter addressed to the House of Representatives.
Van der Burg says he is forced to make this decision because the Council of State has referred questions about the matter to the Court of Justice of the European Union. The highest administrative court said today by the European Court to find out when the right of residence of third-country nationals expires. Until a response is received, ongoing proceedings at the State Council are suspended.
Third-country nationals are people who do not have Ukrainian nationality but who have obtained asylum or a permanent residence permit in Ukraine. According to Van der Burg, the renewed reception of this group of refugees will last at least until the European Court has provided an answer. It is not known when this will happen.
“For now let’s clarify”
The Secretary of State informed the municipalities of the decision. Due to ongoing legal procedures, many municipalities no longer knew exactly what to do. Some municipalities stopped welcoming third-country nation
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For the moment, municipalities must welcome third-country nationals again
Fubon Financial Holdings declares dividend increase for Fubon Gold
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Fubon Gold’s dividend is out! (File photo report/Hong Kaiyin in Taipei)
Fubon Financial Holdings announced on the 25th that the board of directors approved the proposed allotment of a cash dividend of 2.5 yuan per common share and a stock dividend of 0.5 yuan, with a total dividend distribution of 3.0 yuan. The total dividend distribution rate reached 62.5%, which was higher than last year’s total dividend by 2.0 yuan; if calculated based on Fubon Gold’s closing price today of 66.4 yuan, the dividend yield is 3.76%.
Fubon Financial Holding’s net profit after tax in 2023 was 66.017 billion yuan, with earnings per share (EPS) of 4.8 yuan, making it a double profit leader among financial holdings and the highest EPS profit leader among financial holdings for 15 consecutive years; Holdings Management said that cash dividends are distributed on the basis of a comprehensive consideration of the overall profit and surplus transferred by subsidiaries.
In addition to cash dividends, Fubon Financial Holdings announced a stock dividend of 0.5 yuan per share this time, giving shareholders the option to
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Fubon Financial Holdings declares dividend increase for Fubon Gold
We bought Nvidia shares before the hype – that’s how rich we are today
The Slave Vlasic/Getty Images; Chelsea Jia Feng/BI
Nvidia has been a cash cow for investors lucky enough to get in ahead of the AI-driven rally.
The company’s shares have gained 1,500 percent since 2019 as its graphics processors power the AI revolution.
Early retail investors told Business Insider that they used their winnings to pay for cars, vacations and dream homes.
This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.
The dizzying rise of Nvidia stock in recent years has brought extraordinary profits to many retail investors. Especially those who got in before the chip maker became an artificial intelligence superpower.
The stock’s steep rise — over 1,500 percent since 2019 — has changed the lives of some of Nvidia’s long-term retail investors. For some, that meant more comfortable pensions, new cars and millions in winnings.
Business Insider reviewed brokerage and account statements to verify the profits and account balances of the investors it spoke with. Some of them only want to be identified by their first names to protect their privacy.
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Are bonds better stocks? This is what a Blackrock manager says
Nvidia: from gaming icon to AI superpower
Tom, a 48-year-old small investor from New Jersey, first bought Nvidia in 2011, when the stock was valued at just five US dollars (just under 4.7 euros). At that time he invested 12,000 US dollars (11,200 euros) and in 2022 another 50,000 US dollars (almost 47,000 euros). His total share is now worth three million US dollars (2.8 million euros).
His fortune, most of which is invested and remains untouched, was a matter of research and good timing, he said.
“They were the original inventors of GPUs,” he said. “I’m not even much of a technician. I’m not a computer person at all, but I knew the GPUs would be worth something one day.”
Nvidia has gone from gaming icon to AI superpower seemingly overnight. In the early days of the pandemic, the company’s shares rose as gamers, running out of time due to coronavirus lockdowns, upgraded their computers with the latest Nvidia GPUs.
Then, in November 2022, the debut of OpenAI’s ChatGPT fueled stunning growth in Nvidia stock, as Nvidia’s graphics processors were the only company in town that could power such AI programs. Since then, the stock has essentially risen parabolically.
According to data from Vanda Research, Nvidia is now the top stock among retail investors, surpassing the portfolio concentrations of Apple, Tesla and SPY, the most popular S&P 500 exchange-traded fund.
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We bought Nvidia shares before the hype – that’s how rich we are today
Perception of poverty in Colombia fell 3.3% in 2023
– 2024-04-25 21:05:42
The National Administrative Department of Statistics (DANE) released the results of the 2023 Quality of Life Survey (ECV), comparing key indicators since 2019.
One of the most significant data is the reduction in the perception of poverty among heads of household, which has decreased from 50.6% in 2022 to 47.3% in 2023, marking a substantial change in the growing trend of previous years. Although the proportions remain high, especially in rural areas where it reaches 70.5%, this decrease is a positive sign.
“Although the proportions of heads or spouses who conside
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Perception of poverty in Colombia fell 3.3% in 2023 – 2024-04-25 21:05:42
Three bidders compete to build and operate Wastewater Treatment Plant in Puerto Maldonado
After a rigorous evaluation, three (3) bidders prequalified for the final stage, presenting technical and economic proposals, of the international competition that will allow the construction, operation and maintenance of a Wastewater Treatment Plant – WWTP in Puerto Maldonado, Madre de Dios. , reported the Private Investment Promotion Agency (PROINVERSIÓN).
These are two (2) consortiums and a company with global operations that were prequalified after presenting the documents required in the bases (envelope No. 1), to demonstrate compliance with technical experience in construction and operation of wastewater treatment plants. and financial solvency.
Those prequalified are Intercontinental Technology, SAPI de CV; as well as the Saneamiento Puerto Maldonado consortia (BTD Capital 12, SL and Calare Investments, SL) and Copasa-Almar (Sociedad Anónima de Obras y Servicios, COPASA, Sucursal del Perú and Almar W
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Three bidders compete to build and operate Wastewater Treatment Plant in Puerto Maldonado
Fines of 1,480,000 euros on 11 large chains and businesses for misleading discounts
– 2024-04-25 21:11:34
Fines totaling 1,480,000 euros were imposed by the Ministry of Development on 11 companies following audits carried out by the Interagency Market Control Unit (DIMEA) and the Consumer Protection Directorate.
They concern violations of the provisions on fictitious discounts and offers, but also non-compliance with consumer legislation.
Particularly:
1. For violations of the provisions of paragraph 2a of article 15 of Law 4177/2013, regarding the implementation of misleading discounts and offers to consumers, were imposed fines totaling 1,380,000 euros in seven companies.
In accordance with the provisions of article 13a of Law 2251/1994, regarding the announcement of the names of companies that were fined more than 50,000 euros, the following fines were imposed:
– SGB HELLENIC PROPERTY CONSTRUCTION COMPANY S.A. (LEROY MERLIN) – 520,000 euros
– ATTIC DEPARTMENT STORES – 300,000 euros
– KOSMOS SPORT S.A. – 220,000 euros
– JYSK AE – 120,000 euros
– WEB SUPPLIES MONOPROSOPI S.A. – 100,000 euros
– STOCK MON. .E.P.E. – 100,000 euros
– OTHER COMPAN
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