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Intel is struggling to gain traction in AI chips while Nvidia and AMD roar ahead

Earnings show pockets of strength but leave many more questions.

U.K. consumers feeling brighter as year starts, with inflation trending down

U.K. consumers continue to feel cheerier as 2024 starts, according to a survey released Friday.

Intel’s stock plunge shows that Wall Street still hasn’t learned its lesson on AI hype

Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity.

Norfolk Southern to reduce non-union workforce by 7%

Freight railroad Norfolk Southern said in a staff memo Thursday that it is laying off 7% of its non-union workforce amid a tough freight cycle.

KLA shares drop following second-quarter profit miss

Shares of KLA declined 6% in after-hours trading Thursday after the company posted a profit miss in its fiscal second quarter amid weaker demand levels.

GM’s Cruise discloses Justice Department, SEC probes into crash that injured pedestrian

Autonomous-vehicle company Cruise confirmed Thursday that the U.S. Justice Department and the Securities and Exchange Commission are among agencies that have opened investigations into an October crash that critically injured a pedestrian in San Francisco.

Levi Strauss to lay off 10% to 15% of corporate workforce, stock slides as profit forecast disappoints

With new leadership coming in after difficult 2023, Levi Strauss & Co. on Thursday announced plans to lay off staff and cut costs over the next few years — part of a multi-year “global productivity initiative” that didn’t do much for the iconic jeans-maker’s share price following a disappointing profit forecast.

Free IRS online tax prep is coming — and MarketWatch saw it in action

Starting in March, taxpayers in 12 states can try Direct File, a free online tax-prep service similar to TurboTax and H&R Block.

Visa calls out ‘resilient’ spending upon earnings beat, but its stock falls

Visa shares were dipping in after-market trading Thursday, though the payments giant beat with its latest earnings during a period of “resilient” spending.

These sector ETFs could make big moves if Trump is seen winning the White House

ETF investors are gaming out how another Donald Trump presidency could impact stock-market sectors.

In Canada, a customer was made to sign a waiver before eating his medium-cooked burger. Why restaurants in America won’t do that.

The issue arose recently at a Toronto establishment — and many U.S. dining spots already have waivers in place for spicy food items.

Tesla, GM and Ford price cuts suggest that electric cars may be at a dead end

EV doubters like Toyota bet on hybrids and now look prescient.
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