Serving tech enthusiasts for over 25 years. In brief: Intel looks set to join the list of companies that are making massive cuts to their workforces this year. Team Blue is reportedly letting go of thousands of employees as it looks to reduce costs amid increasing pressure from shareholders and a declining market performance.

Intel to eliminate thousands of jobs in cost-cutting move

Intel’s on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride. The chipmaker just announced it’s downsizing its workforce by over 15 percent as part of a new $10 billion cost savings plan for 2025, which will mean a headcount reduction of greater than 15,000 roles, Intel tells The Verge. The company currently employs over 125,000 workers, so layoffs could be as many as 19,000 people.

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

The Motley Fool

Super Micro Computer could still have a lot of upside potential.

1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 84%, According to Loop Capital

TechRadar

Intel is reportedly preparing to cut thousands of jobs in an effort to reduce costs and tackle poor revenue predictions and decreased market share.A Bloomberg report claims the layoffs could be announced within days, according to sources familiar with the plan cited by the publication.Intel, which has approximately 110,000 employees, is set to report its most recent quarterly earnings tomorrow. Last quarter, the company drew in $12.7 billion in revenue, up 9% year-over-year, but that same growth is not expected to continue.
Intel may lay off more workers
Under the leadership of CEO Pat Gelsinger, Intel has been heavily investing in R&D...

Intel could be set to announce more major job cuts, with thousands of workers potentially hit

Business Insider

Nvidia AI product lead Subhan Ali says it's all about the game, not the score.

A Nvidia employee shares 4 lessons he learned at the company over the last 5 years

24/7 Wall St.

The semiconductor industry is the backbone of modern technology, powering everything from smartphones to supercomputers. For years, NVIDIA (NASDAQ: NVDA) has reigned supreme as the dominant force in graphics processing units (GPUs), capturing the imagination of investors and gamers alike. $1,000 invested in NVIDIA at IPO would be worth $274,997.38 today.However, a seismic shift may […]
The post Forget Nvidia: This Stock Is the Next Millionaire Maker appeared first on 24/7 Wall St..

Forget Nvidia: This Stock Is the Next Millionaire Maker

Port Richey, FL

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Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

shefinds

It’s no secret that Prince Harry feels very strongly about the lack of private security he and his family will have when they visit the U.K., after he lost his right to public-funded private security when he and Meghan Markle stepped down as se...

King Charles Is Reportedly ‘Heartbroken’ After Prince Harry Tells Him He Cannot See His Grandkids Until Security Issues In The UK Are Resolved: A ‘Clear Message To The King’

Fox Business

The energy needs met by fossil fuels will be prevalent "to 2060 and beyond," according to one billionaire businessman who believes Democrats are waking up to that "truth."

Billionaire oil CEO says Democrats are 'starting to recognize' the green energy push is 'all a fallacy'

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Palantir's long track record in AI positions it for serious growth.

1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Check out the companies making headlines in extended trading:. — Shares of the iPhone maker inched higher, as the company beat analysts' estimates on the top and bottom lines. Apple reported fiscal third-quarter earnings of $1.40 per share while analysts polled by LSEG called for $1.35 per share. Revenue clocked in at $85.78 billion, also surpassing the Street's estimates.

Stocks making the biggest moves after hours: Apple, Amazon, Intel, Snap and more

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Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Microsoft will hand out one-time cash awards to nonexecutive employees. Amounts will depend on role and bonus size, but will top out at 25% of annual bonus. Microsoft outperformed the Nasdaq over the past year, and revenue growth accelerated compared to the prior fiscal year. Salaried and hourly workers at...

Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus

Nvidia started as a humble graphics card maker. Now it’s riding the tech industry’s AI obsession to absurd new heights. The company added $329 billion to its market cap on Wall Street today after a record-breaking day of stock trading, Bloomberg reports. Suggested Reading. Devs Say Working With...

Nvidia Just Grew By $329 Billion In A Single Day

Artificial intelligence (AI) has the chance to become one of the biggest and most impactful technological innovations of our time. The applications of the technology are still in the very early innings, as is the buildout of the infrastructure needed to test large language models (LLMs) and run AI inference.

3 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

NewsBreak

Intel to lay off 15,000 employees

“Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo...

Intel to lay off 15,000 employees

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