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Oil Futures Set for Biggest Weekly Loss Since June
Bloomberg Television· 2026-04-10 06:07
We have oil rising for a second day. They're still notably below 00 a barrel on both WTI and Brent. But this after Saudi Arabia said that its production capacity has been reduced due to attacks on its infrastructure.Those you can see crude futures are still lower for the week. Well, let's bring in Bloomberg's Middle East energy reporter, Anthony di Paola, for more now. Anthony, good morning.I wonder how much damage have the attacks on Saudi energy facilities had and how many barrels do we think have been lo ...
Intel Shares Plummet 16%—Pacing Worst Loss Since 2020
Forbes· 2026-01-23 15:25
Core Viewpoint - Intel's stock has experienced significant volatility, with a recent sharp decline following a mixed earnings report that highlighted production challenges despite strong demand [1][2][3] Financial Performance - Intel reported fourth-quarter revenue of $52.8 billion and earnings per share of $0.42, exceeding economists' expectations of $52.6 billion and $0.34 per share [2] - The company anticipates first-quarter revenue between $11.7 billion and $12.7 billion, with earnings projected to break even, which is below previous estimates of $12.5 billion in revenue and $0.05 in earnings [2] Production Challenges - Intel's CEO Lip-Bu Tan indicated that production levels are not meeting the company's standards, despite experiencing "quite strong" demand [3] - The company is on a "multiyear journey" to improve its operations, which will require "time and resolve" [3] Stock Market Reaction - Following the earnings report, Intel's stock fell by more than 16%, marking its largest intraday decline since July 2020, with shares dropping to approximately $45.45 [1]