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Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.Intel shares were down 5.8% in extended trading.The dour outlook from Intel could be another source of pessimism for investors who are counting on Tan to turn the chipmaker around after years of missteps have left it […]

Some Republican lawmakers are seeking an increase in the child tax credit while scrapping other controversial tax benefits.The "Family First Act," sponsored by Sen. Jim Banks, R-Ind., and Rep. Blake Moore, R-Utah, would raise the credit to $4,200 for children under 6 years old and $3,000 for older children. Families can claim the credit for up to six children and would be "fully refundable."Notably, the legislation would add a $2,800 […]

Google parent Alphabet said it would buy back $70 billion worth of shares and increase its dividend by 5% as it reported first-quarter earnings above Wall Street expectations on Thursday.Shares jumped 4% in extended trading, adding about $75 billion to the company's market value.Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit.3M BEATS FIRST-QUARTER ESTIMATES, […]

Thu, 24 Apr 2025 16:08:18 -0400[image][Stock Table]Stocks extended gains for the third-straight trading session on Thursday.The Dow Jones Industrial Average was up 486.83 points, or 1.23%, while the S&P 500 and Nasdaq Composite climbed 2.03% and 2.74%, respectively.The major indexes opened mixed on Thursday after China said there are no ongoing talks with the U.S. on tariffs.Ministry of Commerce spokesman He Yadong said on Thursday that "Any claims about the […]