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NVDA

Intel Corp (NASDAQ:INTC) plans to lay off around 19,000 employees as part of a cost-reduction strategy, which includes reducing operating expenses and capital expenditures by over $10 billion by 2025. The article compares Intel's salary offers to those of other tech giants like Nvidia, Microsoft, OpenAI, Apple, and Alphabet.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 7:51 pm

DAL

Delta Air Lines is being sued by passengers for refusing refunds after a computer outage last month. The lawsuit claims that Delta failed to provide timely refunds for canceled flights, causing financial distress to passengers.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:24 pm

TLIS

Talis Biomedical shares are trading lower following the company's announcement of a board restructuring.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:21 pm

JPM

SPY

JPMorgan CEO Jamie Dimon stated in a CNBC interview that the U.S. is not currently in a recession. This statement could influence investor sentiment regarding the economic outlook and financial markets.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:24 pm

JPM

SPY

JPMorgan CEO Jamie Dimon expressed hope for a soft landing in the economy but remains skeptical about inflation reaching the 2% target. This was discussed during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:19 pm

INTC

Intel Corp (NASDAQ: INTC) shares are trading slightly higher after a volatile period following disappointing Q2 earnings. The company reported earnings of 2 cents per share, missing the analyst estimate of 10 cents. In response, Intel announced a $10 billion cost-reduction plan, including a 15% workforce reduction and suspension of its dividend starting in Q4 2024. Analysts have mixed reactions, with BofA Securities downgrading the stock and others maintaining Neutral ratings but lowering price targets.

Portfolio Pulse from Henry Khederian

August 07, 2024 | 4:27 pm

BURU

Nuburu has announced a new partnership with NexgenAi, marking its entry into the AI sector. The company also hinted at upcoming press releases and an interview with the CEO, which will provide updates on their core business and corporate strategies.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:20 pm

MOS

Mosaic reported recent serious safety incidents, including a fatality in New Wales. Despite strong in-season fertilizer demand in Brazil, the company expects a sequential sales volume decrease in Q3. Limited phosphate exports from China are expected to support global prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:44 pm

HEPA

Hepion Pharmaceuticals announced that Interim CEO and CFO John Cavan has departed. Executive Chairman John Brancaccio has been appointed as the new Interim CEO and CFO.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:09 pm

CVS

CVS Health Corp (NYSE:CVS) reported mixed Q2 earnings, missing revenue expectations but beating EPS estimates. The company lowered its 2024 outlook and announced leadership changes in its Health Care Benefits segment. CVS stock has been volatile, with a slight premarket increase.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 1:04 pm