📉The Fed's preferred inflation gauge is below 3% for the first time in years.
📉Intel's shares fell due to disappointing results and outlook.
📉Salesforce and Microsoft announced layoffs, adding to the wave of job cuts.
📉The overall market is trading lower this morning, with stock futures down for the Dow and NASDAQ.
📈Despite the short-term disappointment, Intel's management remains optimistic about the long-term prospects.
What is the current state of inflation?
—The Fed's preferred inflation gauge fell below 3% for the first time in years.
Why did Intel's shares tank?
—Intel reported disappointing results and outlook, causing a decline in its shares.
Which companies announced layoffs?
—Salesforce and Microsoft announced layoffs, joining the growing list of job cuts.
How is the overall market performing?
—The overall market is trading lower this morning, with stock futures down for the Dow and NASDAQ.
What is the long-term outlook for Intel?
—Despite the short-term disappointment, Intel's management remains optimistic about the long-term prospects.
00:09The Fed's preferred inflation gauge is below 3% for the first time in years.
00:38Intel's shares fell due to disappointing results and outlook.
01:56Salesforce and Microsoft announced layoffs, adding to the wave of job cuts.
02:32The overall market is trading lower this morning, with stock futures down for the Dow and NASDAQ.
05:56Despite the short-term disappointment, Intel's management remains optimistic about the long-term prospects.
