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Intel has postponed its scheduled technology innovation conference in California next month.
Intel has postponed its innovation conference scheduled for next month in San Jose, California. The company is cutting costs and jobs due to dwindling cash reserves. In an email statement released on Friday, the company said it will instead focus on other activities, such as webinars, hackathons, and the Intel AI Summit. Last week, Intel released disappointing sales outlooks and decreased dividends. The company also plans to cut 15% of its workforce, indicating a long road ahead for CEO Pat Gelsinger's anticipated business revival.
Decoding Marathon Oil Corp (MRO): A Strategic SWOT Insight
Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Marathon Oil | 10-Q: Q2 2024 Earnings Report
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
Sector Update: Energy Stocks Rise in Late Thursday Afternoon Trading
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