The chip giant reported more stellar results but its shares fell after-hours as investors wonder if it can keep up its pace of growth amid greater competition.
The UK-headquartered banking giant aims to move some of the effected workers to other roles in the business.
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
The fed funds futures market is pricing in an increase as soon as December.
The fed funds futures market is pricing in an increase as soon as December.
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
Bond traders are hoping that the central bank's easing bias is replaced with a skewed view toward tightening.
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
Here's some of the places where prices are rising fast for consumers.
Here's some of the places where prices are rising fast for consumers.