Intel Cuts Dividend Amid Turnaround Efforts

Intel Corporation, the world’s largest chipmaker, has announced a two-thirds cut in its dividend, dropping it to 50 cents a year. The move comes as the company faces mounting pressure to fund its expensive turnaround plan amid concerns over its competitive position and a sinking market for PC sales that still drives the bulk of

Warren Buffett Sells More Than He Buys in Q4

The investment firm of Warren Buffett, Berkshire Hathaway, has sold more shares than it bought in the final quarter of 2022, according to a regulatory filing. While the filings only reflect investors’ equity holdings at the end of the previous quarter and not necessarily what their portfolios look like today, the move provides insight into

Google AI “BARD’ Falls Behind Microsoft in Search Race

Google AI “BARD’ falls behind OpenAI’s ChatGPT. Alphabet’s market value took a $100 billion hit on Wednesday. The dip came after the chatbot, Bard, shared inaccurate information in a promotional video and a company event failed to impress. Investors are now worried that Google is losing ground to rival Microsoft. Shares of Alphabet slipped 9%

Elon Musk Triumphs Again: Jury Clears Tesla CEO

Elon Musk triumphs, after he has won the recent court case against investor claims that he violated federal securities law. The jury rejected the claims and found that the investors failed to prove their case against Elon Musk and Tesla Inc. This case is another example of Elon Musk‘s unusual appetite for seeing cases through

Repo 105 and Lehman Brothers

Lehman Brothers’ use of Repo 105 is a cautionary tale of the dangers of opaque financial instruments and the importance of transparency and accountability in the financial industry. The controversy surrounding the use of this instrument played a significant role in the collapse of Lehman Brothers and the subsequent global financial crisis. While regulations have