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Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand"
Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand"
After a dismal day that saw tech stocks wrecked on the shores of hyperscalers' CapEx and inferred from Alphabet's earnings, tonight sees Intel's Lip-Bu Tan ride to the rescue with better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations.
Beat on the top- and bottom-line:
Earnings per share: 42 cents, adjusted, versus 21 cents expected
Revenue: $16.1 billion, versus $14.42 billion expected
Upped Guidance: For the current quarter, Intel...
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Aug 31, 2026 / Dave DeCamp
Turkish F-16s Launch Airstrikes Near Mogadishu as US-Backed Somali Govt Fights Major Battle With al-Shabaab
Turkish F-16 fighter jets have carried out airstrikes outside Mogadishu as US-backed Somali federal government forces have been locked in a major battle with al-Shabaab over Basra, a village about 22 miles northwest of the Somali capital. Garowe Online reported the Turkish strikes, but Ankara and Mogadishu have yet to officially confirm them. Local sources told Garowe […]
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Oct 13, 2026 / Tyler Durden
Judge Blocks Further Tree Removal At DC Golf Course Trump Seeks To Renovate
Judge Blocks Further Tree Removal At DC Golf Course Trump Seeks To Renovate
Authored by Jackson Richman via The Epoch Times,
A federal judge issued a restraining order blocking further tree removal at a historic golf course the president plans to remake in Washington, after the Trump administration waited until nearly 5 p.m. on Friday to notify the court before removing hundreds of trees over the weekend.
In an emergency hearing on Oct. 12, Judge Ana C. Reyes of the U.S. District Court for the District of Columbia said she was "furious"...
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Jun 16, 2026 / Tyler Durden
San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI
San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI
Authored by Kimberley Hayek via The Epoch Times,
A federal judge dismissed a trade secret lawsuit filed by Elon Musk’s xAI against OpenAI, ruling that the plaintiff failed to demonstrate the competing artificial intelligence company improperly obtained confidential information.
U.S. District Judge Rita Lin issued the order Monday in San Francisco, dismissing the case with prejudice, resulting in xAI being unable to refile an amended version of the complaint based on the same arguments.
Lin found that xAI did not make clear that...
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