Intel (INTC) is in the midst of one of the most tumultuous periods in its 56-year history. Declining sales, missed opportunities to compete in the AI space, and a massive turnaround effort by CEO Pat Gelsinger looking to return the company to its former glory are putting significant pressure on the chip giant’s bottom line and share price.And things for the company are only getting more interesting.Last Monday, Intel announced that it signed a deal with Amazon (AMZN) to build custom chips for Amazon Web Services, a positive sign for the company’s nascent third-party foundry business.Then, on Friday, the Wall…
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Despite a significant drop in European EV sales this year, automakers are pressing forward with their electrification plans. Peugeot, for example, is set to reveal its new e-3008 and e-5008 crossover SUVs at the upcoming Paris Motor Show. These electric vehicles boast impressive range capabilities, surpassing even the Tesla Model Y. With certifications for their efficiency, Peugeot aims to position these models as competitive options in the European market. The e-3008 and e-5008 are expected to offer a range of up to 700 km and 668 km, respectively, on a single charge. These figures significantly exceed the range of the…
The Ghia L6.4, a rare and luxurious coupe built in limited numbers during the early 1960s, remains a fascinating example of automotive artistry. Despite its high price tag, the L6.4 offered exceptional performance thanks to its powerful Mopar internals. The car’s origins can be traced back to the Dodge Fire Arrow IV concept, which was designed by Virgil Exner in 1954. Impressed by the concept’s elegance, businessman Eugene Casaroll acquired the rights to produce it and, with the help of Exner and Ghia, transformed it into the Dual-Ghia. However, financial difficulties forced Dual Motors to cease operations, leaving the L6.4…
Image source: Getty Images Mining is back! Or is it? After boom years, miners like Glencore (LSE: GLEN) have found the going tough lately. Last year, post-tax profits at Glencore fell over 80% and the dividend was cut by three-quarters. But with signs that demand for raw materials could be set to rebound even amid a fairly weak economy, might the Glencore share price rise from here? Uncertain demand picture On one hand, the outlook for mining continues to be plagued both by uncertainty and a generally weak economic backdrop. More positively, though, governments including China have lately been laying…
Despite its success in the US automotive market, Toyota faces a disappointing sales performance for one of its most anticipated models. While the Ford Mustang has seen a surge in sales, Toyota’s GR86 and GR Supra have struggled to compete. The GR86, produced jointly with Subaru, has sold reasonably well, but the GR Supra, a flagship sports car, has underperformed significantly. To address this, some digital designers have proposed a TRD tuned version, offering enhanced performance and off road capabilities. This move could potentially revitalize the model’s popularity and align it better with Toyota’s racing heritage. By leveraging TRD’s expertise…
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly eased on Wednesday with energy shares, while U.S. Treasury yields rose as investors stuck to the view that the Federal Reserve will be able to create a soft landing for the U.S. economy. gave back earlier gains a day after China’s central bank unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government’s growth target. In the U.S., Wednesday’s data that showed new home sales falling in August had little impact on markets. Data on Tuesday showing U.S. consumer…
Eleanor, a legendary Ford Mustang, has gained iconic status through its numerous Hollywood appearances. While its fame has become somewhat diluted due to overuse, this particular Eleanor stands out as a truly exceptional example. Restored with meticulous attention to detail, it’s a certified Eleanor Tribute Edition, capturing the essence of the car driven by Nicholas Cage in the film. Under the hood, a 351ci Windsor V8 engine with performance upgrades, paired with a Tremec five-speed manual transmission and a dual side-exit exhaust system, delivers a thrilling combination of power and sound. The car’s handling and braking have been enhanced with…
The race to colonize the Moon is heating up, with companies worldwide developing innovative technologies to support human habitation. One such company, Honeybee Robotics, has been making significant strides with its Lunar Array Mast and Power System (LAMPS). This deployable solar array system is designed to harness the Sun’s energy in permanently shadowed lunar craters, where future human activity is expected to be concentrated. LAMPS is a crucial component of a sustainable lunar colony. By providing a reliable source of power, it will enable astronauts to conduct research, operate equipment, and maintain essential life support systems. The system’s ability to…
The U.S. Secret Service insignia is pictured on a wall at the Secret Service headquarters in Washington.Kevin Lamarque | ReutersThe U.S. Secret Service is investigating allegations that one of its agents sexually assaulted a female staff member of the office of Vice President Kamala Harris, the agency confirmed Wednesday.The agent, who was a member of Harris’ protective detail, has been placed on administrative leave.He allegedly forced himself onto the woman and groped her in her hotel room after eating a meal and drinking alcohol with her and several other Harris staffers at a restaurant in Green Bay, Wisconsin, during a…
Image source: Getty Images Looking back over the last 10 years, Greggs (LSE: GRG) shares have been a standout performer on the FTSE 250. From a single shop, the baker has become a high street staple. In the last decade, its share price has climbed by over 490%. This year the retailer has kept up that strong performance, rising by 19.4% year to date. For comparison, the FTSE 250 is up 6.7% across the same period. I think the FTSE 250 is full to the brim with quality. But, on paper, given its growth, there’s certainly a case to be…