Friday, September 20, 2024

Intel shares sink more than 25% as US stocks fall on jobs data

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Intel unveils new chip tech in AI battle with Nvidia, AMD

Wall Street stocks fell early Friday following weak US jobs data while Intel shares sank more than 25 percent after it announced deep job cuts. The US economy added 114,000 jobs last month, down from June’s revised 179,000 figure, while the jobless rate rose to 4.3 percent, the highest level since October 2021. The new […]

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