It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."Technologyread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Intel met first-quarter profit expectations but fell slightly short of revenue projections Tuesday, citing sluggishness in its personal computer business but strong growth in the data center segment.
The chipmaker posted earnings per share of 41 cents, compared to 38 cents per share a year earlier. Revenue came in at $12.78 billion, nearly flat from $12.76 billion.
"We had enough growth in the data center, Internet of Things and memory to actually keep the company flat," said Intel Chief Financial Officer Stacy Smith in an interview on CNBC's "Closing Bell. "
Smith added that Intel projects the PC segment to be "more flat than a growth market" moving forward.
Intel shares were up 2 percent in extended trading. Click here to see what Intel shares are doing now.
Analysts expected the company to post earnings of 41 cents per share on revenue of $12.9 billion, according to a consensus estimate from Thomson Reuters.
Revenue in its client computing group fell 8 percent year over year to $7.4 billion. Intel touted its data center segment, which saw sales rise 19 percent to $3.7 billion.
Internet of Things revenue grew 11 percent from a year earlier to $533 million.
"We expect the PC market to remain challenging," said Intel CEO Brian Krzanich in the company's earnings conference call Tuesday.
The company also issued second-quarter sales guidance of $13.2 billion. Intel set its full-year revenue outlook as "approximately flat" from the previous year.
The chipmaker previously warned on decreasing PC demand. Last month it lowered its first-quarter revenue guidance by nearly $1 billion, citing "weaker-than-expected demand for business desktop PCs and lower-than-expected inventory levels across the PC supply chain."
Intel shares have plunged 13 percent this year.