The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Intel raised its full-year outlook and reported quarterly earnings that easily topped analysts' expectations on Thursday.
Here's how the company did compared with what Wall Street expected:
Intel said it now expects full-year earnings of $3.25 per share on revenue of $62 billion. That's up from its previous forecast for earnings of $3.00 per share on $61.3 billion in revenue.
The company reported net income of $4.52 billion. That figure represent's 34 percent year-over-year growth.
In the year-ago quarter, Intel reported adjusted earnings of 80 cents a share on $15.78 billion in revenue.
Shares of Intel gained more than 1 percent in after-hours trade.
The stock has been on a tear this year, gaining 14 percent as of its Thursday close. During the normal session, shares of Intel set a fresh 52-week intraday high of $41.58.
While the client computing group still brings in the lion's share of overall revenue, Intel has been shifting its focus away from the personal computer market amid declining PC shipments. The segment reported better-than-expected revenue of $8.86 billion, or roughly flat year-over-year.
The company has instead highlighted its opportunities in new markets such as artificial intelligence and cloud infrastructure.
Earlier this month, Intel said it is collaborating with Facebook to develop artificial intelligence chips for data centers.