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Intel cuts back spending, workforce as struggling chip maker mounts comeback

(AP) — Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. and Advanced Micro Devices Inc. In a memo to employees Thursday, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 “core” workers excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees at the end of last year. The company previously announced a 15% workforce reduction. “I know the past few months have ...

U.S. stocks tick toward another record following a U.S.-Japan trade deal

NEW YORK (AP) — U.S. stocks were ticking toward another record on Wednesday following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States. The S&P 500 was 0.5% higher, coming off its latest ...

Beef prices have soared in the U.S.—and not just during grilling season

OMAHA, Neb. (AP) — Anyone firing up the grill this summer already knows hamburger patties and steaks are expensive, but the latest numbers show prices have climbed to record highs. And experts say consumers shouldn’t expect much relief soon either. The average price of a pound of ...

Hall Financial welcomes new financial adviser

PARKERSBURG — Hall Financial Advisors has added Cody Venderlic as a financial adviser. Venderlic, a native of St. Marys, is the 10th adviser at the firm. He graduated from St. Marys High School and earned a bachelor’s of arts in early childhood education with leadership certification from Marietta College. He later completed a master’s degree in educational business administration through the American College of Education. Before joining Hall Financial Advisors, Venderlic was the athletic director at Marietta High School for six years. He has his Series 7 and Series 66 ...