Intel (INTC) fell by 26%, a drop not seen since the Y2K bubble popped 24 years ago. The stock’s chances of holding the $21 level are high. Markets are discounting Intel’s weak guidance. The firm may beat expectations after it refreshes its CPU chips in the PC market in October.Intel dragged Arm (ARM), ON Semiconductor (ON), and Broadcom (AVGO) lower last week. Those stocks are on sale, although relative valuations are still unfavorable.Shares of social networking firm Snap (SNAP) are on sale. The stock lost 27% in value after posting a two-cent non-GAAP EPS. Revenue grew by 15.9% Y/Y to $1.24…
Category: News
Demonstration shuts down section of Jarvis Street during morning rush hour
There is a heavy police presence along a stretch of Jarvis Street this morning due to a demonstration in the area.
Man charged after teenage girl abducted in Kitchener, police say
Waterloo Regional Police say charges have been laid after a man allegedly abducted a 14-year-old girl in Kitchener on Monday.
CafeTO barrier damaged after single-vehicle crash downtown: Toronto police
One driver is in custody after a single-vehicle crash caused significant damage to a CafeTO patio downtown, Toronto police say.
Potential China EV tariffs welcomed by GM Canada as BYD looks to enter market
The potential of tariffs on Chinese electric vehicle imports is being welcomed by the Canadian head of General Motors as major producer BYD looks to enter the market.
Greater Toronto home sales up in July from last year, listings jump
The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, while listings jumped.
Saskatoon Berries gear up for playoffs as regular season winds down
On Monday, the Saskatoon Berries faced off against the Moose Jaw Miller Express in their final regular season game.
Several suspects sought after assault, robbery at east Toronto outdoor pool: police
Several suspects are wanted after a group of people were allegedly assaulted and robbed while leaving an outdoor swimming pool in Toronto’s east end over the weekend.
Whistler suspends lift operations due to nearby ‘lightning activity’
Whistler-Blackcomb suspended operations of all ski lifts at the resort Monday afternoon due to the risk from nearby lightning.
These are the 12 recipients of the Order of B.C. for 2024
On Monday, the province named the 12 latest recipients of the Order of British Columbia, who are being recognized for excellence in their respective fields.
