Instant Reaction: Intel's Revenue Shatters Wall Street Estimates

Intel surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, the company said Thursday in a statement. Even the low …

New Front In Iran War; Big Tech Earnings Falter

Today's top stories, with context, in just 15 minutes.    On today's podcast:    1) The Iran-backed Houthis claimed their first attack on commercial ships in recent months, targeting two Saudi Arabian oil tankers in the Red Sea with missiles and drones. The Saudi government confirmed an attack on…

US & Iran Shun Diplomacy, 100% Drug Tariffs Plan

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US widened the scope of its airstrikes on Iran overnight, striking a military site near the north-western city of Tabriz. The Iranian government activated air defenses in Tehran and the US struck other areas, with Ira…

US-Iran Strikes Extend to 10th Day; Trump Vows 50% Tariff on Canadian Goods

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran exchanged strikes for a 10th consecutive day as mediators sought to revive a truce, with the US targeting military command centers and Iran attacking US military sites in Kuwait and Jordan. The Houthi mili…

US Bombs Iran After Troops Killed, UK Gets Another New Leader

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US conducted a ninth straight day of airstrikes on Iran, targeting military targets and communications networks. Iran continued to attack US bases in several countries, and the standoff shows no sign of easing, with I…

Daybreak Weekend: New Home Sales, UK Prime Minister, Japan Marine Day

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to new home sales data with a focus on three stocks for the week ahead. In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister…

Trump Accuses China of Election Meddling; US and Iran Escalation Fears

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Donald Trump accused China of interfering with US elections in 2020, threatening to upend ties with the world’s second-biggest economy as he focuses on securing a victory in the midterms in November. 2) Concerns…

US Bombs Persian Gulf Supertanker, Warsh: Trump Hasn't Interfered

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US struck Iran for a fifth straight day and hit a sanctioned oil tanker near the country's main export terminal. Iran responded to the US's barrage by firing upon American bases in Kuwait and Jordan, with the Jordania…

Trump Will Escalate Attacks; ICE To Halt Vehicle Stops

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said he would intensify the US's bombardment against Iran until it stops attacking ships in the Strait of Hormuz and agrees to open the waterway. A US-Iran interim peace deal signed around a month ago has …

US Reinstates Blockade of Hormuz; Graham's Sister Appointed to Senate

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement for all other cargo shipped through the waterway. US military forces will resume blockading traf…