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- Intel unveils recovery plan under new CEO, but Wall Street remains wary
Intel unveils recovery plan under new CEO, but Wall Street remains wary
5 articles I'm watching carefully
Tyler Dupont
April 02, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Intel unveils recovery plan under new CEO, but Wall Street remains wary
New Intel CEO Lip-Bu Tan promised a startup mindset, engineering focus, and tighter customer integration. Analysts welcomed his tone but noted limited detail and major cultural hurdles. Intel stock fell 2.9% to $22.05 and holds neutral ratings with PTs between $21–$27.
Newsmax stock surges 735% in 2 days, hits $20B market cap
Newsmax (NMAX) soared 180% Tuesday after a 735% post-IPO surge, pushing its market cap to $20.8B. Priced at $10, shares closed at $234 despite $72M in 2024 losses, ongoing lawsuits, and flagged accounting risks. Revenue rose 26% to $171M, with $75M raised in the IPO.
Barclays expands sponsor coverage with key West Coast hire
Barclays named Jason Short Managing Director of its Financial Sponsors Group, strengthening West Coast client ties. The move continues its strategic push, following hires in February, and supports its investment banking growth through expanded sponsor relationships and coverage.
🪙 Crypto
Token prices nosedive after suspected trading bot glitch on Binance
Multiple tokens plunged up to 50% on Binance in 30 minutes, likely due to a trading bot reacting to new leverage rules for perpetual contracts. The crash spilled into other exchanges. The glitch comes amid broader crypto weakness tied to trade war fears and Trump’s tariff policies.
🌎 Global Economy
3°C warming could slash global GDP by 40%, new model warns
Revised models factoring global interdependence reveal that >3°C warming could cut global GDP per capita by 40% by 2100—far above previous 11% estimates. The research overturns assumptions that rich, cold nations benefit, showing universal harm and validating the 1.7°C Paris target.
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