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The average U.S. household’s equity allocation is at an all-time high, and that doesn’t bode well, according to the ‘Single Greatest Predictor’
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E-commerce giant posts disappointing sales and guidance despite booming cloud unit
Intel shares plummeted in extended trading on Thursday after the chipmaker issued a weak fourth-quarter forecast, citing continued softness in the global PC market.
Intel projected fourth-quarter revenue of $15 billion to $16 billion, while analysts had expected $17 billion, according to Bloomberg
Amazon’s cloud business generated $46 billion in revenue in the third quarter, but the company missed Wall Street’s total revenue and earnings per share predictions.
Intel’s revenue expectations were roughly $1 billion less than what analysts were expecting.
Amanda Lynam, chief credit strategist at Goldman Sachs, and Winnie Cisar, global head of credit strategy at CreditSights, joins Scarlet Fu on "Bloomberg Real Yield." Microsoft drew blowout demand for…
