Business

Intel slashes dividend by 66% in attempt to right itself

Intel is slashing its quarterly dividend by 66% as the chip maker attempts to rejuvenate sales in a market that where competition is increasing as some corporations and households cut back on tech spending.

Business

Tesla says its 4Q profit rose 59%, expects strong demand

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

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