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Intel employees. Courtesy of Ernesto Felix BofA analysts reiterated their "underperform" rating and $62 price target for Intel on Friday. Intel turned in earnings results on Thursday and BofA analysts weren't impressed by the lack of sales growth and falling margins. BofA says investors would be better off buying shares of Intel rival Advanced Micro Devices. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bank of America gave three reasons for investors to be bearish about Intel despite the addition of Pat Gelsinger as CEO and a $20 billion move into the semiconductor production business...
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Chesnot/Getty Images Bitcoin's decline below $50,000 has the cryptocurrency at a crucial turning point. If a key price threshold doesn't hold, the price could fall further.The 100-day moving average at $49,500 will be closely monitored by technical analysts after the 50-day moving average failed to hold as support.Bitcoin could ultimately find support at $42,000, representing a 15% decline from current levels.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin's weakening momentum has helped contribute to a swift 24% decline from its record high of nearly $65,000 over the past week. The cryptocurrency...
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You can install Windows 10 by downloading a copy of the installation files onto a USB flash drive. Your USB flash drive will need to be 8GB or larger, and preferably should have no other files on it. To install Windows 10, your PC will need at least a 1 GHz CPU, 1 GB of RAM, and 16 GB of hard drive space. Visit Insider's Tech Reference library for more stories. Installing Windows used to require putting the files on a CD or DVD. These days, installing Windows 10 is simple. All you'll need...
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Peter Tuchman, right, works among fellow traders at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. AP Photo/Richard Drew Money is quickly pouring into the stock market as the S&P 500 trades near record highs. $602 billion has flowed into global stocks in the past five months, exceeding total stock inflows of $452 billion in the past 12 years, according to Bank of America.A continued rotation out of bonds and into stocks could continue to favor stocks, the bank said.Sign up here for our daily newsletter, 10 Things Before...
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President Joe Biden. AP Photo/Evan Vucci, File Biden wants to levy new taxes on wealthy Americans to fund sweeping childcare and education programs. The vast majority of US households - 98%, by Penn Wharton's calculations - isn't likely to experience a tax hike. The top marginal income tax could be raised, along with the capital gains tax. See more stories on Insider's business page. President Joe Biden is preparing to unveil a new set of tax hikes on the richest Americans to fund a collection of new education and childcare programs.The New York Times and Bloomberg reported on Thursday these tax increases will...
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REUTERS/Jim Urquhart Burning Man organizers will soon decide if attendees will be required to show proof of vaccination this year. CEO Marion Goodell said the festival's "radical inclusion" has to be weighed against "civic responsibility." If this year's festival does go forward, it will be capped at 69,000 attendees, down from 80,000 in prior years. See more stories on Insider's business page. Burning Man attendees may be required to show proof of vaccination if the festival takes place this year in August.On Saturday, CEO Marian Goodell walked back an earlier statement in which she said inoculations would be required of all attendees, citing feedback...
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