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Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned.
Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis.
MUMBAI (Reuters) -- India summoned the Sri Lankan envoy on Thursday to protest following a collision between one of its fishing boats and a Sri Lankan naval vessel that killed a fisherman, with a second missing, authorities said.
ISLAMABAD -- Massive protests have erupted in the southwestern Pakistani city of Gwadar, home of a Chinese-controlled port, raising significant worries for China.
Asia-Pacific markets were mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come in September if inflation data remains "encouraging."
U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures.Citrus growers are losing millions of dollars every year, according to the United States Department of Agriculture.
BANGKOK (AP) — China sanctioned a United States lawmaker Wednesday for “frequently interfering” in China’s domestic affairs.
Authorities block highways to stop a meeting of Baloch groups in the port city, leading to clashes in which at least two, including a soldier, are killed.