The stock market is going through a lot right now. All three major indices fell more than 1% on Tuesday, and the Dow is now negative on the year. The main culprit? Interest rates, of course. The Federal Reserve may have slowed down its pace of rate increases, but the effects are pervasive.
The move comes as Intel seeks to control costs while banking on the strong demand for programmable chips, or field programmable gate arrays . These chips are known for being more flexible and power-efficient than traditional processors. Intel said in July that the unit had registered three straight record quarters, but the company didn't break out specific sales for it.United Auto Workers members and supporters on a picket line outside the General Motors Co.