Intel’s Stock Price Has Doubled Since Hitting Its 2025 Low—Watch These Key Levels
18 minutes ago
Intel (INTC) shares are trading at their highest level in 18 months, with the latest gains sparked by a report the company is in early-stage talks to manufacture chips through its foundry business for rival Advanced Micro Devices (AMD).1
Shares of the struggling chipmaker surged nearly 40% in September and have gained about 80% since the start of the year, boosted by news of a flurry of high-profile investments in the chipmaker—from the U.S. government, AI Favorite Nvidia (NVDA), and Japanese investment company SoftBank (SFTBY). Gains accelerated late last month after reports surfaced that that the chipmaker has solicited investments from Apple (AAPL) and Taiwan Semiconductor Manufacturing Co. (TSM).
The investments have renewed hopes that the once storied chipmaker will be able recapture market share under CEO Lip-Bu Tan, who assumed the role in March.
Source: TradingView.com.
Intel shares were down 0.4% at $35.80 in early trading Thursday, after gaining 7% yesterday following news of the possible deal with AMD. The stock, which is trading at its highest levels since April of last year, is up from a 2025 low of $17.67 set in April.
Since the 50-day moving average (MA) crossed above the 200-day MA in August to generate a bullish golden cross signal, Intel shares have continued to trend higher on above-average volume.
Meanwhile, the relative strength index (RSI) confirms upward price momentum, though the indicator sits in overbought territory, which could potentially lead to near-term profit-taking.
Read the full technical analysis piece here.
–Timothy Smith
Nike Stock Continues Post-Earnings Surge
52 minutes ago
Nike (NKE) investors evidently continue to be impressed with their latest quarterly results.
Nike was the best-performing stock in the Dow Jones Industrial Average in the opening hour of trade Thursday, with shares up about 2.5%.
Shares of the sneaker giant have advanced more than 9% since the company surprisingly recorded a fiscal first-quarter sales increase after the bell Tuesday.
With the two-day surge, Nike shares have moved into positive territory for the year.
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Education Department Restarts Student Loan Forgiveness Process
2 hr 44 min ago
After months of waiting, federal student loan borrowers are seeing progress on their forgiveness.
The Department of Education sent mass emails to student loan borrowers Tuesday night, informing many that they have made the number of payments required to receive loan forgiveness under the Income-Based Repayment plan.
“The U.S. Department of Education (ED) will work with your loan servicer to process your IBR discharge over the next several months,” the email told borrowers.
Student loan borrowers who have been waiting for their forgiveness finally got confirmation that it is coming.
Photo by Wesley Lapointe/For The Washington Post via Getty Images
Student loan borrowers who make 20 to 25 years of qualifying payments under an income-driven repayment plan can have their remaining loan balance discharged. After a lawsuit blocking the Saving for a Valuable Education plan earlier this year, the Department of Education paused loan forgiveness under SAVE and all other income-driven repayment plans.
Borrowers who had already made more than enough payments to qualify for forgiveness were stuck waiting. Many wanted their loan discharged before a key tax break that makes forgiveness tax-free ends on Jan 1, 2026. After this year, the average borrower will have to pay thousands in taxes if their student loan is discharged.
Read the full article here.
–Elizabeth Guevara
Government Shutdown Leaves Fed Without Data at Crucial Moment
3 hr 34 min ago
The federal government shutdown will delay key reports on the job market and inflation, making it harder for officials to decide whether to cut interest rates later this month.
The shutdown affects the government agencies that produce data the Fed relies on to set interest rates. That includes the Bureau of Labor Statistics, which will “completely cease operations” in the event of a shutdown, according to a memo dated Sept. 26 from its parent agency, the Department of Labor. The bureau produces the most comprehensive and widely watched measures of the job market and inflation, including a highly anticipated monthly jobs report due Friday that will now be delayed.
The shutdown could make it more difficult for the Fed to set policy at its next meeting.
Kevin Dietsch / Getty Images
The lack of job market data could be especially vexing for the Fed, which cut interest rates in September to lower borrowing costs and stabilize a shaky job market. The Fed is scheduled to meet Oct. 28 and 29, and its policy officials are divided about whether to cut rates in the coming months, or keep them higher to tame inflation.
“[A prolonged shutdown] would greatly complicate the Federal Reserve’s deliberations on whether to cut interest rates again at its October … policy meeting,” Nationwide economists Kathy Bostjancic and Oren Klachkin wrote in a commentary.
Read the full article here.
–Diccon Hyatt
Stock Futures Point Mostly Higher as Investors Downplay Government Shutdown
3 hr 55 min ago
Futures tied to the Dow Jones Industrial Average were down 0.1%.
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S&P 500 futures were up 0.2%.
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Nasdaq 100 futures rose 0.4%.
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