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[ad_1] AT&T CEO John Stankey made waves this month when he told employees in a memo that the company is shifting to a “market-based culture” that requires employees work closer together.Since then, Business Insider has learned that AT&T is consolidating 22 internal help-desk centers into six locations — and affected managers get two weeks to decide whether to move or lose their jobs and get severance. Unionized workers will be allowed to remain at their current office in a different customer-service support role.The consolidation of so-called centralized support desk workers, who largely assist other AT&T employees, follows a playbook the…

[ad_1] A US stake in Intel doesn’t mean that President Donald Trump would put his finger on the scale for the beleaguered chipmaker.Treasury Secretary Scott Bessent said on Tuesday that while the White House wants to increase US-based production of semiconductors, it would not pressure companies to do business with Intel.”Yeah, the last thing we’re going to do is put pressure, is to take a stake and then try to drum up business,” Bessent said during an interview on CNBC.Bessent’s comments come amid reports that the White House is discussing a deal that would give the US a 10% equity…

[ad_1] Don’t expect the Fed to rescue the housing market.Markets have their eye on the Fed’s likely interest rate cut in September, but Peter Boockvar, the CIO of One Point BFG Wealth Partners, has a two-part thesis as to why housing will stay expensive, even if the Fed trims its benchmark rate.It’s a tough time for prospective buyers. The 30-year fixed mortgage rate, the most popular home loan in the US, is hovering around 6.5%. That’s down slightly from highs above 7% this year, but still well-above levels seen in the period of 15 years that followed the financial crisis.…

[ad_1] After seven years of trying to break through resistance, Bloom Energy (BE) has finally done it. Bloom Energy is known as a “picks-and-shovels” infrastructure play for the booming artificial intelligence build-out. Prior to the AI-boom, BE was focused on being a clean distributed power provider for businesses that needed reliability and lower emissions. Now, BE provides on-site power generation boxes (sometimes called Bloom Boxes) that supply always-on electricity with lower carbon emissions than the grid, that can also run on hydrogen with zero emissions, to hospitals, factories, utilities, and — you guessed it — also to data centers. In fact, Bloom…

[ad_1] Analysts on Wall Street say expectations for Target’s second-quarter results due to be released before the opening bell on Wednesday are so low that the stock should be able to gain. The retailer’s earnings this week come alongside peer Walmart and a host of other leading big box retailers, in what’s shaping up as a key reading into the health of U.S. consumer spending. But Target’s forthcoming results come as the company has struggled in 2025. The stock is down 22% so far this year, and sales have been slowing for some time. The Minneapolis-based chain has seen investors…

[ad_1] Idrees Abbas | Sopa Images | Lightrocket | Getty ImagesCrypto stocks suffered Tuesday as investors fled tech stocks and riskier corners of the market.Among crypto exchanges, Coinbase and eToro fell more than 5% and 6%, respectively, while Robinhood and Bullish both dropped more than 6%. Crypto financial services firm Galaxy Digital tumbled 10%. In the burgeoning sector of crypto treasury firms, Strategy lost 7%, SharpLink Gaming slid 8%, Bitmine Immersion slumped 9% and DeFi Development tumbled 13%. Stablecoin issuer Circle lost 4.5%.Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than…

[ad_1] Meta is rolling out an AI-powered voice translation feature to all users on Facebook and Instagram globally, the company announced on Tuesday. The new feature, which is available in any market where Meta AI is available, allows creators to translate content into other languages so it can be viewed by a broader audience. The feature was first announced at Meta’s Connect developer conference last year, where the company said it would pilot test automatic translations of creators’ voices in reels across both Facebook and Instagram. Meta notes that the AI translations will use the sound and tone of the…

[ad_1] 2025-08-19T17:15:36Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The US backed Apple against a UK order to allow the government access to encrypted user data. The US government said Monday that the UK agreed to drop its demand. The win added to Apple’s August hot streak that includes positive talks with Trump and strong iPhone sales.…

[ad_1] TechCrunch Disrupt 2025 lands in San Francisco from October 27-29, and the Expo Hall is already packed with early adopters, startup scouts, and enterprise buyers looking to discover what’s next. If you’re not there to show off your product, your competitors will be — and they’ll be closing deals that could’ve been yours. There’s still time to book your exhibit table, but space is disappearing fast. The brands that move now will be the ones getting the face time, the leads, and the traction that matters most. This isn’t an opportunity to sit on. Time is ticking, tables are…

[ad_1] The biggest hedge funds found a slew of new stocks to pick up in the second quarter as the market bounced off the April lows, according to Morgan Stanley. The Wall Street firm looked at the latest regulatory 13F filings from the top 100 hedge funds by assets under management to help investors assess how positioning shifted in the last quarter. Top professional traders piled into solar stock Enphase Energy , with active ownership rising nearly 8%, Morgan Stanley found. The solar stock could be a value bet, having tumbled more than 46% this year. The stock took a…