Chapter 1: What is the main topic discussed in this episode?
Here's your midday brief for Friday, January 23rd. I'm Pierre Bien-Aimé for The Wall Street Journal. Intel's stock was down more than 15% this morning after the company reported a worse-than-expected loss in the fourth quarter of $333 million and predicted more losses in the current quarter.
The chipmaker says that it didn't realize how heavy demand would be from AI data centers and that it's now scrambling to increase production of its latest chips. We exclusively report that the Justice Department has opened a criminal investigation into allegations that Deal, a human resources company, recruited a spy inside its rival, Rippling.
An Ireland-based Rippling employee alleged in an affidavit last year that Deal's CEO recruited him and gave him instructions for what information to take from Rippling. Deal says it's not aware of a criminal investigation, but is willing to cooperate with authorities. A monthly survey from the University of Michigan shows consumers felt a bit better about the economy in January.
The index rose from a recent slump that has been one of the deepest in the survey's history going back to the 1950s.
The survey's director says consumers remain frustrated by high prices and anxious about the prospect of a weakening job market.
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Chapter 2: Why did Intel's stock drop significantly this January?
And as gold nears a record $5,000 an ounce, silver is also making gains, hitting $100 per troy ounce today in intraday trading. It's the first time that has happened.
Heads Up, an artificial intelligence tool, helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.