The markets are shocked, shocked that Intel didn’t make much money last quarter.
PC sales have been flat and there’s a price war going on between Intel and AMD. Which part of that equation did investors think added up to big, fat profits?
The dollar is sliding, partly due to the markets and partly due to war fears. That makes imports more expensive, which hurts consumers, since we buy a lot of cool stuff from abroad.
But don’t worry too much. When foreigners start to get really jittery about the war, they’ll be trading in their euros, yen, rubles, and rupees and whatnots for solid, US dollars. We’re still the safest bet in a very dangerous world.