Intel (INTC.O) reported a net loss of $1.61 billion in the second quarter of 2024, compared with market expectations of a net loss of $375 million and $1.481 billion in the same period last year.

Intel (INTC.O) CFO: Spending cuts mean the company is now able to fund its operations.

Intel (INTC.O): Future business will be in a more sustainable development state.

Intel (INTC.O) expects adjusted gross margin of 38% in the third quarter, compared with the market forecast of 45.5%, and expects adjusted loss per share of $0.030 in the third quarter.

Intel (INTC.O) expects third-quarter revenue of $12.5 billion to $13.5 billion, compared with market expectations of $14.38 billion.

Amazon (AMZN.O) expects third-quarter net sales of $154 billion to $158.5 billion, compared with market expectations of $158.43 billion.

Amazon (AMZN.O) shares fell 4% after the market closed.

Market news: Nissan, Honda and Mitsubishi Motors signed a memorandum of understanding on cooperation.

Citi/Yougov survey: UK 5- to 10-year inflation expectations were 3.1% in July, compared with 3% in June; UK one-year inflation expectations were 2.7%, compared with 2.6% in June.

German Geoscience Research Center GFZ: A 5.3-magnitude earthquake occurred in southern Italy.

Investment Company Institute (ICI): Money market assets fell to $6.13 trillion in the week ending July 31, the second consecutive week of decline.

According to Nikkei: Japanese startup Zip Infrastructure plans to test self-driving aerial trams in the Philippines.

Turkish President Erdogan: Turkey is making every effort to improve relations with the United States in all areas and will continue to do so.

Turkish President Erdogan: (To Biden) Israel does not want a ceasefire, the killing of Hamas leaders undermines ceasefire efforts, and Israel is trying to spread the conflict to a wider region.