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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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Torrential Downpour Disrupts Life on Greek Islands

Severe rainstorms wreaked havoc on the Greek islands of Mykonos and Paros, leading to the closure of schools and kindergartens. The torrential rain, accompanied by hailstorms, caused significant flooding, turning roads into rivers and stranding vehicles. Authorities in Paros reported extensive damage to infrastructure, with Mayor Costas Bizas describing the devastation as occurring within just two hours. Emergency crews worked tirelessly to clear debris and rescue stranded residents.

The extreme weather also impacted nearby islands, prompting civil protection authorities to issue warnings and enforce safety measures. Scientists attribute the increasing frequency of such events to climate change and rising global temperatures. 

The islands, known for their idyllic summer tourism, now face the challenge of recovery and rebuilding.

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