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Photo: Chesnot / Getty Images

Intel said Wednesday that it doesn't expect a significant financial impact from a just-disclosed security vulnerability affecting nearly all modern chips.

"As we look at it we don't see it as any financial impact," corporate VP Stephen Smith said on a conference call with analysts.

Why it matters: Although the vulnerability is massively widespread, Intel doesn't see the costs of mitigating the issue hurting its profits or market share.

Go deeper

3 hours ago - Economy & Business

Ford to use Google Android as the brains behind its vehicles

Photo: Artur Widak/NurPhoto via Getty Images

Ford will install Google's Android operating system on all new vehicles starting in 2023, giving passengers access to more personalized services and potentially unlocking new lines of business for the automaker.

Why it matters: Ford's decision, part of a broader technology partnership with the tech giant, is an acknowledgment that carmakers need Silicon Valley's help to adapt to seismic changes in the transportation industry.

Dan Primack, author of Pro Rata
5 hours ago - Economy & Business

Warren broadsides private equity following stock market volatility

Sen. Elizabeth Warren (D-Mass.) Photo: Scott Olson/Getty Images

Private equity has once again found itself in the crosshairs of Sen. Elizabeth Warren (D-Mass.), this time for "treating the stock market like a casino."

What she said: Warren's broadside was part of a letter sent Friday to the SEC, asking it to investigate and provide more information on how it plans to address the recent stock market volatility, related to shares of GameStop, et al.