Emulex Announces $200m Buyback

After watching shares decline for much of the last year, investors in the chipmaking giant Intel Corporation received glimmers of good news recently. Intel Corporation (NASDAQ: INTC) has had a pretty rough year. Year-to-date, the company’s stock price has fallen over 56% to a close of just under $22 per share on Friday.

The costs of some high-profile consumer goods have actually been falling. With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years. The public at large? Not so much. Consumer surveys, including one released Friday by The Associated Press-NORC Center for Public Affairs Research, show that most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a four-decade high two years ago as the economy rebounded from the pandemic recession.

With a QR code, you can easily share your info with anyone regardless of platform, and you have more control over what gets shared in the first place. As of this week, I’ve hopefully handed out my last business card.

A newcomer to the performance automotive scene has been setting speed records this summer with its 3D-printed hypercar. On Aug. 26, the 21C, made by Los Angeles-based company Czinger, set a lap record on California’s Laguna Seca track for production cars—meaning those sold to customers and not just used on the track.

They don’t fit the business mold, but these leaders offer smart lessons in creativity, innovation, and power. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week, this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.

The intergovernmental alliance has tapped Matrix to provide a secure alternative to mainstream messaging services. NATO is doubling down on cybersecurity at a time when hacks are at an all-time high.