Latest line: A good week for Joe Lacob, a bad week for Intel
Briefly

Joe Lacob, the majority owner of the Golden State Warriors, has made waves in women's sports with the launch of the Valkyries, a WNBA team that is not only selling out games but also drawing attendance figures on par with the Warriors. Meanwhile, Intel, the Santa Clara-based chipmaker, is facing a challenging landscape, announcing layoffs of over 10,000 employees after reporting a loss of $821 million in the first quarter of 2025, primarily due to struggles with AI chip development and declining sales. In California, Governor Gavin Newsom experienced a blow when an appeals court ruled that President Trump could retain National Guard troops in Los Angeles against the state's wishes, even as polls reveal public sentiment is mixed regarding Trump's aggressive tactics.
Joe Lacob, majority owner of the Golden State Warriors, has successfully ventured into women's basketball with the Valkyries, a new WNBA team achieving impressive attendance records.
Intel has announced a significant workforce reduction of over 10,000 employees due to a staggering loss of $821 million in early 2025, attributed to falling sales and challenges in the AI chip market.
Governor Gavin Newsom faced a setback as an appeals court ruled in favor of President Trump's authority to maintain National Guard presence in Los Angeles, despite state objections.
Recent polling indicates that while many Americans support Trump's decisions, a notable number believe his approach is excessively aggressive, signaling a divide in public opinion.
Read at www.mercurynews.com
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