5 Key Business Updates: October 24, 2025 - Government Shutdown, Intel, Ford, Decker's Outdoor, Applied Materials

Government Shutdown Impact

• ⚠️ The government shutdown has reached its 24th day, with many federal employees expected to miss their first full paycheck.
• 💬 House Minority Leader Hakeem Jeffries is scheduled to speak on the situation.

Corporate Earnings and Performance

• 📈 Intel shares are rising after the company returned to profitability, reporting revenue of $13.66 billion, exceeding estimates.
• 🚗 Ford Motor also saw its stock rise due to earnings beating estimates, though it lowered its full-year guidance because of production disruptions from a supplier fire impacting trucks and SUVs.
• 👟 Decker's Outdoor, maker of Hoka and UGG, experienced a sharp stock decline despite beating earnings and revenue estimates, due to a lower revenue forecast and anticipated consumer caution.

Workforce Reductions and Industry Shifts

• ✂️ Applied Materials is cutting 4% of its workforce, approximately 1,400 jobs, citing automation and geographic shifts as reasons for the layoffs.