July 24, 2020 Welcome to this edition of The Reader, a weekly roundup of Fortune stories and insights you need to know.
It's earnings season. Last week, big banks released their Q2 earnings—reporting record amounts of loan loss provisions. This week, Big Tech released theirs: Microsoft is taking hits in its cloud business, Tesla is poised to join the S&P 500 after turning another profit, and Netflix announced a new co-CEO. Meanwhile, strange things are afoot at Intel.
Read on for more insight into the state of the economy. I hope you have a safe and enjoyable weekend.  Clifton Leaf
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 MUST READ What the hell just happened to Intel?
The company stock plummeted 13% as manufacturing gremlins returned. It was, as Yogi Berra used to say, deja vu all over again when Intel released its earnings. And not in a good way.
BY AARON PRESSMAN JULY 24, 2020
EARNINGS 
The big lineup could further give investors a peek into big trends. BY ANNE SRADERS JULY 21, 2020
AIRLINES 
United spent the past three months burning an average of $40 million a day. BY MARIA ASPAN JULY 21, 2020
  MUST WATCH Ant Group’s IPO could be the biggest of 2020
It's listing on two exchanges—but neither are in New York.
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From the archives
“Google’s (GOOG) quarterly earnings came out three-and-a-half hours early in October 2012 after an employee sent a draft press release in error to the U.S. Securities and Exchange Commission for distribution. The Internet powerhouse halted trading of its shares for two-and-a-half hours. R.R. Donnelley & Sons (RRD) ended up shouldering responsibility for the mistake.” —Fat-finger mistakes: Top earnings snafus of recent years by Laura Lorenzetti, October 2014 . This email was sent to [email protected] Unsubscribe | Edit your newsletter subscriptions
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