Intel, Trump
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President Donald Trump has exerted unprecedented influence on the U.S. economy, and global financial markets, since his return to the White House earlier this year. But his efforts to dictate Federal Reserve interest rates,
38mon MSNOpinion
The Donald Trump Administration Is Pondering Equity Stakes in Intel, TSMC, Micron, and Samsung -- and It Sets a Dangerous Precedent
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office. With Trump's blessing, Commerce Secretary Howard Lutnick is tinkering with the idea of converting CHIPS Act grants into equity in some of Wall Street's leading semiconductor companies.
The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, according to a press release the company published on Friday.
2don MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.
On April 2, after trading had ended for the day on Wall Street, Trump unveiled his long-awaited tariff and trade policy. He introduced a baseline global tariff of 10%, as well as revealed higher " reciprocal tariff rates " on dozens of countries that have run adverse trade imbalances with the United States.
President Trump attacked a GOP senator who voted with Democrats as a "pawn" and "second-tier" in a Truth Social post.
After being harshly criticized by President Donald Trump over his bill to ban stock trading among top government leaders, Sen. Josh Hawley said the president “wants to get it done."
Although President Trump's tariff and trade policy is headline news, another factor is of far greater importance to the stock market.
16hon MSN
Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.
The Consumer Financial Protection Bureau has dropped an investigation into a buy now, pay later company linked to President Donald Trump's son Donald Trump Jr.
Intel shares were up about 6% on the day, adding to earlier gains after reports that President Trump is set to announce the U.S. government is taking a nearly 10% stake in troubled chipmaker. The investment would cap a two-week frenzy in Washington over the future of the company.
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