Intel stock rises, report of new Nvidia chip for China, Air Canada strike
Intel (INTC) rises after US Commerce Secretary Howard Lutnick told CNBC the US should get an equity stake in exchange for CHIPS Act funds.
Nvidia (NVDA) is developing a new chip for China, reportedly more powerful than its current H20 model, according to Reuters.
Air Canada (AC.TO) will resume flights after striking a deal with flight attendants, ending a three-day walkout that canceled nearly 3,000 flights.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
This is your Yahoo! Finance Market Minute. I'm John Highland. US stocks swinging between gains and losses today as investors await commentary from Fed officials and Jackson Hole ahead of meeting out of Fed minutes tomorrow. Plus, Commerce Secretary Howard Letnik telling CNBC that Intel must give the government an equity stake in return for CHIPs Act funds. Shares currently on the rise after SoftBank earlier announced a $2 billion investment in the company. Meanwhile, NVIDIA is developing a new chip for China that's said to be more powerful than the H20 model it's currently allowed to sell there. That's according to a Reuters report that cited two people briefed on the matter. And Air Canada will restart flights tonight after reaching a deal with flight attendants to end a three-day walkout that led to nearly 3,000 flight cancellations. More than 10,000 flight attendants walked off the job on Saturday over wage and compensation disputes. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best- and worst-performing stocks of the trading session.
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