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Yahoo
2 hours ago
- Yahoo
Intel stock jumps on report Trump admin. is considering stake
Shares of Intel (INTC) jumped 7% following a Bloomberg report that the Trump administration is considering taking a stake in the chip giant. The report states that the size of the stake the government would take is unclear, with one of the outlet's sources stressing that talks were fluid. Market Domination Overtime Anchor Josh Lipton reports the breaking details, and Investopedia editor in chief Caleb Silver weighs in. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. the Trump administration considering taking a stake in chipmaker Intel. This is going to bloomberg news. That deal would help shore up intel's plan factory hub in Ohio, according to the report. Company had once promised to turn that site, remember, into the world's largest chip making facility. It's unclear the size of this potential stake the US would have, but the plans seem to have stemmed from a meeting this week, remember between President Trump and Intel's chief executive officer. The ideas for the US government to pay for the stake, details being sorted out. Caleb, headlines coming fast and furious. The stock reacting about two percent in the after hours. What do you make of it? Yeah. Well, things have really changed for the Putan, the CEO of Intel because just a week, week and a half ago. Trump was saying you're out. He wanted his ouster. He called for his head. Yeah. Right. So this is administration getting very deep into the private sector into some of the most important companies in the market, doing some of the most important things. And the reality for Intel is they have the manufacturing base here more than any other chip maker in the US to produce a lot of chips. And if we're going to become a chip producing nation, we're going to need Intel. We're going to need its foundry. We're going to need all of its factories all over the southwest and everywhere else to make as many chips as possible. The fact that the US might take a stake, that's an interesting conflict of interest, but everything is interesting these days with this administration. You know, the reports saying this is fluid. It sounds like we don't have a lot of details yet. So we'll see how this all flushes out and works out. It is interesting though, Caleb, as a long time market watcher that you are, when we talk about Intel, and here you have this, this storied American company. But on this show, listen, we talk about Nvidia and AMD, and Broadcom, and Micron, and you name it. Intel is not discussed all that much. It is not in the bloodstream like it used to be. Because it missed arguably the AI chip making wave. It's catching up to it, but it got, it missed the head start that Nvidia was on to, that AMD was on to, that a lot of these other chip makers have invested in tens and hundreds of billions of dollars over the last few years, and they've been rewarded for it. So it missed that. It's losing a big customer in Apple who's going to be making its own chips, and it lost its way arguably for a while. But it does have the infrastructure in place in this country to do a lot of chip manufacturing if it had the investment. So far, it doesn't have any big customers for its foundry business, which it invested a lot of money, and that was supposed to be the future. Maybe this, if it's true, turns things around a little bit, but we haven't mentioned Intel in a while. We had mentioned Cisco in a while, and Cisco on the program earlier today. These are like partying, like it's 1999 all over again. It sounds like Intel's declined comment on the discussions. Just sounds like the White House not immediately responding to request for comment either, but we'll keep you posted on headlines as they come.
Business Insider
2 hours ago
- Business Insider
Roblox case at SEC concluded in May, Bloomberg reports
The SEC concluded a case involving video-game platform Roblox (RBLX) in May, according to Bloomberg's Cecilia D'Anastasio, citing a document seen by Bloomberg News. The case was opened in October and finished seven months later, according to a May 13 'Case Closing Report.' The document does not describe the nature of the investigation or whether it made any determination, Bloomberg added. Representatives for Roblox and the SEC declined to comment. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wall Street Journal
6 hours ago
- Wall Street Journal
More Justice for Elizabeth Warren
Remember that unnecessary and destructive Beltway agency that Elizabeth Warren precisely designed to be unaccountable to Congress? It's working like a charm, as the Massachusetts senator remains powerless to protect it from a Trump downsizing. A new ruling from a federal appeals court could enable mass layoffs at a bureaucracy that should never have been created in the first place. Ben Miller reports for Bloomberg:
