Nigeria's Tinubu Adds Incentives to Boost Oil-Sector Revenue
The new directive caps available tax credits at 20% of a company's annual tax liability, and introduces a performance-based tax incentive for upstream operators, the president said in a statement late Thursday. Implementation guidelines are pending.
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Yahoo
13 minutes ago
- Yahoo
Why Trump might push for a US gov't. stake in Intel
Intel (INTC) stock is popping following reports that the US government is considering taking a stake in the legacy chipmaker after Trump's meeting with Intel CEO Lip-Bu Tan. Slatestone Wealth chief market strategist and host of Yahoo Finance's Trader Talk, Kenny Polcari, and Yahoo Finance Senior Reporter Allie Canal join Opening Bid to take a closer look at what the reported government partnership could mean for the US, Intel, and the evolving chip landscape. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. All right, let's fire up, uh, my stock of the day. The Trump administration is reportedly in talks with Intel to have the US government take a stake. Uh, Intel declined to comment specifically on this to me, but they did say this, uh, quote, Intel's deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership. Uh, the questions here are many though. One, why would the administration even want to stake in an Intel that is scary behind chief rivals Nvidia and AMD? President Trump has interacted a lot with Nvidia CEO Jensen Huang and has got a taste as to what it means to be a leader in semiconductors. Two, why would Intel want to get in bed with the government at a time in which CEO Lipu Tang and the board must act quickly to reorganize the company. I find it hard to believe the government will be a quiet minority shareholder. There's a lot of stake here, as Intel is and should be a beacon of US chip making, not the punching bag it has become. The company's financials have taken a major hit with sales down for more than three straight years and earnings evaporating in the process. A lot going on there. Still with me, my round table, Kenny, Paul Kerry, uh, Slate Stone Wealth chief market strategist, David Seif, Nomora chief economist, and Yahoo Finance reporter, senior reporter, Allie Canal. Kenny, I want to go over to you. Um, any interest in going long in Intel on news like this, uh, even in the, uh, keeping the back of your mind, or maybe just putting the front of your mind that this is a fundamentally, uh, just wrong company. I mean, nothing's going right for them. Uh, uh, agree. So Intel's not a name that I've ever owned, uh, and we don't own it here. But look, I it's certainly has a pop because of the news. But is the pop temporary? I'm not even sure. And I agree with you. Why would you want to get, why would the government want to now be partners with Intel? Why would Intel want to be partners with the government? And what does that say about future opportunities? Is the government now going to start this Trump going to start the stick his hand in other companies? Kenny, it's like the auto bailout. I mean, it reminds me of when they took a stake in GM, what, 15, 20 years ago. 100%. And so I'm a little bit I'm a little bit confused about that. But Intel's not a name that I ever owned at all. I think there's other places to put your money in the space. But so this news does nothing in terms of getting me excited about, oh, I got to jump on this Intel bandwagon. I do not. David, does the, does it benefit, um, the US economy to have a healthy Intel? Or at this point, the semiconductor industry led by Nvidia, AMD, and of course, Taiwan semiconductor, they have just passed this company by, and our economy can go chugging along relying on chips from these three companies. Yeah, I mean, you know, I don't have much to say about individual companies, but certainly, um, you know, the US has a multi-century track record of doing well by sort of not sticking its nose into things and allowing, allowing the private market to go where it may. Um, to the extent that Intel has been lagging behind, uh, it it may be the best thing for the economy to simply allow it to, uh, continue to either wither or sink or swim, so to speak, um, and allow the current leaders to continue to lead and only lose their lead if they actually get out competed. Uh, Allie, uh, we're just about almost two weeks away from that Nvidia earnings report. And it will look starkly different to what Intel put up a few weeks ago. And it's night and day. I mean, these are, these companies both might be making computer chips, but they couldn't be more different. Couldn't be more different. And Intel, I just feel like it's too late for the company to really catch up to AMD, to Nvidia. Of course, for the Trump administration, they're viewing this as an issue of national security, that they really want to make sure that Intel can survive through this volatile time. We did have the that CEO meeting with President Trump, and really we've seen that across the board of big tech, right? Apple CEO, Tim Cook, met with Trump recently. And then out of that meeting was a $100 billion investment in the US. So that is President Trump's goal. He wants to bring manufacturing production, all the things, including all the chip makers back onto the domestic soil. But they also have other types of agreements that they're rolling out that are very unique and really unprecedented. One of those being that revenue share agreement with Nvidia and AMD. They're letting them sell some of their chips to China for a kickback, for some of the revenue to the federal government. So there's just a lot of moving parts and moving pieces to this. It's still an unconfirmed report. Intel did say that they are looking forward to working with the government, but they didn't confirm whether or not this was actually happening. So it feels like the US is just going to continue to be involved in some of these companies, at least throughout the term of Trump's presidency. What ultimately comes from that and the legacy that leads and how it really changes what we view the the chip supply chain as at this current moment, that remains to be seen. Related Videos How Trump's meeting with Putin impacts investors Buffett's Berkshire Hathaway sold Apple shares. Should you? Intel Soars as Trump Considers US Stake in Chipmaker 3 AI chip stocks that are best positioned right now Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
UnitedHealth stock pops on Buffett's Berkshire share purchase
UnitedHealth Group's (UNH) stock jumped early Friday after Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) revealed Thursday it purchased 5 million shares last quarter. The insurance giant has suffered multiple setbacks in the past couple of years — with earnings misses piling on top of all that, the stock has been under constant pressure, and is down more than 45% year-to-date. But on the news of Berkshire's share purchase, the stock popped nearly 10% in early trading Friday. The last time Berkshire held a stake in the company was when Stephen Hemsley was CEO, between 2006 and 2017. Hemlsey has returned to the role after former CEO Andrew Witty stepped down in May — after a year of compounding headwinds. Last year, the company suffered one of the biggest cyberattacks in history on one of it's subsidiaries, Change Healthcare, which manages payments — creating havoc for health providers for months. The US Health and Human Services Department (HHS) had to step in and assist to help get payments flowing again. The company subsequently announced a larger-than-expected impact from the attack in mid-2024, dragging down major indices. At the end of the year, during the annual shareholder's meeting in New York City, insurance CEO Brian Thompson was shot to death. The struggles for the company didn't end there, as public backlash against the industry swelled in the aftermath, and the entire insurance industry was forced to address the issue of denied claims. In April this year, the company's stock crashed after an earnings miss shocked the Street. In May, Hemsley took over, and in the latest earnings call addressed the missteps the company has made, as well as the higher cost environment that it did not adjust in time to. "Beyond the environmental factors that are affecting the entire sector and more specifically to us, we have made pricing and operational mistakes as well as others," he said on the call. UnitedHealth's stock pop also helped boost the Dow (DJI), which was up about a half percent in early trading. Previously, UnitedHealth's losses dragged the Dow. In May, UnitedHealth was attributed with 88% of the Dow's decline year-to-date. Anjalee Khemlani is the senior health reporter at Yahoo Finance, covering all things pharma, insurance, provider services, digital health, PBMs, and health policy and politics. That includes GLP-1s, of course. Follow Anjalee as AnjKhem on social media platforms X, LinkedIn, and Bluesky @AnjKhem. Click here for in-depth analysis of the latest health industry news and events impacting stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Buffett's War Chest: Berkshire Preps for the Next Big Crash
Warren Buffett (Trades, Portfolio), a living legend in modern investment world, has long preached: Be fearful when others are greedy, and greedy when others are fearful. And now Berkshire Hathaway (NYSE:BRK.B), Buffet's conglomerate company, seems to be in fearful mode. Warning! GuruFocus has detected 5 Warning Sign with UNH. Berkshire has been a net seller of equities for seven consecutive quarters while the indexes continue scoring new highs. And based on its actions, it seems that Berkshire is preparing to face the possibility of the recession; piling up cash, cutting its banking exposure while simultaneously increasing its bond investment are clear indicators of Berkshire's strategic way toward safer investment position. Berkshire Braces Up For Recession In Q1 2025, Berkshire Hathaway completely liquidated its stake in Citigroup, selling all 14.6 million shares that worth about $1 billion and it also reduced its holdings in Bank of America and Capital One, 7% and 4% respectively. As of mid 2025, Berkshire reportedly owns 5% of the entire short-term U.S. treasuries. Berkshire has instead shifted to U.S. government bonds, mainly short-term Treasuries paying about 4.3%. Long-term bonds? Not sexy enough to Buffett at this moment. And, now, Berkshire is just sitting on a record of a cash pile of US$ 277 billion! It appears to be preparing its ammunition for a potential market crash, and Berkshire has a history of going on buying sprees during recessions. During the 2008 financial crisis, Berkshire had invested US$230 million in Chinese EV firm BYD, which earned it a 10 percent stake. That bet became worth more than US$8 billion dollars when the investment was realized. Investment in BYD (BYDDF) is just one sample. Under Buffett's leadership, Berkshire has a well-documented history of bold investment during recessions including Goldman Sachs, General Electric, railroad company Burlington Northern Santa Fe, Kraft Foods (which later regretted), Wells Fargo, UnitedHealth, U.S. Bancorp, Snowflake, Bank of America, Occidental and Chevron, and many more. As people were panicking, Berkshire was going on NYSE shopping sprees. Buffett literally does what he preaches; buy on lows, sell on highs - be fearful when others are greedy and be greedy when others are fearful. Good Research is The Start What Buffett does is a matter of timing and patience through opportunities. Good research is his advantage to be preparred in volatile markets, and it should be yours too. The better you are informed, the more cleverly you will invest. And GuruFocus is a great starting point to enhance your research. You can access freshly updated portfolios of top-notch investors like Buffett and even apply his investment approaches to filter stocks the Buffett way or any other ways adopted by other investing gurus. Additionally, the platform provides insider trading information and 30 years of financial data on thousands of companies. Berkshire's Most Recent Move As it has been pruning U.S. financials, Berkshire has been quietly growing its presence in Japan industrial giants. It currently has more than 10 per cent shareholding in five large Japanese trading companies: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. These companies cover commodities, shipping, and steel and Berkshire receives an $812 million annual dividend on these stocks. Buffett is also increasing bets in infrastructure-intensive energy assets, subscription-based companies and artificial intelligence-friendly technology firms, such as Berkshire Hathaway Energy (BHE), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Sirius XM. And in the meantime,. Buffett finds no real value and thin upside potential in property sector. You can check Warren Buffett (Trades, Portfolio)'s portfolio and his investment history now in GuruFocus! This article first appeared on GuruFocus. Sign in to access your portfolio
