News
Trump praises Intel CEO days after demanding resignation
Trump praises Intel CEO’s success days after demanding his resignation amidst questions over ties to China
Trump praises Intel CEO’s success days after demanding his resignation amidst questions over ties to China
– Trump met Intel CEO Tan, reversing earlier calls for resignation and praising his achievements.
– Intel shares rose 2% amidst plans for collaboration and commitment to US technology leadership.
Tan, who became Intel’s CEO in March, faced scrutiny from Senator Tom Cotton regarding his connections to China.
Last week, Trump labelled Tan as “highly CONFLICTED” and demanded his resignation, but this tone shifted in the latest statement. Intel reinforced its dedication to national security amidst concerns about global semiconductor competition, particularly with China.
Nvidia has also been involved in negotiations with the US government over export licenses, indicating the administration’s significant influence in the semiconductor industry.
Tan’s leadership aims to address Intel’s challenges after the company struggled in the AI market, with plans to cut costs and strategically relocate manufacturing operations.
New Developments
Intel shares have risen by 3% this year, while the S&P 500 has seen an increase of 8.4%.
News
King Charles hails UK-US partnership at state banquet
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
At Windsor Castle, King Charles opened the state banquet with a speech celebrating the enduring partnership between the UK and the US.
He praised shared commitments to peace, the environment and trade, noting progress under President Trump’s administration.
#KingCharles #Trump #StateBanquet #UKUS #TickerNews
News
Disney cancels Jimmy Kimmel’s show after controversy
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
– Disney has indefinitely removed Jimmy Kimmel’s show after FCC Chairman Brendan Carr’s criticism of his comments.
– ABC station owners plan to drop the show due to offensive remarks made regarding political reactions to Charlie Kirk’s death.
Kimmel, known for his criticism of former President Trump, made controversial statements about political reactions to the death of Charlie Kirk during his Monday night show.
He expressed concerns that some were attempting to exploit Kirk’s death for political gain, specifically mentioning Vice President JD Vance and others associated with the ‘MAGA’ movement.
Remarks Controversy
Nexstar’s president, Andrew Alford, commented that Kimmel’s statements were “offensive and insensitive” and do not represent the views of their communities amid current national discussions.
News
Fed cuts interest rates by a quarter-point
Federal Reserve cuts interest rates, signaling potential future reductions amid concerns over slower employment growth. #FederalReserve #Economy #Jobs
Federal Reserve cuts interest rates, signalling potential future reductions amid concerns over slower employment growth.
he Federal Reserve has lowered interest rates by a quarter-point, signalling possible further cuts ahead.
Officials pointed to concerns over slower employment growth, marking a shift from their usual confidence in the labour market.
#FederalReserve #InterestRates #Economy #Jobs #TickerNews
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