Intel, Trump
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Iran, Trump and Pete Hegseth
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President Donald Trump on Friday morning took a surprise trip to "The People's House" -- a museum about the White House and its inhabitants. Earlier Friday, federal agents were se
While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.
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.
Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”