Intel CEO Lip-Bu Tan says he’s “always operated within the highest legal and ethical standards” after President Donald Trump said he should resign. On Thursday Trump said on Truth Social platform that, “The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.
WASHINGTON (AP) – President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!”
WASHINGTON (AP) – President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry.”
NEW YORK (AP) – Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year.
MILAN (AP) – Italy cleared the way Wednesday to build the world’s largest suspension bridge linking the Italian mainland with Sicily in a massive 13.5 billion euro ($15.5 billion) infrastructure project that has been long delayed by debates over its scale, earthquake threats, environmental impact and the spectre of mafia interference.
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.
SAN FRANCISCO (AP) – A federal appeals court has upheld a jury verdict condemning Google’s Android app store as an illegal monopoly, clearing the way for a federal judge to enforce a potentially disruptive shakeup that’s designed to give consumers more choices.