Intel CEO responds after Trump calls for his resignation

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.

Trump Plans 100% Tariff on Computer Chips

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.

Trump Says Intel CEO Must Resign

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!”

Apple to Invest $600 Billion in US

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.”

Palantir books its first $1 billion in quarterly sales

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.

Italy okays $15.5 billion suspension bridge to Sicily

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 Awards Musk $29 Billion in Shares

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.

Google loses appeal in antitrust battle with Fortnite maker

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.